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REFERENCE MATERIALS
- National Education Policy 2020
Ministry of Human Resource Development
Government of India - Some Inputs for Draft National Education Policy 2016
Ministry of Human Resource Development
Government of India - CENSUS OF INDIA 2011 General Data
- CENSUS OF INDIA 2011 DATA ON DISABILITY
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Copyright © 2020
M. S. Thirumalai
Publisher: M. S. Thirumalai, Ph.D.
11249 Oregon Circle
Bloomington, MN 55438
USA
Introducing a Book:
The History of Banking Authored by K. Connors
M. S. Thirumalai, Ph.D.
Courtesy:
https://www.amazon.com
Even in 1940s, many rural parts in India practiced barter to pay wages to agricultural labour. Currency, both coins and paper notes, was not widely prevalent. The practice of using coins and currency common to all the parts of India were not available. With so many independent kingdoms, common coins and currency could not emerge and last all over the India During the Mughal period, silver coins seemed to have been introduced and used. Ancient and medieval literature spoke about wealth, well above granary. Gold and Silver seem to have been an important manifestation of wealth. At the same time, studies do not show explicitly banking activities. Even now, the government continues to encourage people to do banking to save their money. Government wages are all paid through the banking services. Gifts given to the people during the festivals by almost every state government as part of their promises made in their election manifestos are all distributed through banking service. Slowly and steadily banking is becoming an integral part of every Indian’s life in recent times.
The History of Banking by K. Connors presents the history of banking in Western nations. The book presents not only the history of banking but also the complexity of banking industry as it evolved. The author begins with a short description or definition, “A bank is an institution established solely for the safekeeping of currencies, provision of credit facilities and the regulation and redistribution of nation’s money reserves.” (Introduction) The author points out that the concept of banking started in northern Italy to Rome in 15th and 16th centuries.
M. S. Thirumalai, Ph.D.
msthirumalai2@gmail.com
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