https://www.taxtmi.com/acts?id=20623 The Bill inserts definitions for Consumer Price Index, inflation and Monetary Policy Committee and creates a new Chapter IIIF establishing a statutory inflation-targeting framework. The Central Government, in consultation with the Reserve Bank, will determine the inflation target periodically. A Monetary Policy Committee chaired by the Governor with specified members is to be constituted, with prescribed terms and conditions. The Bank must furnish relevant information to Committee members, publish implementation guidance for Committee decisions, and issue a biannual Monetary Policy Report explaining inflation sources and providing medium-term inflation forecasts. en-us Mon, 29 Feb 2016 19:08:02 +0530 Tue, 01 Mar 2016 15:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20623 The Bill inserts definitions for Consumer Price Index, inflation and Monetary Policy Committee and creates a new Chapter IIIF establishing a statutory inflation-targeting framework. The Central Government, in consultation with the Reserve Bank, will determine the inflation target periodically. A Monetary Policy Committee chaired by the Governor with specified members is to be constituted, with prescribed terms and conditions. The Bank must furnish relevant information to Committee members, publish implementation guidance for Committee decisions, and issue a biannual Monetary Policy Report explaining inflation sources and providing medium-term inflation forecasts. Act-Rules Bills Mon, 29 Feb 2016 19:08:02 +0530 https://www.taxtmi.com/acts?id=20623