RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters
Business RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters

RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters In case of failure to maintain the inflation target for three consecutive quarters, the central bank, under section 45ZN of the RBI Act, is required to submit a report to the government explaining the reasons and spelling out the remedial actions it would be taking to check the price rise.

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