when was the rbi taken over by the government
Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.[6] The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders.[7] Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.[8]
Supreme Court of India Judges used to be appointed by the president on the advice of the union cabinet. After 1993 (the Second Judges' Case), no minister, or even the executive collectively, can suggest any names to the president,[27][28] who ultimately decides on appointing them from a list of names recommended only by the collegium of the judiciary. Simultaneously, as held in that judgment, the executive was given the power to reject a recommended name. However, according to some,[who?] the executive has not been diligent in using this power to reject the names of bad candidates recommended by the judiciary.[29][30][31]
Securities and Exchange Board of India Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.
Agra Sh훮h Jah훮n later shifted the capital to Delhi during his reign, but his son Aurangzeb moved the capital back to Akbarab훮d, usurping his father and imprisoning him in the Fort there. Akbarab훮d remained the capital of India during the rule of Aurangzeb until he shifted it to Aurangabad in the Deccan in 1653.