The new RBI governor, Mr. Raghuram Rajan says protecting money and attaining low and stable inflation remain the two most crucial objectives. He said that Unique Identification number – Aadhar will be a foundation for building individual credit history. He has also promised to improve access to financial services in rural and remote areas. Mr. Rajan said that the inflation savings certificates based on Consumer Price Index will be issued by 13th November. He said that SEBI will gradually open Indian markets and continue on the path of liberalization. Mr. Rajan said that some of his actions will not be popular.He said that RBI will also work to get Banks and mobile companies to cooperate in rolling out mobile payments.
News On AIR | September 4, 2013 8:47 PM
Rajan says, protecting money & attaining low and stable inflation remain 2 most crucial objectives