Inflation and Price Indices — Landmark Events

Landmark Events

Urjit Patel Committee Report (Expert Committee to Revise and Strengthen the Monetary Policy Framework)

2014

While not a judicial judgment, this report is a landmark policy document that fundamentally reshaped India's monetary policy framework. It provided the intellectual and empirical…

Amendment to the Reserve Bank of India Act, 1934 (Finance Act, 2016)

2016

This legislative amendment provided the statutory backing for the flexible inflation targeting framework, making it legally binding for the Reserve Bank of India. It formally…