Now the question here is, if England was present in the US and ruled India for around 100 years, how did we escape the Private Central Reserve and have a government Reserve Bank which we proudly call as the Reserve Bank of India.
This revolution happened because a guy submitted his PhD thesis to the chief economist of the UK at that time with title of his thesis as Problem of the Rupee, the Problem and Resolution and the name of this person is Dr. Bhimrao Ramji Ambedkar.
The Reserve Bank of India was established on the basis of the resolution points given by Dr. Ambedkar in his PhD thesis.
Most of the European countries now are in economic troubles because of their banking system. Banks lending out money to people who cannot repay. In this process the Bank earns the profit that they don’t care if the country falls … Read More