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Rs 14,000 cr deposited in Jan Dhan accounts, says PM
April 02, 2015
Prime Minister Narendra Modi asks the RBI to prepare a 20-year road map for financial inclusion. Modi says as much as Rs 14,000 crore was deposited in Jan Dhan accounts.
Speaking at the Financial Inclusion Conference of the Reserve Bank of
India in Mumbai, Modi also said that he will meet RBI Governor Raghuram
Rajan once in every two months.
Union Finance Minister Arun Jaitley was also present at the conference.
Addressing the conference, Jaitley said the government would restore the credibility of decision-making, while easing processes and making India`s tax structure non-adversarial.
The comments reiterate the government's promises to make India more business- and investor-friendly.
Differences have emerged between the Reserve Bank and the Finance
Ministry over the structure of a committee that will set interest rates
and take monetary policy decisions - instead of the central banks
Governor - even as the two sides downplayed reports of friction over the
biggest regulatory shakeup in its 80-year-old history.
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