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The Paper Currency Act, 1861 gave the Government of India the exclusive right to print and circulate banknotes and thereby abolishes the printing and circulation of banknotes by the private Presidency Banks. Until the establishment of the Reserve Bank of India on 1 April 1935, the Government of India continued to print and issue banknotes. [2] [3]
The East India Company, which then ruled over large parts of India, wanted to take away this power of issuing banknotes from the commercial banks, as a result of which The Paper Currency Act, 1861 was enacted into law. [2]
The British India banknotes of King George V were also printed in England. In 1928, the India Security Press at Nasik became functional and took over from the Bank of England Press the printing of notes. In 1935, the Reserve Bank of India was established, and since then it has been the only currency-issuing authority and monetary agency for ...
The Paper Currency Act,1861 gave the Government the monopoly of note issue throughout the vast expanse of British India, which was a considerable task. Eventually, the management of paper currency was entrusted to the Mint Masters, the Accountant Generals and the Controller of Currency.
India Today admitted to being fined for viewership malpractice. [12] Bombay High Court directed TV Today Network to pay the fine imposed by BARC. [13] [14] In March 2018, Aaj Tak misreported that the Delhi High Court had disqualified 20 MLAs of the Aam Aadmi Party. India Today was among several news channels that also reported the said claim. [15]
The acute shortage of silver during the First World War and the contributions of Hyderabad to the British war effort led them to accept, in 1918, paper currency in denominations of 10 and 100 rupees issued under the Hyderabad Currency Act. [2] The currency was designated asOsmania Sicca (OS). One- and five-rupee notes were subsequently issued ...
Besides India Upfront, Shivshankar also anchors four other shows, including The Breaking News Show and Live Report, and the one-hour weekend show Confront, which invites two panellists to debate on social and political topics concerning state issues, elections and the economy, and others.
Times Now is an English-language news channel in India owned and operated by The Times Group. The channel launched on 23 January 2006 in partnership with Reuters. [1] [2] It is a pay television throughout India. Until 2016, it was India's most popular and the most viewed English news channel. [3] [4] [5]