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On: March 10, 2025
Daily Answer Writing Practice Questions (10 March 2025)
The National Rail Plan (NRP) for India – 2030 aims to develop a ‘future ready’ railway system by 2030. Discuss. (Answer in 200 words) भारत के लिए राष्ट्रीय रेल योजना (NRP)- 2030 का लक्ष्य वर्ष 2030 तक ‘भविष्य के लिए ...
On: March 8, 2025
Daily Answer Writing Practice Questions (8 March 2025)
Examine the key issues that obstruct the development of port infrastructure in India and outline the recent measures taken by the government to address these challenges. (Answer in 200 words) भारत में बंदरगाह अवसंरचना के विकास में आने वाली विभिन्न ...
On: March 7, 2025
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मानव-वन्यजीव संघर्ष का प्रबंधन
प्रधानमंत्री की घोषणा: मानव-वन्यजीव संघर्ष प्रबंधन के लिए एक समर्पित केंद्र की स्थापना। चुनौतियाँ: जनसंख्या वृद्धि और संसाधनों की प्रतिस्पर्धा। वन्यजीव संरक्षण का महत्व पारिस्थितिक संतुलन और जलवायु अनुकूलन: वन्यजीव पारिस्थितिकी तंत्र को बनाए रखने और जलवायु पैटर्न को विनियमित ...
Inflation Targeting is a monetary policy framework wherein a central bank sets a specific inflation rate as its primary goal and adjusts monetary instruments to achieve and maintain that target. The objective is to ensure price stability, which promotes sustainable economic growth. Typically, inflation targeting involves setting a medium-term target, often around 2%, but this varies across countries.
In India, the Inflation Targeting Framework was formally adopted in 2016 through an amendment to the Reserve Bank of India (RBI) Act, 1934. The RBI operates under a flexible inflation targeting (FIT) regime, with a target range of 4% (+/- 2%). This means inflation is considered acceptable if it stays between 2% and 6%.
The implementation involves:
1. Monetary Policy Committee (MPC): A six-member committee, including three members appointed by the government, decides on policy rates, like the repo rate, to control inflation.
2. Inflation Measurement: The Consumer Price Index (CPI) is the primary inflation measure.
3. Accountability: If inflation deviates from the target for three consecutive quarters, the RBI must explain the reasons, suggest corrective measures, and propose a timeline for returning to the target.
The framework balances inflation control with economic growth, ensuring financial stability in the country.