Q Why is it in News?
On the last day of the financial year 2020-21, the Finance Ministry announced that the inflation target for the five years between April 2021 and March 2026 will remain unchanged at 4% (+/-2 %).
Q What is Inflation targeting mechanism of India?
Q What is the rate of consumer price inflation?
Q What is the RBI’s position on this?
Q Why should these concern consumers?