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Amendment of Preamble

Clause 217 - Bills - MISCELLANEOUS PART I- AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934. - FINANCE BILL, 2016 - Clause 217 - 217. In the Reserve Bank of India Act, 1934 (2 of 1934) (herein referred to as the principal Act), in the Preamble, for .....

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tary policy is to maintain price stability while keeping in mind the objective of growth; AND WHEREAS the monetary policy framework in India shall be operated by the Reserve Bank of India; . Clauses 216 to 220 of the Bill seeks to amend certain provi .....

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a new Chapter IIIF in the Act consisting of sections 45Z to 45-O relating to monetary policy to meet the challenge of an increasingly complex economy and to maintain price stability. The proposed new Chapter inter alia provides that,- (i) the Central .....

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Policy Committee of the Bank which shall consist of the Governor of the Reserve Bank of India as a Chairperson, Deputy Governor of the Bank, one officer of the Bank to be nominated by the Central Board and three persons be appointed by the Central Go .....

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