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Why does the Reserve Bank of India not issue huge sums of money to eradicate poverty?
Wiki User
∙ 13y ago
Most Governments are always trying to invest in poverty but money is very limited so they usually can't issue enough money.
The government gets money from taxes, some services, and printing money and other things. They can't print out billions of dollars and just issue it all to the poor, it will just cause a huge inflation in the currency and make the currency worthless.
The best way to combat poverty is to donate to trusted groups that specialize in helping the poor. Money, food, toys, clothes and many more things are usually accepted as donations.
Wiki User
∙ 12y ago
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Ministry of Finance
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a. u.s.a
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No
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Reserve Bank of India (RBI)
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poverty is a serious issue to people. when a person is hungry he/she will not live a healthy life and won't be happy. so his personal empowerment is down altogether
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It is a social issue, as poverty is something that is created by society.
Where is reserve bank of India?
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: "...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." RBI is in nearly all major cities...please visit website rbi.org for details
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yes, for a bonus issue
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People starving is an issue regardless of where it might occur.
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Yes
Who did the Indian civil right act of 1968 recognized native America issue but did not address ongoing problems with?
poverty :) - apex
Is the issue of poverty alleviation a scientific or a moral one?
moral
Can revaluation reserve be use for bonus issue?
Yes it can use any of the capital reserves for the purpose, like Share Premium Account, Capital Redemption Reserve & Revaluation Reserve...
