{"id":906,"date":"2026-08-26T06:30:00","date_gmt":"2026-08-26T06:30:00","guid":{"rendered":"https:\/\/realcivilservices.com\/?p=906"},"modified":"2026-08-17T10:59:59","modified_gmt":"2026-08-17T10:59:59","slug":"understanding-how-monetary-policy-is-formulated-by-experts","status":"publish","type":"post","link":"https:\/\/realcivilservices.com\/?p=906","title":{"rendered":"Understanding How Monetary Policy is Formulated by Experts"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.scalenut.com\/prod\/cruise-mode-images\/868535209b8e85-6910-46d7-9004-a13f20070098.png\" alt=\"RBI controlling economic levers\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Highlights<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Reserve Bank of India makes the monetary policy for the country. It guides things like credit, how money moves in the economy, and sets interest rates.<\/li>\n\n\n\n<li>The Monetary Policy Committee helps to decide the policy rates. It works to reach the inflation target, which is set at 4%. There is a space for it to move up or down by 2%.<\/li>\n\n\n\n<li>India can use both expansionary or contractionary monetary policy. The choice depends on how the economy is doing at that time.<\/li>\n\n\n\n<li>The Reserve Bank uses tools such as the repo rate, CRR, SLR, and open market operations. These help to manage the amount of money in the system.<\/li>\n\n\n\n<li>The aim for the monetary policy is to keep price stability, make sure there is financial stability, and support economic growth.<\/li>\n\n\n\n<li>The Reserve Bank of India tells everyone about its decisions through a monetary policy statement and a press release.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Introduction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is important because it helps decide how much you pay when you borrow money. It also changes how much you get when you save money and how fast the economy grows. In India, the Reserve Bank of India is in charge of this work. A lot of people talk about the Reserve Bank, the Bank of India, and all banks together when they talk about money in the country. The Reserve Bank of India sets the rules about credit, money, and how things happen in the market. What they do will change interest rates, how businesses act, and the price of goods. If you want to know how experts make money choices every year, you must know the simple things and see how this monetary policy works.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fundamentals of Monetary Policy in India<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is something the Reserve Bank of India uses to do its job. The bank uses this tool to control how much credit and money there is in the country. It is an important part of the policy framework that helps keep the Indian economy steady.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This framework is not just about interest rates. It helps keep things steady in financial markets. It also helps set price levels and make sure the right amount of credit goes to the main parts of the economy. To understand why this is important, let\u2019s look at what it means and what the main goals are.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Definition and Importance of Monetary Policy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is the way the central bank, which is the Reserve Bank of India, handles credit, interest rates, and money supply in the country. In India, the Reserve Bank of India does this job. The reserve bank has different tools to change how people and banks use, lend, or borrow money. With these actions, the bank of india tries to move the money in the economy to keep things steady and safe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The main goal of monetary policy in India is to keep price stability and help the economy grow. When prices stay steady, people feel sure about their money. It also helps them plan for the future. If prices go up too fast, it gets hard for people and businesses to know when or how to spend or invest. This is why price stability matters so much.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy matters to all people. The central bank uses monetary policy to manage how money and credit flow in the country. This helps lower any stress in the financial system and can make markets work well. Simply put, monetary policy stops the economy from getting too hot or slowing down too much. This is good for the country\u2019s financial stability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Objectives of India\u2019s Monetary Policy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s monetary policy has some goals that are easy to see. The main objectives of monetary policy are to keep prices stable (control inflation), help business grow, and keep markets safe. A big part of this is the country\u2019s inflation target, which helps shape how this policy is made and discussed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the main goals of India&#8217;s monetary policy:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Keep price stability so the value of money does not go down fast.<\/li>\n\n\n\n<li>Help economic growth by making sure there is enough supply of money and credit.<\/li>\n\n\n\n<li>Keep financial stability in banks and financial markets.<\/li>\n\n\n\n<li>Create conditions that help people get jobs and keep things balanced in the wider economy.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can look at these goals and see that they are connected. When the supply of money and inflation are controlled, it is easy for people to make choices about where to invest. If the supply of money is handled in a good way, then businesses can grow without causing big problems. The people in charge want to keep this balance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Types of Monetary Policy Strategies<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The central bank has a few ways to help the economy. There are two main types of monetary policy. These are called expansionary monetary policy and contractionary monetary policy. The central bank picks which one to use based on what the country needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One plan is used when the economy needs help and there needs to be more cash for people. The other plan is used when prices go up too fast and people start to buy too much. Both of these change how people borrow money, lend money, and how they buy things. Let\u2019s look at each of them one by one.