Dr. B.R. Ambedkar’s Views on Problems and Solution of Indian Rupee: An Overview

Dr. Santosh Kumar

Abstract 

Given the role of money in an economy and prevalence of different monetary standard Dr. B.R. Ambedkar wrote a thesis titled ‘The Problems of Rupee: Its Origin and Solution’ for which he was awarded with D.Sc. (Economics) by London School of Economics in 1923. In his thesis he brought out clearly the problem that Indian rupee faced on account of different monetary standards in India and Britain. India was subjected to Silver standard while Britain followed at the same time Gold standard. He claims that British government attempted to introduce the Gold standard in India but they were never serious about it and rather they introduced Gold exchange standard fixing the value of rupee in terms of pound sterling where pound sterling was based on Gold standard system. However, the exchange ratio was manipulated through easy monetary policy by the British government to benefit Britain with greater amount of resource transfer from India to Britain and also ensuring that gold reserve does not rise in India. This process created long lasting adverse economic impact on India that has been continuing even today and it is visible through continuously depreciating exchange rate of India.

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Published: June 2025 [Vol. 08, No. 06]

Corporate Governance: Tyranny of Government: Anarchy of Governance

Dr. Hitesh N. Dave

Abstract 

Corporate governance refers to the structures, processes, and relationships that define how a corporation is controlled and directed. At its core, it establishes a framework based on established guidelines and principles aimed at ensuring that the corporation is managed effectively and ethically. These principles guide companies in achieving their objectives while operating within the constraints of their social, regulatory, and market environments. The ultimate goal of corporate governance is to ensure sustainable profit maximization, while also safeguarding the interests of all stakeholders—shareholders, employees, creditors, and the broader community. An essential aspect of corporate governance is the distribution of rights and responsibilities among the various participants involved in a company. These include the board of directors, managers, shareholders, auditors, and regulators, among others. The governance mechanism sets clear rules and procedures for decision-making processes, ensuring transparency, accountability, and fairness. However, the failure of government regulations and oversight mechanisms can severely undermine the effectiveness of these governance structures. When government agencies fail to provide adequate supervision or enforce regulations, it leads to mismanagement, corruption, and a lack of accountability within corporate entities. This paper examines the critical role of government in supporting corporate governance systems and explores the consequences of regulatory failure. By analyzing case studies of governance breakdowns, it underscores the importance of strong government institutions in maintaining corporate accountability and protecting the interests of all stakeholders involved.

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Published: June 2025 [Vol. 08, No. 06]