A STUDY ON VALUABLE CONTRIBUTION OF DR. BABASAHEB AMBEDKAR IN THE FINANCIAL SYSTEM OF INDIA

Dr. B.R. Ambedkar made significant contributions to India's financial system through his research, writings, and political actions. His thesis, "The Problem of the Rupee," analyzed the Indian monetary system and advocated for a consistent currency policy, including the establishment of a central bank. His recommendations influenced the formation of the Reserve Bank of India (RBI) in 1935. Additionally, his work on public finance and his role as Law Minister led to the establishment of the Finance Commission of India in 1951. This research paper makes an attempt to refer the historical achievements registered by Dr. B. R. Ambedkar as a strong pillar of the Indian financial system.