Commencement and Amendment of Act 2 of 1934

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....e as the Central Government may, by notification in the Official Gazette, appoint. - Clauses 216 to 220 of the Bill seeks to amend certain provisions of the Reserve Bank of India Act, 1934. It is proposed to amend section 2 of the Act so as to insert therein certain definitions to the expressions "Consumer Price Index", "inflation", "Monetary Policy Committee". It is further proposed to inser....

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....ttee; (iii) section 45ZC to 45ZG deals with the terms and conditions of Members of the Monetary Policy Committee; (iv) the Bank shall provide all information to the Members of the Monetary Policy Committee that may be relevant to achieve the inflation target; (v) the Bank shall publish a document explaining the steps to be taken by it to implement the decisions of the Monetary Policy Comm....