Start learning 50% faster. Sign in now
S. 20. Obligation of the Bank to transact Government business. S. 21. Bank to have the right to transact Government business in India. S. 21. Bank to have the right to transact Government business in India. (1) The Central Government shall entrust the Bank, on such conditions as may be agreed upon, with all [its] money, remittance, exchange and banking transactions in India, and, in particular, shall deposit free of interest all [its] cash balances with the Bank: Provided that nothing in this sub-section shall prevent the [Central Government] from carrying on money transactions at places where the Bank has no branches or agencies, and the [Central Government] may hold at such places such balances as [it] may require. (2) The [Central Government] shall entrust the Bank, on such conditions as may be agreed upon, with the management of the public debt and with the issue of any new loans. (3) In the event of any failure to reach agreement on the conditions referred to in this section the [Central Government] shall decide what the conditions shall be. (4) Any agreement made under this section shall be laid, as soon as may be after it is made, before Parliament.
Which British official was responsible for the fatal attack on Lala Lajpat Rai?
Which river is the only natural water source that drains into a lake in the desert?
In which year, the British defeated the Marathas in Rohilkhand?
In which state of India, the ‘Cherchera Festival’ has been celebrated on the full moon night of the 'Paush' Hindu calendar month.
"Nua Khai - a harvest festival" is mainly celebrated in which state in India?
What thematic equity scheme did Kotak Mutual Fund launch?
Imphal is the capital of which state?
What is the value of the contract signed by the Ministry of Defence with Advanced Weapon Equipment India Limited (AWEIL) for remote control guns?
What is the target year for the Open Acreage Licensing Policy (OALP) to achieve its objectives?
In the recent Commonwealth Games held in Birmingham, Saurav Ghosal bagged the bronze medal in the event for____?