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Expansionary Monetary Policy Explained<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Expansionary monetary policy is what the central bank uses when it wants to boost the money supply. The central bank lowers interest rates to make loans cheaper for both people and businesses. This means that people may take out more loans. As a result, consumer spending can go up, more money may be put into business investment, and overall business activity has a chance to rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Common expansionary steps include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When interest rates are cut, it gets easier for people and businesses to borrow money.<\/li>\n\n\n\n<li>A fall in reserve requirements means banks get more cash they can give out.<\/li>\n\n\n\n<li>If the government buys government securities, there will be more cash in the system.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This way helps with economic growth and can also help lower the number of people without jobs. It does this by making demand go up. At the same time, it can also affect how fast prices go up in India. When more money is in the economy, people spend more. If supply does not grow as fast, prices can start to go up. So, the right timing is very important.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Contractionary Monetary Policy in India<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Contractionary monetary policy is a tool used by the Reserve Bank of India. The bank chooses this way when there is high inflation or too much money in the market. The Reserve Bank wants to lower the amount of money with people. This helps slow down demand and brings prices down. The main goal is to control price increase with this policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It does this in a few ways. It raises interest rates, makes banks keep more money as reserve requirements, or sells government securities and bonds. When these things happen, banks have less money to give out as loans. It can also cost more for people or businesses to borrow money. Because of all this, the money market gets tighter, and the growth of credit may slow down.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is one way the monetary policy can affect inflation rates in India. When there is less money moving in the market and people are not taking as many loans, spending drops. This helps to keep prices from going up. But at the same time, it can also make things slow down for a while.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Difference Between Monetary Policy and Fiscal Policy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">People often get monetary policy and fiscal policy mixed up. These two are not the same. The central bank takes care of monetary policy. It works with things like credit, how much money is in the market, and interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fiscal policy is about what the government of India does with money. This means how it spends, how it gets money through taxes, and how it uses its funds. The choices that the government of India makes can help change how the economy works. But fiscal policy uses different ways than some other types of policy. A simple look at both types can show you how they are not the same.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Monetary Policy Differs from Fiscal Policy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you want to know how fiscal policy and monetary policy are different in India, here is a simple answer. The central bank takes care of monetary policy as part of its policy framework. But the central government looks after fiscal policy. These two policies use different tools and are handled by different people.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is a clear text table:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Basis<\/th><th>Monetary Policy<\/th><th>Fiscal Policy<\/th><\/tr><tr><td>Main authority<\/td><td>Central bank, mainly the Reserve Bank of India<\/td><td>Central Government<\/td><\/tr><tr><td>Main focus<\/td><td>Interest rates, liquidity, credit, money supply<\/td><td>Government spending, taxation, budget decisions<\/td><\/tr><tr><td>Core tools<\/td><td>Repo rate, CRR, SLR, open market operations<\/td><td>Public expenditure, tax changes, borrowing decisions<\/td><\/tr><tr><td>Main aim<\/td><td>Price stability, financial stability, credit conditions<\/td><td>Growth support, public welfare, revenue management<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In real life, the two ways work together. One takes care of money using banks. The other helps shape what people want by spending government money. If you know how they are not the same, you can understand who does what and see how things happen.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Relevance of Each Policy for India&#8217;s Economy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Both monetary policy and fiscal policy have a big role in India&#8217;s economy. They work on different things. Monetary policy is helpful when there is a need to control inflation, too much money in the market, or to hold financial stability. Fiscal policy deals with how the government spends money and how it decides on taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Each has a distinct role:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Monetary policy sets how much it costs to borrow money. It also controls rules for credit. These help the economy grow.<\/li>\n\n\n\n<li>Fiscal policy changes how people spend. It does this by changing how much the government spends and the taxes people pay.<\/li>\n\n\n\n<li>When you use both monetary policy and fiscal policy at the same time, they can help keep things steady. This happens even when there are big changes in the country or around the world.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, I can help you with that. In India, monetary policy and fiscal policy are two different things. Monetary policy deals with the country\u2019s banks and money matters. Fiscal policy is about the government\u2019s budget. Both monetary policy and fiscal policy are important for the way the economy works. They use different tools. The results from each one can be seen in other ways and at other times.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Instruments Used by the Reserve Bank of India<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India uses different ways to manage the country\u2019s money. These tools help the Reserve Bank of India decide how much money should be in the system. They also check rates that people pay or get when they borrow. The bank uses these to guide short-term and long-term interest in the financial system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some tools, like the bank rate, repo rate, and open market operations, help control how much credit there is in the market and what it costs to get credit. There are also tools that help with how this credit gets used in the economy. The next two sections talk more about these ways, called quantitative and qualitative methods, using simple words.