Mumbai, Aug. 22 -- Reserve Bank of India (RBI) has placed a Discussion Paper on Review of Monetary Policy Framework on its website today. Comments are invited on the questions raised in the Discussion Paper, from stakeholders and members of the public by September 18, 2025, through email. In May 2016, the Reserve Bank of India Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework in India. As per Section 45ZA of the RBI Act, 1934, the Central Government shall, in consultation with the Reserve Bank, determine the inflation target in terms of the CPI, once in every five years. The Central Government initially notified the inflation target with the tolerance band on Augu...
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