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As the national struggle intensified, the Government of India conceded some of the economic demands of the nationalists, including the establishment of a central bank. [16] Accordingly, the Reserve Bank of India Act was passed in 1934 and a central bank came into being on April 1, 1935, with Sir Osborne Smith as its first Governor. [16]
When the Parliament had renewed the charter of the East India Company for 20 years in 1813, it had required the company to apply 100,000 rupees per year [1] "for the revival and promotion of literature and the encouragement of the learned natives of India, and for the introduction and promotion of a knowledge of the sciences among the inhabitants of the British territories."
[6]: 20 The war ultimately resulted in Nagabhata II, King of the Gurjaras, winning the crown of Kannauj in 816, [7] [8] [9] and proclaiming himself King of Kannauj. In the eighth century, the two major powers of Aryavarta (northern India) were the Pratiharas who ruled the Gurjara Kingdom and the Palas who ruled the Kingdom of Gauda (Bengal).
Older notes, however, are not readable. Latent image: When held against the light at an angle of 45 degrees, an inscription of the value of the denomination is seen on the right side of Mahatma Gandhi's image. Microlettering: Micro-letters are used to print RBI on ₹10 notes, and the value of the denomination on other notes. Intaglio print:
The Marxian historiography of India uses the method of historical materialism and has focused on studies of economic development, land ownership, and class conflict in precolonial India and deindustrialization during the colonial period. [42] B. N. Datta, and D. D. Kosambi are considered the founding fathers of Marxist historiography in India ...
The organizers of the 27th session of the Indian National Congress at Bankipur (26–28 December 1912) recorded their "profound sorrow at the death of Allan Octavian Hume, C.B., father and founder of the Congress, to whose lifelong services, rendered at rare self-sacrifice, India feels deep and lasting gratitude, and in whose death the cause of ...
Use of the term feudalism to describe India applies a concept of medieval European origin, according to which the landed nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants (villeins or serfs) were obliged to live on their lord's land and give him homage, labor, and a share of the produce, notionally in ...
Around 14,000 sacred groves have been reported across India, which act as reservoirs of rare fauna, and more often rare flora, amid rural and even urban settings. Experts believe that the total number of sacred groves could be as high as 100,000. Threats to the groves include urbanization, and over-exploitation of resources.