Explanation:

 A year into the Non-Cooperation Movement, Mahatma Gandhi announced the Tilak Swaraj Fund. The Fund, a homage to Bal Gangadhar Tilak on his first death anniversary, aimed at collecting Rs 1 crore to aid India’s freedom struggle and resistance to the British rule. A massive amount at the time, the skeptical were proved wrong when the money came in by the set deadline of June 30. Of the collected amount, Rs 37.5 lakh was donated by Bombay, which led him to refer to the city as “Bombay the Beautiful”