Essay on indian currency

The Reserve Bank of India: The Indian currency is called the Indian Rupee, and the coins are called the paise. One Indian Rupee is made up of paise. Paper money comes in allotments of Rs.

Essay on indian currency

Pinterest An East India Company grandee. Jahangir, who had a taste for exotica and wild beasts, welcomed Sir Thomas Roe with the same enthusiasm he had shown for the arrival of the first turkey in India, and questioned Roe closely on the distant, foggy island he came from, and the strange things that went on there.

For the committee who planned the House of Commons paintings, this marked the beginning of British engagement with India: Yet, in reality, British relations with India began not with diplomacy and the meeting of envoys, but with trade.

On 24 September,80 merchants and adventurers met at the Founders Hall in the City of London and agreed to petition Queen Elizabeth I to start up a company.

The charter authorised the setting up of what was then a radical new type of business: The first chartered joint-stock company was the Muscovy Company, which received its charter in The East India Company was founded 44 years later. Hawkins, a bibulous sea dog, made his way to Agra, where he accepted a wife offered to him by the emperor, and brought her back to England.

This was a version of history the House of Commons hanging committee chose to forget. The rapid rise of the East India Company was made possible by the catastrophically rapid decline of the Mughals during the 18th century.

As late aswhen Clive was only 14 years old, the Mughals still ruled a vast empire that stretched from Kabul to Madras. But in that year, the Persian adventurer Nadir Shah descended the Khyber Pass withof his cavalry and defeated a Mughal army of 1.

Three months later, Nadir Shah returned to Persia carrying the pick of the treasures the Mughal empire had amassed in its years of conquest: This haul was many times more valuable than that later extracted by Clive from the peripheral province of Bengal.

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The destruction of Mughal power by Nadir Shah, and his removal of the funds that had financed it, quickly led to the disintegration of the empire.

That same year, the French Compagnie des Indes began minting its own coins, and soon, without anyone to stop them, both the French and the English were drilling their own sepoys and militarising their operations.

Before long the EIC was straddling the globe. Almost single-handedly, it reversed the balance of trade, which from Roman times on had led to a continual drain of western bullion eastwards.

The EIC ferried opium to China, and in due course fought the opium wars in order to seize an offshore base at Hong Kong and safeguard its profitable monopoly in narcotics.

To the west it shipped Chinese tea to Massachusetts, where its dumping in Boston harbour triggered the American war of independence. Bywhen the EIC captured the Mughal capital of Delhi, it had trained up a private security force of aroundtwice the size of the British army — and marshalled more firepower than any nation state in Asia.

Yet, like more recent mega-corporations, the EIC proved at once hugely powerful and oddly vulnerable to economic uncertainty.

When knowledge of this became public, 30 banks collapsed like dominoes across Europe, bringing trade to a standstill. In a scene that seems horribly familiar to us today, this hyper-aggressive corporation had to come clean and ask for a massive government bailout.

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A comprehensive study of the beadwork of the Crow Indian Nation from to contemporary times. Between and Dr. Robert H. Lowie made repeated visits . RBI intervention in currency markets is solely to deliver low volatility in the exchange rates, and not to take a view on the rate or direction of the Indian rupee in relation to other currencies.

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Essay on indian currency

In India, it is found in most parts of .

National Animal of India (Royal Bengal Tiger) - An Essay