<h1>Monetary Policy Framework sets an inflation objective and enables accommodative rate cuts to support growth and stability.</h1> Inflation management and a new Monetary Policy Framework between Government and the RBI introduced an explicit inflation objective, supported by supply-side measures and accommodative monetary easing in 2015 to restore price stability and spur growth. Concurrently, banking reforms (recapitalisation, Mission Indradhanush, Payment and Small Finance Bank licences) and financial-sector measures (NIIF creation, tax-free bonds, FPI debt limits, PPP appraisal and Viability Gap Funding, municipal bond guidelines) were implemented to mobilise long-term finance, improve governance, deepen markets and promote infrastructure and financial inclusion.