Role in The Formation of Reserve Bank of India
Reserve Bank of India (RBI) came into picture according to the guidelines laid down by Dr Ambedkar. RBI was conceptualized as per the guidelines, working style and outlook presented by Dr Ambedkar in front of the Hilton Young Commission. When this commission came to India under the name of “Royal Commission on Indian Currency & Finance”, each and every member of this commission were holding Dr Ambedkar’s book named “The Problem of the Rupee – Its origin and its solution.”
(The legislative assembly passed this under the name of RBI act 1934, its need, working style and its outlook was presented by Dr Ambedkar in-front of Hilton Young Commission. Read, “Evidence before the Royal Commission on Indian Currency and Finance” and “The Problem of the Rupee – Its origin and its solution.”)
Read more about this topic: B. R. Ambedkar
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