inflation targe Archives - Tax Heal https://www.taxheal.com/tag/inflation-targe Complete Guide for Income Tax and GST in India Tue, 28 Jun 2016 13:34:15 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 Factors that constitute failure to achieve the inflation target notified by govt https://www.taxheal.com/factors-that-constitute-failure-to-achieve-the-inflation-target-notified-by-govt.html https://www.taxheal.com/factors-that-constitute-failure-to-achieve-the-inflation-target-notified-by-govt.html#respond Tue, 28 Jun 2016 13:34:15 +0000 http://taxheal.com/?p=11731 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 27th June, 2016 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… Read More »

]]> THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 27th June, 2016

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

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