The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth. In May 2016; the Reserve Bank of India (RBI) Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting framework. The amended RBI Act also provides for the inflation target to be set by the Government of India, in consultation with the Reserve Bank, once in every 5 years. Accordingly, the Central Government has notified in the Official Gazette 4 % Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 % and the lower tolerance limit of 2%
Which railway station of East Coast Railway has been awarded the 'Green Railway Station Certification with highest rating of Platinum?
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What was the main focus of the "Internet Saathi" program expanded by Google in India in 2024?
India's Green Bond Framework is designed with key recommendation of _________.
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Which book provides a comprehensive analysis of the individuals who served as the chief of the Reserve Bank of India?
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