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Quantitative Tools for Implementation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When people ask about the tools used by the Reserve Bank of India for monetary policy, most talk about quantitative tools first. These tools have a big role in controlling how much money is there in the banks and how much it costs to borrow money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key tools include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash Reserve Ratio: This is the part of all deposits that banks have to keep with RBI. They do not use this money for lending or for investment.<\/li>\n\n\n\n<li>Repo rate: This is the rate of interest the RBI charges when it gives short-term money to banks.<\/li>\n\n\n\n<li>Open market operations: In open market operations, the RBI buys or sells government securities. This helps the RBI control how much money is in the market.<\/li>\n\n\n\n<li>Statutory Liquidity Ratio: This is the fixed part of deposits banks must keep in liquid assets. They keep it in cash, gold, or government securities and not for lending.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These reserve requirements help the RBI control how much the banks give out as loans. If the CRR or SLR goes up, the banks will have less money for lending. When the repo rate changes, it changes the cost for banks if they want to borrow more money. These tools all work together to decide the market rates, manage liquidity, and control credit in the economy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Qualitative Methods Applied by RBI<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not every policy tool works by changing numbers like rates or ratios. The RBI uses some other ways to guide how banks use credit. These steps help make sure that what banks do fits the goals of the policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Important qualitative methods include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The rationing of credit is a way to hold back how much banks give out loans in some areas of the economy.<\/li>\n\n\n\n<li>Moral suasion is when there are talks, advice, and tips given to banks to guide them.<\/li>\n\n\n\n<li>People use public communication and direct steps when it is needed. These ways help improve compliance.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The liquidity adjustment facility is there to help with short-term liquidity needs. It works by using repo and reverse repo steps. But this tool also plays a part in bigger policy plans that the RBI has. So, if you want to know what tools the RBI uses, the answer is both. The RBI uses quantitative tools and other ways that help change how banks lend money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Role and Process of Monetary Policy Formulation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is not made by only one person. In India, there is a policy framework for this under the RBI Act. The Monetary Policy Committee is the main group that handles this work.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India listens to ideas and checks what is going on. Then it follows a clear plan to decide what action to take. This plan has several steps. The steps include voting, telling the public, giving steps to follow, and then watching what happens next. If you want to know how a policy is made, look at what the committee does. See how the review cycle works too. The work the reserve bank and bank of india do is very important in this whole process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Responsibilities of the Monetary Policy Committee (MPC)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Monetary Policy Committee started in 2016 after the RBI Act changed. The committee is in charge of setting and controlling monetary policy in India. This group has the power given by law. It sets important interest rates. The main goal of the committee is to keep price stability and help the country grow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Its structure includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There are three people from the RBI. One of them is the RBI Governor, and he leads the group.<\/li>\n\n\n\n<li>The central government chooses three outsiders as experts.<\/li>\n\n\n\n<li>If the votes are tied, the RBI Governor has a casting vote.<\/li>\n\n\n\n<li>A decision can go ahead if more people say yes, and at least four people are part of the vote.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Monetary Policy Committee plays a big role in India\u2019s financial system. It helps people trust the policy. This group sets how the monetary policy goes each time. They focus on an inflation target of 4% with room to move up or down by 2%. When they decide, they listen to ideas from both their own members and others outside the group. They also share notes from their meetings, which helps people feel the process is open and fair.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Annual Review and Announcement of Policy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Every year, the Reserve Bank of India checks its monetary policy by using a policy framework. The committee looks at things and then makes a choice on what should be done next. After this, the Reserve Bank of India gives out the news and puts the new rules in action. People in the Reserve Bank and people who are part of the central board also join in to help with the whole process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The process to share a new monetary policy in India starts when the official choice is made. The RBI gives out the news and details by putting the information in a monetary policy statement and a press release. After that, it sends notices to banks and other financial groups. These notices tell them what the new terms are and when they will begin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After that, policy rates in the system are changed. The RBI steps in with its tools to match the market to the new plan. This is the way monetary policy gets checked or changed a lot. The RBI looks at inflation trends and market signs to see how things go over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact of Monetary Policy on Inflation and the Economy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy helps change things like how high prices go, how much it costs to borrow, and growth in the economy. When RBI changes the amount of money or changes interest rates, it can change market rates. This also shapes how much people and companies want to borrow or spend in the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The inflation target in monetary policy sets a clear goal for everyone to follow. This is not only about prices. Monetary policy can also help lower the risk of bad things happening in the world of money. It can help keep the path of economic growth smooth for people. The next parts will show how all of this works in real life.