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Introduction The Reserve Bank of India (RBI) began its operations as the India’s Central bank in April, 1935. RBI plays an important role in Indian economy. Originally, it was a private shareholders’ bank, but since January 1949 it has…

What is Sati Pratha? Sati (also Suttee) Pratha refers the practice or act of burning of a Hindu widow on the funeral pyre of her husband in-order to show her devotion as a true wife. The woman who performs such act is called a “Sati”.…

Introduction: Population explosion is not only a problem in India; it has reached a menacing proportion all over the world, especially in the poorer countries. The population of India was around 361 million during the census of 1951. It…

What is Soil Erosion? Soils wear away by the action of rain-wash, running water, streams, rivers, winds and other natural agents and thereby they are lost forever. This erosion of the upper-most layer of the earth’s crust (i.e. the soil)…

Brian Drain refers the situation when highly qualified and trained people leave a country to permanently settle in some other country. It is also referred to as Human capital flight. Highly educated professional people immigrate to other…

Man cannot live alone. He needs friends. Something he loves must. Therefore, he likes to live in the company of men or in the company of animals. There are some who love the company of Nature. There are also those who loved the company of…

Gupta Empire It was in 320 A.D. when the Gupta Dynasty came to prominence, a new era of imperial unity started again. The period which intervened between the fall of the Kushanas and the rise of the Gupta Empire is called ‘Dark Age’ in…

What is Social Mobility? In spite of rigid caste structure social mobility was present in Indian society and is still prevalent. Human societies are divided into various social strata. These strata are arranged hierarchically and are…

Public finance means the financial transactions of the government. Under the federal structure, the financial relationship between the union government and the state governments are based on the principle of federal Finance. The Indian…

Introduction By industrial finance we mean the organization of various types of finance needed by industries for their activities connected with the production of goods and services. Production activities include construction of buildings,…