https://www.taxtmi.com/acts?id=21344 The amendment adds precise definitions to the Reserve Bank of India Act: Consumer Price Index as the Consumer Price Index Combined; inflation as year wise change in the monthly CPI in percentage; inflation target as determined under the specified provision; Monetary Policy Committee as the constituted committee; and Policy Rate as the rate for repo transactions under the designated subsection, thereby tying statutory terms to the inflation targeting framework and its implementation instrument. en-us Sat, 07 May 2016 10:03:13 +0530 Sat, 07 May 2016 10:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21344 The amendment adds precise definitions to the Reserve Bank of India Act: Consumer Price Index as the Consumer Price Index Combined; inflation as year wise change in the monthly CPI in percentage; inflation target as determined under the specified provision; Monetary Policy Committee as the constituted committee; and Policy Rate as the rate for repo transactions under the designated subsection, thereby tying statutory terms to the inflation targeting framework and its implementation instrument. Act-Rules F. Acts / Amendment Acts Sat, 07 May 2016 10:03:13 +0530 https://www.taxtmi.com/acts?id=21344