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CHAPTER IIIF MONETARY POLICY

Section 45ZA: Inflation target

The Reserve Bank of India Act, 1934

(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.

Questions on this section

2 questions in 3 of our papers cite Section 45ZA.

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