RBI no to Islamic banking, says laws need amendment
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Regarding financial inclusion, Subbarao said that having bank accounts alone does not guarantee inclusion. "Active use of the account and access to credit is also very important Even in big cities individuals with access to bank credit is low and most of the people depend on the unorganized sector for their short-term loan needs," he said. He also said that RBI planned to include financial literacy in the curriculum of primary schools and has prepared study materials for teaching the subject.
- Article 370 was honoured in the breach and the autonomy promised to J&K has been chipped away from time to time
- Violence against Dalits is not something that began in past two years as the tenor of debate in Parliament
- Arvind Kejriwal is uncomfortable with anyone with a mind of his own.
- Not just the Arunachal switch but the choice of Sheila Dikshit for the UP are warnings to the BJP
- Gujarat unrest shows while Dalit lives have improved, conflict has increased
- Zakir Naik is ‘protected’ as an Indian citizen but he considers himself a Muslim first