In 2003 it provided additional clarification that it was striving for an inflation rate of below, but close to, 2%. Since mid-2013 inflation has been below 1% and, after months of negative rates of inflation, it stood at 0.2% in December. Critics who see the ECB’s efforts to raise the current inflation rate as a change in its monetary policy strategy are mistaken.
The Government of India has, in turn, launched a number of niche specialised funds / schemes such as Textile Upgradation Fund, Credit Linked Capital Subsidy Scheme, and Tannery Modernisation Scheme with a desire to move Indian enterprises towards cleaner production. 14. India is among the few countries in the world to have introduced a carbon tax.