Act Number: 2

Act Name: The Reserve Bank of India Act, 1934

Year: 1934

Enactment Date: 1934-03-06

Long Title: An Act to Constitute a Reserve Bank of India.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 45ZA: Inflation target.
    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.]
Notes:
1. Ins. by Act 28 of 2016, s. 222 (w.e.f. 27-6-2016).
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