Reserve Bank of India Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of India Act, 1934". The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important
Central Organising Committee, Communist Party of India (Marxist–Leninist) Chopra, broke away and joined the T. Nagi Reddy group. In 1979 what remained of Sharma's COC, CPI(ML) suffered yet another split, as some party leaders in Punjab rejected his support for Deng Xiaoping in China and the Three Worlds Theory. In 1982 M. Appalasuri's COC, CPI(ML) faction merged with Bhowani Roy Chowdhury's West Bengal-based CPI(ML) Unity Organisation, forming the Communist Party of India (Marxist-Leninist) Party Unity. Central Organising Committee, Communist Party of India (Marxist–Leninist) Central Organising Committee, Communist Party of India (Marxist–Leninist) (abbreviated COC, CPI(ML)) was a communist party in India, one of the main splinter factions of the