The Reserve Bank of India Act

Provisions of this Chapter to override other provisions of Act

Inflation target

Constitution of Monetary Policy Committee

Eligibility and selection of Members appointed by Central Government

Terms and conditions of appointment of Members of Monetary Policy Committee

Removal of Members of Monetary Policy Committee

Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee

Secretary to Monetary Policy Committee

Information for Monetary Policy Committee Members

Meetings of Monetary Policy Committee

Steps to be taken to implement decision of Monetary Policy Committee

Publication of decisions

Publication of proceedings of meeting of Monetary Policy Committee

Monetary Policy Report

Failure to maintain inflation target

Power to make rules


MONETARY POLICY 


1[45ZA. Inflation target.--(1) The Central Government shall, in consultation with the Bank,
determine the inflation target in terms of the Consumer Price Index, once in every five years.

(2) The Central Government shall, upon such determination, notify the inflation target in the Official
Gazette.]

LAWGIST

# 45ZA Inflation target