INDIA-ECONOMY-POLITICS-BANKING
To go with India-economy-politics-banking,FOCUS by Penelope MACRAE
An Indian child plays outside a State Bank of India customer service point at Chajarasi village in Noida on August 22, 2014. New right-wing premier Narendra Modi has put India's drive to give bank accounts to all citizens on a war-footing to overcome abject poverty and tackle corruption, but experts say the task ahead is massive. In Western nations, bank branches are everywhere. But banking services in India leave out nearly half the 1.2 billion population, putting poor people at mercy of moneylenders who charge usurious interest for emergency loans for sickness or routine purchases such as buying seeds for sowing. AFP PHOTO/Prakash SINGH (Photo credit should read PRAKASH SINGH/AFP via Getty Images)
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454232618
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AFP
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22 August, 2014
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