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Amendment of section 58

Clause 220 - Bills - MISCELLANEOUS PART I- AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934. - FINANCE BILL, 2016 - Clause 220 - 220. In section 58 of the principal Act, in sub-section (2), after clause (q), the following clauses shall be inserted, .....

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nducting of meetings and related matters of the Monetary Policy Committee under sub-section (12) of section 45ZI; (qd) the particulars and the frequency of publication of document under sub-section (2) of section 45ZJ; (qe) the form and contents of t .....

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herein 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 to meet the cha .....

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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 India as a Chairpers .....

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