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Commencement and Amendment of Act 2 of 1934

Clause 216 - Bills - MISCELLANEOUS PART I- AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934. - Bill - Clause 216 - CHAPTER XII MISCELLANEOUS PART I AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934. 216. The provisions of this Part shall come into f .....

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o as to insert therein certain definitions to the expressions Consumer Price Index , inflation , Monetary Policy Committee . It is further proposed to insert a new Chapter IIIF in the Act consisting of sections 45Z to 45-O relating to monetary policy .....

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ation target in terms of the Consumer Price Index, once in every five years; (ii) the Central Government may constitute a Committee to be called the Monetary Policy Committee of the Bank which shall consist of the Governor of the Reserve Bank of Indi .....

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