April 01

As British colonial rule in India evolved, the need for a centralized banking authority became clear. The Reserve Bank of India (RBI) Act of 1934 laid the groundwork for its creation. On April 1, 1935, the RBI officially began operations in Kolkata, taking over functions of the Controller of Currency. Its primary responsibilities included issuing currency, managing the country’s credit system, and serving as banker to the government. The establishment of the RBI marked a major step in India’s financial and economic autonomy. Over time, it played a key role in economic planning, monetary policy, and financial stability. Today, the RBI is central to India’s financial infrastructure, influencing growth and inflation control.

On April 1, 1976, Steve Jobs and Steve Wozniak formally establish Apple Computer, Inc. in Cupertino, California. With a vision to make computers accessible to individuals, they begin assembling the Apple I in a garage workshop. The fledgling company secures early orders and attracts attention from investors impressed by the duo's technical skill and business drive. Apple's founding marks a pivotal moment in the rise of the personal computer industry, challenging established giants. From humble beginnings, the company's innovative ethos paves the way for later breakthroughs like the Macintosh and the iPod.