Liberalize Banking Sector in India

Research Paper (postgraduate) from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, , language: English, abstract: Liberalize the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts.

To give every citizen above the age of 15 years a bank savings account

* To make any nation fully digital and to usher in 100% e-governance.

* To expand Banking to the ultimate level so that many State and Central Government departments can be integrated in the banking system to cut the present government size and non plan expenditure to 1/3 level.

*To make the banking as intermediary between the Government and people

*To integrate the Government and governance in the banking system vertically and horizontally

*To know up to date bank profits at any time and to avoid nonperforming assets

* To make money supply automatically expands or contracts in the banking system according to demand for money, growth rate and population growth.

*To achieve zero deficit fiscal and revenue budget

* To make budget preparation simple and easy.

* To eliminate black money and corruption

* To make every bank branch an E-seva center.

* To streamline the PDS to keep subsidies out of the reach of the rich

*To streamline agriculture subsidies to stop farmer suicides and keep subsidies out of the reach of rich farmers, high income group people, industrialists, contractors, political leaders and business people.

* To stop illegal migration effectively and permanently.

* To control unemployment, provide social security to all, and stop child labour.

* To get the updated population figures at every day.

* To provide health care and the highest quality education to all people alike

* To enforce land ceiling act in totality.

* To achieve 100% food security, energy security and national security

* To help people get passports, birth certificates, death certificates, loans, monthly rations, pensions, natural calamity compensations instantly at any bank branch.

* To prepare and supply electoral rolls for the election commission and help it conduct one day polling in single phase for general elections

* To make India one fully open market without any check posts