Thursday, June 12, 2014

How Raghuram Rajan Helped Me Have Better Biryani

.............Thanks to the new rules, I can concentrate on making people around me "moneywise". Wondering what’s the connection? A month ago, I had promised my cook that I would help her open a savings bank account and a Public Provident Pund (PPF) account so that she could earn better returns on her savings. A happy cook is the most valuable asset for any work from home mom you see! Armed with her documents such as voter ID, Aadhaar card et al, I visited the bank close to my house. "Sorry madam, her bank account can’t be opened until there is a proof of current address," said the bank manager, thereby destroying my hopes of having a happy cook. Being a migrant worker from a village in Maharashtra, she doesn't have a registered house agreement or lease agreement as valid proof. Now thanks to the RBI, I will have a cook with better savings, and a husband with better meals! Thank you, Mr Rajan!

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