Amendment of section 2

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..... India from time to time;'; (ii) after clause (c), the following clauses shall be inserted, namely:-- '(ci) "inflation" means the year wise change in monthly Consumer Price Index expressed in terms of percentage; (cii) "inflation target" means the inflation target determined in accordance with sub-section (1) of section 45ZA;'; (iii) after clause (cc), the following clauses shall be inserte .....

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..... y 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 Government shall, in consultation with the Bank (Reserve Bank of India), determine the inflation target in terms of the Consumer Price Index, once in every five years; (ii) the Central Government may constitute a Committee to be called .....

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