It’s time the RBI let private banks take rural people into account.india Updated: Feb 28, 2013 23:22 IST
It’s time the RBI let private banks take rural people into account
This refers to the editorial Making India more bankable (February 26). With half the country’s population having no access to banking facilities, we definitely need more banks to cater to the requirements of our growing population. The penetration of banks in rural areas is must for the financial inclusion of people belonging to the low-income group. Therefore, the Banking Regulation (Amendment) Bill, which empowers the Reserve Bank of India to issue new bank licences, is a welcome step. However, the regulations imposed on setting up new banks though necessary should not be so cumbersome as to act as a detriment to genuine corporates wanting to enter the banking sector especially in rural areas. Kamal Sethi, Gurgaon
Sycophancy will not fetch votes
With reference to Rajdeep Sardesai’s article Trouble back home (Beyond The Bite, February 22), Sushilkumar Shin-de’s meteoric rise from a police sub-inspector in Maharashtra to Union home minister is yet another example of the prevailing culture of sycophancy with all its accompanying rewards in the Congress. His unruffled demeanour at the blast site in Hyderabad did little to reassure people. If the Congress wants to come back to power in 2014, it must send out a strong message to its party workers that developmental work and not sycophancy will garner votes.
Vijai Pant, Nainital
There’s a clear distinction
In his article Separating consent from exploitation (February 25), JVR Prasada Rao has rightly suggested that the government must think rationally over Justice JS Verma’s recommendations before tabling the Criminal Law (Ame-ndment) Bill in the ongoing budget session. The raid, rescue and rehabilitation model brings consenting sex workers and trafficked ones under the same am-bit. It’s time the government makes distinction between the two and shifts the blame from sex workers to traffickers.
Parinita Samanta, via email