https://www.taxtmi.com/news?id=16676 The Finance Act, 2016 amended the RBI Act to establish a statutory Monetary Policy Committee to fix the benchmark policy rate for achieving price stability with due regard to growth; the MPC must meet at least four times yearly and publish its decisions, the Government in consultation with the RBI has notified an inflation target and tolerance band, and the six member committee comprises three ex officio RBI members and three government appointed members serving four year terms. en-us Thu, 29 Sep 2016 18:53:30 +0530 Thu, 29 Sep 2016 18:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16676 The Finance Act, 2016 amended the RBI Act to establish a statutory Monetary Policy Committee to fix the benchmark policy rate for achieving price stability with due regard to growth; the MPC must meet at least four times yearly and publish its decisions, the Government in consultation with the RBI has notified an inflation target and tolerance band, and the six member committee comprises three ex officio RBI members and three government appointed members serving four year terms. News - Thu, 29 Sep 2016 18:53:30 +0530 https://www.taxtmi.com/news?id=16676