Section 45ZA of RBI Act : Section 45Za: Inflation Target

Explanation using Example

Imagine the government of a country is concerned about the rising cost of living and wants to ensure that prices do not increase too quickly, which would make it difficult for people to afford basic necessities. To address this issue, the Central Government decides to set a specific goal for how much prices should be allowed to increase each year, which is known as an inflation target.

Under Section 45ZA of The Reserve Bank of India Act, 1934, the government must wor...

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