Tuesday, January 22, 2013

Indian Government Pushes Banks to Go Rural, But Will it Pay?

........New Delhi plans to directly transfer cash payments for subsidies into these accounts, a move aimed at tackling graft in India’s creaky, corruption-ridden public distribution system. If successful, the initiative could also bring modern banking to the doorstep of rural India, a goal towards which progress has so far been fitful despite mandatory targets set by the government and Reserve Bank of India.........

No comments: