Amendment of section 2

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..... vernment of 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 .....

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..... ng 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 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 constitut .....

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..... ix months, publish a document to be called the Monetary Policy Report, explaining the sources of inflation; and the forecasts of Inflation for the period between six to eighteen months from the date of publication of the document. It is also proposed to make certain amendments to the said Act which are consequential in nature. - statute, statutory provisions legislation, law, enactment, Acts .....

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