As RBI completes 87 years, a look at contributions of Dr. Ambedkar on conceptualizing RBI
New Delhi: As the Reserve Bank of India completes 87 years on April 1, 2022, we look at the role of Dr. BR Ambedkar in establishing the RBI.
The Reserve Bank of India was conceptualized according to the guidelines, working style, and outlook presented by Dr. Ambedkar in front of the Hilton Young Commission (also known as the Royal Commission on Indian Currency and Finance).
When this commission came to India under the name of “Royal Commission on Indian Currency and Finance”, each and every member of this commission was holding Dr. Ambedkar’s book named “The Problem of the Rupee – Its origin and its solution.”
Hilton Young Commission submitted its report in 1926 and it was on the recommendations of the report that RBI was established. Reserve Bank of India (RBI) came into the picture on 1st April 1935. Dr. Babasaheb Ambedkar had submitted a statement of evidence to the commission and one can find clear authority and evidence of Babasaheb’s expertise on the matter in the statement submitted.
The RBI, however, is often blamed for neglecting the contributions of Dr. Ambedkar and not mentioning the same on RBI Foundation day or on any other occasion.
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Delhi to have 106 additional buses, 60 extra trips by metro trains to combat air pollution
New Delhi (PTI): Delhi Environment Minister Gopal Rai on Friday said an additional 106 cluster buses would ply in the city while metro trains would make 60 extra trips in view of GRAP-3 measures imposed due to worsening air quality.
The Commission for Air Quality Management (CAQM) has imposed GRAP 3 measures as the national capital recorded the worst pollution levels in the country, with the air quality remaining in the "severe" category for two consecutive days.
On Friday too the city's air quality was in the severe category with an AQI of 411.
In a press briefing, Rai said interstate buses except for e-buses and CNG vehicles have been banned. Additionally, BS-III petrol and BS-IV diesel four-wheelers have been prohibited, he said.
To boost public transport and reduce the use of private vehicles, the minister announced the introduction of an additional 106 cluster bus services by the Delhi Transport Corporation and 60 additional trips by metro trains.
Emergency measures, such as artificial rain, will be considered if the air quality deteriorates further, the minister said, adding that he would Centre about it again.
Private construction and demolition activities have been banned under GRAP III measures, he said.
"We are working on making GRAP-3 measures more effective in Delhi," Rai said and urged people to use bicycles to travel short distances, rely on public transport and carpool or work from home whenever possible.
He added that an inter-departmental meeting was held on Friday with officials from the MCD, PWD, Irrigation and Flood Control Department, transport, DTC, Metro, Education, and other departments concerned to strengthen the winter action plan.
