Printing of currency is an essential activity for any country, and India is no exception. The Reserve Bank of India (RBI) is responsible for the printing of currency notes in India. In this blog, we will take a closer look at the process of printing currency notes in India and the various factors that influence the process. Printing currency in India is the responsibility of the Reserve Bank of India (RBI), which is the central bank of the country. The RBI was established in 1935 and is headquartered in Mumbai. The RBI is responsible for determining the amount of currency notes that need to be printed in India. The amount of currency notes that are printed is determined based on various factors, such as the demand for currency in circulation, the need for new notes, and the replacement of old and damaged notes. Once the amount of currency notes to be printed is determined, the RBI places an order with the two government-owned printing presses in Nashik and Dewas. History of currency pr...
Commodity Market in India The history of commodity markets in India dates back to the 19th century, when the first commodity exchange, the Bombay Cotton Trade Association, was established in 1875. The establishment of the exchange marked the beginning of organized trading in commodities in India. In the following decades, other commodity exchanges were established in cities like Calcutta, Ahmedabad, and Delhi, where trading in various commodities like jute, sugar, and spices took place. These exchanges were primarily dominated by traders and brokers, who would gather at a physical location to trade and negotiate deals. The post-independence period saw significant growth and development in the Indian commodity market. The Indian government established the Forward Markets Commission (FMC) in 1952, which was later renamed as the Commodity Derivatives Market Regulation and Development Authority (CDMRDA) in 2015. The role of the FMC/CDMRDA was to regulate and supervise the functioning of co...
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