Economy of India and is also accepted as legal tender in neighbouring Nepal and Bhutan, both of which peg their currency to that of the Indian rupee. The rupee is divided into 100 paisas. The highest-denomination banknote is the 2,000 note; the lowest-denomination coin in circulation is the 50 paise coin. Since 30 June 2011, all denominations below 50 paise have ceased to be legal currency. India's monetary system is managed by the Reserve Bank of India (RBI), the country's central bank. Established on 1 April 1935 and nationalised in 1949, the RBI serves as the nation's monetary authority, regulator and supervisor of
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