The Reserve Bank of India (RBI), formed in 1934, was based on the - TopicsExpress

The Reserve Bank of India (RBI), formed in 1934, was based on the ideas that Ambedkar presented to the Hilton Young Commission. Amartya Sen, a Nobel Prize-winning economist, claims that Ambedkar is my Father in Economics. He is true celebrated champion of the underprivileged. He deserves more than what he has achieved today. However he was highly controversial figure in his home country, though it was not the reality. His contribution in the field of economics is marvelous and will be remembered forever. Ambedkar was an economist by training and until 1921 his career was as a professional economist. It was after that time that he became a political leader. He wrote three scholarly books on economics: Administration and Finance of the East India Company, The Evolution of Provincial Finance in British India, and The Problem of the Rupee: Its Origin and Its Solution Source: Wikipedia

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