MANU/EAFF/0106/2016

Ministry : Ministry of Finance

Department/Board : Economic Affairs

Notification No. : SO2215(E)

Date of Notification : 27.06.2016

Date of Publication : 27.06.2016

Factors which constitute failiure to achieve the inflation target

S.O.2215(E).--In exercise of the powers conferred by section 45ZN of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby notifies the following as factors that constitute failure to achieve the inflation target, namely:-

(a) the average inflation is more than the upper tolerance level of the inflation target notified under section 45ZA of the said Act for any three consecutive quarters; or

(b) the average inflation is less than the lower tolerance level of the inflation target notified under section 45ZA of the said Act for any three consecutive quarters.

[F. No. 12/1/2016-FSLRC(ii)]
Dr. SHASHANK SAKSENA, Adviser