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It regulates money supply and credit in the country. The RBI carries out India's monetary policy and exercises supervision and control over banks and non- banking finance companies in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934.
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In economics, shock therapy is the sudden release of price and currency controls (economic liberalization), withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets.
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QES indicates increase in Employment: The estimated total employment in the nine selected sectors in the round of QES July-September, 2021 came out as 3.10 crore approximately, which is 2 lakhs higher than the estimated employment (3.08 crore) from the first round of QES (April-June, 2021).
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Aseem Mahajan 4 years, 5 months ago
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