Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
A Study of Indian Economics

A Study of Indian Economics

Banerjea, Pramathanath

Paperback

General World History

Currently unavailable to order

ISBN10: 1152491334
ISBN13: 9781152491335
Publisher: General Books
Pages: 108
Weight: 0.37
Height: 0.25 Width: 9.01 Depth: 5.98
Language: English
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...Indian Mints should be thrown open to the unrestricted coinage of gold; (5) that the Mints should not be reopened to the free coinage of silver; (6) that, though the Government should continue to give rupees for gold, fresh rupees should not be coined until the proportion of gold in the currency was found to exceed the requirements of the public; and (7) that any profit on the coinage of rupees should not be credited to the revenue, or held as a portion of the ordinary balance of the Government of India, but should be kept in gold as a special reserve, entirely apart from the Paper Currency Eeserve and the ordinary Treasury balances. The Government of India approved of these Government's recommendations, and proceeded to give effect to reommendathem. In September, 1899, the sovereign was tionBdeclared legal tender, but the rupee also continued Not only will stability of exchange with the great eommeicial countries of the world tend to promote her existing trade, but also there is every reason to anticipate that with the growth of a confidence in a stable exchange, capital will be encouraged to flow freely into India for the further development of her great natural resources. For the speedy attainment of the object, it is eminently desirable that the Government of India should husband the resources at their command, exercise a resolute economy, and restrict the growth of the gold obligations.... 1 The Committee were not unanimous in regard to this rate. to be legal tender to an unlimited amount. In 1900, the then Finance Member to the Government of India announced in the Imperial Legislative Council that it had been decided to constitute a branch of the Eoyal Mint for the coinage of gold,1 but the scheme was dropped after nearing...

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