Reserve Bank of India on 8 November 2016. Earlier 1000 notes have been discarded by RBI. Reserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations. As banker's bank, the RBI facilitates the clearing of cheques between the commercial banks and helps the inter-bank transfer of funds. It can grant financial accommodation to schedule banks. It acts as the lender of the
The Sunday Guardian The Sunday Guardian The Sunday Guardian is an independent Sunday newspaper, founded by journalist M. J. Akbar, and currently owned by iTV Network. It was launched on 31 January 2010 from New Delhi and is printed in New Delhi, Mumbai and Chandigarh. The 40-page newspaper is divided into two sections of 20 pages each: "The Sunday Guardian" and "Guardian 20". Together, they offer a mix of news, investigation, opinion, entertainment, lifestyle and issues of human interest. The newspaper is now a part of iTV Network, which also runs the India News and NewsX channels. It was the first to report