The Reserve Bank of India (RBI) was established under the Reserve Bank of India Act, 1934 on 1 April 1935 and nationalised on 1 January 1949. The Bank is the sole authority for issue of currency in India other than one-rupee coins and subsidiary coins. As the agent of the Central Government, the Reserve Bank undertakes distribution of one-rupee coin as well as small coins issued by the Government of India. It acts as banker to the Central Government, and State Governments by virtue of agreements entered into with them. It also handles the borrowing programme of the Central and State Governments. It formulates and administers monetary policy with a view to ensuring price stability while promoting growth in the real sector through proper deployment of credit. It plays an important role in maintaining and managing the country's foreign exchange reserves and ensures orderly conditions in the foreign exchange market. It also acts as an agent of the Government of the India in respect of India's membership of International Monetary Fund. It regulates and supervises commercial banks, Urban Co-operative Banks, Non-banking Financial Companies (NBFCs) and select All India Financial Institutions. It also performs a variety of developmental and promotional functions. Recently, it has taken a lot of measures / initiatives in promoting financial stability, financial inclusion and financial literacy in the country as a whole.
Print media are lightweight, portable, disposable publications printed on paper and circulated as physical copies in forms we call books, newspapers, magazines, and newsletters. They hold informative and entertaining content that is of general or special interest. They are published either once or d →
Founded on: 7 April 1948. Head Quarter: Geneva, Switzerland Director-General: Dr Tedros Adhanom Ghebreyesus Member Country: 194 WHO began when our Constitution came into force on 7 April 1948 – a date we now celebrate every year as World Health Day. We are now more than 7000 people from more than 1 →
In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →
Headquarter: New Delhi Function of the Organization: The Medical Council of India was established in 1934 under the Indian Medical Council Act, 1933, now repealed, with the main function of establishing uniform standards of higher qualifications in medicine and recognition of medical qualifications →
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