KNOWING THE GREAT MINDS - 1

As I think it is important to discuss about the Governors of RBI, their qualifications and their contributions, thereby I shall discuss a few needed things to know about the great minds, helped in shaping of our economy.





















K. G. Ambegaokar, a member of the Indian Civil Service, served as Finance Secretary prior to his appointment as Deputy Governor. On the resignation of B. Rama Rau, he was appointed as the interim Governor till H V R Iengar could take over.










* Refinance corporations are the institutions financially aiding the Bankrupt companies unable to meet their existing obligations. This is usually to change the terms of the loan i.e.; to reduce the interest rates and to extend the maturity period.

*Decimal coinage is an age of decimalisation i.e.; converting a currency from its previous non-decimal denomination to a decimal system, i.e., a system based on one basic unit of currency and one or more sub-units, such that the number of sub-units in one basic unit is a power of 10, most commonly 100.

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