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Influencing Inflation Rates in India<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is about changing the interest rates and the amount of money in the economy. When interest rates go up, it costs more to get a loan. People and companies may not want to borrow as much. They may spend less. When the interest rates go down, loans cost less. People and businesses might spend and borrow more money. This makes the amount of money in the economy go up. So, monetary policy helps control what people pay for things.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is important because inflation can go up or down when people buy more or less things, and when there is more or less money moving in the system. If the supply of money gets bigger too quickly, prices also go up fast. But if the amount of money does not get bigger very much, inflation can slow down as time goes by. That is why price stability is still a key goal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In India, the rule is made to keep prices from going too high or too low. The RBI watches how prices change. It then makes changes in rates and uses other things to help control this. A tighter rule can help keep prices from going up fast. A looser rule can help get things moving when prices are not going up a lot.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Supporting Economic Stability and Growth<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy is not only used to keep prices the same. It also helps to grow the economy. The way monetary policy works is by changing how much credit people and businesses can get. This helps guide their investment choices and business activities. When the people who make monetary policy get it right, the economy can grow. There will not be big problems or imbalances at the same time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Its broader benefits include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The aim is to support financial stability by making the markets and banks less stressful.<\/li>\n\n\n\n<li>Better credit conditions can help encourage business activities.<\/li>\n\n\n\n<li>It is good for financial inclusion when more people can use banking services and get credit. This helps banking services and credit access grow.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This link is important for you because stable policy makes things feel more steady. It helps businesses plan what they do. Banks can give out loans with less trouble. People can decide what to do about borrowing or saving money. So, even though monetary policy changes prices, it also helps make life feel more stable for everyone. This is what we need for good growth over the years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To sum up, it is good to know how monetary policy is made. This helps you see how big the effect can be on the economy. The Reserve Bank, called the Reserve Bank of India, has some plans that guide the process. The Monetary Policy Committee also has its own job. All these parts are needed to keep the economy steady and to help control prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By giving you updates on these topics, we hope you can make better money choices. You can start to see how the system works for all of us. If you want to learn more or have questions, you can ask for a free consultation. Your path to learning about monetary policy, the Reserve Bank, and the Monetary Policy Committee starts here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Who is responsible for setting monetary policy in India?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Monetary Policy Committee makes decisions about monetary policy in India. This group works under the RBI Act. It has people from the Reserve Bank of India and some external members that the government picks. The RBI Governor leads the committee. If there is a tie, the RBI Governor can use a casting vote.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How often is monetary policy reviewed or updated in India?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Monetary policy works within a set policy framework set by the Monetary Policy Committee. They update it after they finish their decision-making process. The result is shared every year by giving out a monetary policy statement and a press release. After this, the RBI puts these new rules in place and keeps checking what happens next.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Which tools are used to implement monetary policy in India?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India has a few main tools to set its monetary policy. These tools are the repo rate, open market operations, cash reserve ratio, and statutory liquidity ratio. The reserve requirements and liquidity tools let the RBI manage credit in the economy. This means the RBI can control how much banks can lend, where the interest rates will be, and the way money moves in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights Introduction Monetary policy is important because it helps decide how much you &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Understanding How Monetary Policy is Formulated by Experts\" class=\"read-more button\" href=\"https:\/\/realcivilservices.com\/?p=906#more-906\" aria-label=\"Read more about Understanding How Monetary Policy is Formulated by Experts\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-906","post","type-post","status-publish","format-standard","hentry","category-uncategorized","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"_links":{"self":[{"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/posts\/906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=906"}],"version-history":[{"count":1,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/posts\/906\/revisions"}],"predecessor-version":[{"id":907,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=\/wp\/v2\/posts\/906\/revisions\/907"}],"wp:attachment":[{"href":"https:\/\/realcivilservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realcivilservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}