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Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.United States: Higher Education Costs Flat in 2018 E-Commerce Prompting Innovation by Traditional Postal Services The Global Opportunity Index 2018 了解更多
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth."