😳 WHY ❓❓❓
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Why can’t Reserve Bank of India print more currency notes, as per people’s need?
People deposit their savings in banks. Banks lend this money in the form of loan to wannabe entrepreneurs. Entrepreneurs invest them in their businesses. Business give salary to people and themselves earn money from customers. This earned money is income and it is again deposited in banks in the form of savings. Banks again lend the money… This is the money cycle and this is how the economy runs.
But few people who have unaccounted money which we call as black money. In other words money is earned but not deposited in banks and not accounted for tax purposes, so money cycle would be blocked. To overcome this, RBI established .
RBI follows Minimum Reserve System since 1956 of Rs. 200 crores in the form of gold coins, gold bullions and foreign currencies.
The Reserve Bank of India (Reserve Bank of India) can print more currency notes, but it cannot do so simply because people want more money. The main reason is inflation.
Imagine a village with:
100 bags of rice
₹10,000 total money
If the RBI suddenly prints another ₹10,000 without increasing rice production, people now have ₹20,000 chasing the same 100 bags of rice. Sellers will raise prices. Rice that cost ₹100 may now cost ₹200. So, printing more money does not create more goods and services.
GK TODAY
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Largest Desert in India is The Thar (Rajasthan)
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BORN TODAY 🐣💐
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• Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman.
* He is the chairman of Reliance Group (also known as Reliance ADA Group),
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Maharaja Krishnaraja Wadiyar IV (Nalwadi Krishnaraja Wadiyar; 4 June 1884 – 3 August 1940) was the twenty-fourth maharaja of the Kingdom of Mysore, from 1894 until his death in 1940.
At the time of his death, he was one of the world’s wealthiest men, with a personal fortune estimated in 1940 to be worth US$400 million, equivalent to $7 billion at 2018 prices.
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IDIOMS & PHRASES
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Don’t count your chickens before they hatch
Don’t count on something good happening until it’s happened.
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ANTONYMS
Dismal x Cheerful Bright
SYNONYMS
Excited – exhilarated,
🧬 HEALTH CARE: HOME REMEDIES 🩺
Immersing your feet in a tub of warm water , , is a nice way to relax after a long day. A foot soak soothes your muscles, hydrates your skin, and can relieve aches and pains due to standing for hours or walking in uncomfortable shoes.
You can add two teaspoons of epsom salt, and if you want, you can also add a few drops of essential oil for added relaxation. Dip your feet in this warm water for 10 to 15 minutes. Take a towel to dry your feet.
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Ms. Pooja, |
