“Governments have urged public sector banks to take up financial inclusion as a top priority and several initiatives have been taken to take banking to the door steps of the rural households. The lack of a well-developed banking system with sufficient penetration in rural areas could be a major reason for people to invest their savings in gold coins and jewellery. But the introduction of Aadhaar (universal identification system), and linking payment of subsidies through Aadhaar linked bank accounts could in course of time force people to think of alternatives to investing in gold, if they are found to be providing risk free returns.”
Related posts:
How Many Muslims in the World? How Many Muslim Terrorists?
As Predicted, Third Way Surges to Fore in Middle East
Trump's imaginary immigration problem
Forced Separation of Children: an American Tradition
ISIS: Made in Washington, Riyadh – and Tel Aviv
Repealing the Anti-gun ObamaCare Law
Ron Paul: Attack Venezuela? Trump Can't be Serious!
Glenn Greenwald: The crux of the NSA story in one phrase: 'collect it all'
Facial Recognition Toll Booths Identify Drivers And Passengers, Notify Police In Seconds
Trump's Space Force is — sadly — an extension of existing national security strategy
Merchants of Death: America’s Toxic Cult of Violence Turns Deadly
Bill Bonner: Who Sanctions America?
Cyprus: Cause They Can
Whole Foods Co-CEO: Unintended Consequences in Health-Care Law
Case Against Kim Dotcom Copyright Infringement Continues to Weaken