WHY RBI GOVERNOR RAGHURAM RAJAN PLAYING DOUBLE STANDARD GAME;FOR PRIVATE BANK MANAGING DIRECTOR AND CHAIRMAN RETIREMENT AGE 70 WHEREAS PSU BANK CHIEFS RETIREMENT IS 60;PERHAPS HE INTRODUCED AMERICAN SYSTEM HERE,BUT HAS HE EVER STUDY THE SOCIO-ECONOMIC CONDITION OF INDIAN PEOPLE:IS HE GOVERNMENT OR HE FOLLOWED THE FOOT STEPS OF HIS PREDECESSOR C.RANGRAJAN: NOW IT IS UP TO GOVERNMENT TO DECIDE AND ACT ACCORDINGLY: FEW WORDS ABOUT PRADHAN MANTRI DHAN JAN YOJANA AND COMMENT ON REPORT OF RESERVE BANK OF INDIA;PLEASE COMMENT:KOLKATA, SEPT 19: The Reserve Bank today warned the banks to be more careful while opening accounts under the Jan Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs. 1 lakh insurance cover. “There are some caveats when the banks are implementing the financial inclusion scheme under the recently launched Jan Dhan programme,” RBI Executive Director P Vijay Bhaskar said at a CII seminar here today. He said people could open accounts in different banks using different identity documents like PAN card, Aadhar among others in the lure of getting insurance cover of Rs. 1 lakh from all the banks. The banks should have a single information sharing system by which this possible misuse could be stopped. Another possible threat was ‘smurfing’, the RBI official said. In this case, hawala operators would split the whole amount into several small units beyond the threshold using several bank accounts and send money overseas. The last was ‘money mules’ by which an individual would operate through another person’s bank account. Talking about the north—eastern region, he said the SLBCs and the SLCCs should take steps to improve the credit—deposit ratio of the region as the CD ratio was much lower than the national average. Earlier this week, RBI Governor Raghuram Rajan had cautioned banks on the risks involved in just hunting for numbers with regards to Jan Dhan scheme, asking them not to compromise on core objectives of the programme. “When we roll out the scheme, we have to make sure it does not go off the track. The target is universality, not just speed and numbers,” Rajan had said. THE OTHER DAY C.RANGRAJAN, EX-GOVERNOR, RBI AND EX-GOVERNOR AP AND PM’S ECONOMIC ADVISER TOLD IN THE URBAN CITY PEOPLE WHO’S INCOME PER DAY RS 37.00 ARE NOT COMING UNDER BELOW PROVERTY LINE (BPL) THAT MEANS RICH,TO MY MIND RANGRAJAN A GREAT HIPOCRAT AND FRAUD AND THAT IS REASON WHY INDIA TODAY IS ONE OF THE POOR,FRAUD,SCAB,BRIBE,CHEAT AND CORRUPT NATION.BEING A MAN OF ECONOMICS PERHAPS NOT PROPERLY STUDIED ECONOMICS AND MIGHT HAVE PASSED THE EXAMINATION BY ADOPTING COPY.I AM ASKING ONE SIMPLE QUESTION IF HE IS AN HINDU,WHAT IS THE VALUE OF HIS PROPERTY? I AM NOT ASKING ABOUT HIS SALARY BUT HOW MUCH PENSION HE IS GETTING IF HIS PENSION PER DAY ABOVE RS.37.00 LET HIM RETURN THE BALANCE AND EXTRA MONEY TO GOVERNMENT. SIMILARLY DURING UPA GOVT.THEY EXEMPTED RS 71000 CORE LOAN ON FARMERS AND THERE WAS HUE AND CRY AND CRITICISM OF THE GOVERNMENT BUT THE CRITICS FOR GOT ONE THING THEY CONSTITUTE 75% OF POPULATION AND THEIR CONTRIBUTION TO INDIAN ECONOMIC MORE THAN 80%.NOW THE BANK OFFICERS ASSOCIATION AND BANK EMPLOYEES FEDERATION IN THIER REPORT TOLD MORE THAN RS FOUR LAKH CORES LOAN GIVEN TO FRAUD INDUSTRIES DECLARED NPA AND BAD DEBT FOR THAT WHO ARE RESPONSIBLE (SOME CORRUPT POLITICIANS,BUREAUCRATS,SENIOR BANK OFFICERS STARTING FROM GENERAL MANAGER TO CMD). THE JAN DHAN YOJANA IS A WONDERFUL SCHEME OF NARENDRA BHAI, PROVIDED THE ACCOUNT HOLDER MANAGE AND MAINTAIN THEIR ACCOUNT HONESTLY AND PROPERLY,IF THE ACCOUNT HOLDER MISUSE THE OVER DRAFT OF RS.5000.00 AND FAIL TO REPAY THE LOAN THEN THE PSU BANKS WILL BE SICK AND THE LIFE OF POOR PEOPLE WILL BE MISERABLY.TODAY WHY THE COOPERATIVE MOVEMENT INTRODUCED BY FATHER OF THE NATION MAHATMA GANDHI NOW FAILED THE REASON BEING THE MEMBERS/LOANEES FAILED TO CLEAR THE LOAN UNDER THE ADVISE OF THE CORRUPT OFFICERS.THEREFORE MY SINCERE ADVISE TO ACCOUNT HOLDERS TO MANAGEMENT AND MANTAIN THE ACCOUNT HONESTLY TO GET THE BENEFIT OF BOTH ACCIDENTAL BENEFIT OF RS.1 LAKH AND LIFE INSURANCE OF RS.30000.00.MY REQUEST TO NARENDRA BHAI TOMAKE PROVISION TOCOMPENSATE THE LOASS OF THE BANKS AND FOR HEAVEN SAKE NEVER ENCOURAGE THE FRAUD PRIVATE BANKS IN FUTURE OTHERWISE THERE WILL BE GREAT GAP BETWEEN RICH AND POOR AND POOR WILL SUFFER AND THERE WOULD BE ANY MEANING OF BANK NATIONALISATION DONE BY SMT INDIRA GANDHI IN THE YEAR 1969.FURTHER PLEASE STOP CORRUPTION,BRIBE,CHEATING AND FRAUD IN PUBLIC LIFE,DONOT BE REVENGEFUL RATHER WORK FOR THE DEVELOPMENT INDIA AND LEARN FROM OUR NEIGHBOUR CHINA HOW THEY DEVELOPED. BRAJA BANDHU BEHERA, BUREAU CHIEF: CORPORATE INDIA: BHUBANESWAR MOBILE 9437004660
Sep 21