https://www.taxtmi.com/acts?id=20624 The Bill revises the RBI Act Preamble to prioritize a modern monetary policy framework aimed at price stability and growth, inserts definitions including Consumer Price Index, inflation and Monetary Policy Committee, and adds Chapter IIIF establishing that the Central Government will set the inflation target in consultation with the Bank; it provides for a Monetary Policy Committee composition, membership terms, Bank information duties to Committee Members, publication of implementation steps, and a biannual Monetary Policy Report with inflation sources and six-to-eighteen month forecasts. en-us Mon, 29 Feb 2016 19:08:17 +0530 Mon, 29 Feb 2016 19:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20624 The Bill revises the RBI Act Preamble to prioritize a modern monetary policy framework aimed at price stability and growth, inserts definitions including Consumer Price Index, inflation and Monetary Policy Committee, and adds Chapter IIIF establishing that the Central Government will set the inflation target in consultation with the Bank; it provides for a Monetary Policy Committee composition, membership terms, Bank information duties to Committee Members, publication of implementation steps, and a biannual Monetary Policy Report with inflation sources and six-to-eighteen month forecasts. Act-Rules Bills Mon, 29 Feb 2016 19:08:17 +0530 https://www.taxtmi.com/acts?id=20624