Section 45ZA
Inflation target.
The Reserve Bank of India Act, 1934
About this Act
An Act to Constitute a Reserve Bank of India.
1[45ZA. Inflation target.--(1) The Central Government shall, in consultation with the Bank,
determine the inflation target in terms of the Consumer Price Index, once in every five years.
(2) The Central Government shall, upon such determination, notify the inflation target in the Official Gazette.]
(2) The Central Government shall, upon such determination, notify the inflation target in the Official Gazette.]
Notes
1. Ins. by Act 28 of 2016, s. 222 (w.e.f. 27-6-2016).