Banking Expanded to the Ultimate Level

Abstract

Banking is expanded 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.Purpose of this new banking structure* To establish a bank branch at every village or colony having population of 2500. Each bank will handle approximately 2000 accounts.* To make the banking as intermediary between the Government and people.* To give every citizen above age of 15 years a bank savings account.* To integrate the Government and governance in the banking system vertically and horizontally.* To make the banking as intermediary between the Government and people.* 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 construct totally toll free highways, express ways and high level railway tracks.* 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 general elections in single phase on one day.* To make India one fully open market without any check posts.