Commencement and Amendment of Act 2 of 1934

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l Government may, by notification in the Official Gazette, appoint. - Clauses 216 to 220 of the Bill seeks to amend certain provisions of the Reserve Bank of India Act, 1934. It is proposed to amend section 2 of the Act so as to insert therein certain definitions to the expressions Consumer Price Index , inflation , Monetary Policy Committee . It is further proposed to insert a new Chapter IIIF in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ith the terms and conditions of Members of the Monetary Policy Committee; (iv) the Bank shall provide all information to the Members of the Monetary Policy Committee that may be relevant to achieve the inflation target; (v) the Bank shall publish a document explaining the steps to be taken by it to implement the decisions of the Monetary Policy Committee, including any changes thereto; (vi) the Ba .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X