Rajan for inclusion of financial literacy in school syllabus

Reserve Bank Governor Raghuram Rajan today proposed inclusion of financial literacy in school curriculum.
Rajan, who arrived here yesterday on a two-day visit, also praised the growth of Madhya Pradesh after calling on Chief Minister Shivraj Singh Chouhan at his official residence here, an official spokesperson said.
Chouhan said the rating of states should be done on the basis of their financial position, the spokesperson added.
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Answering a query about Bhopal, which is his birth place, Rajan told reporters, "I have been through the railway station many times. This is the first time I am in the city. It is very beautiful, especially with all the lakes and trees. I look forward to spending more time here in future".

The governor is visiting the state capital to discuss local operations of RBI, familiarise himself with the working of Regional Rural Banks in the region and understand local opportunities and challenges.

During the visit, he also interacted with the families of Reserve Bank's employees, RBI Spokesperson Alpana Killawala said.
During his meeting with Chouhan, issues like low level of credit deposit ratio in Madhya Pradesh as compared to other states, quantum of refinance for the agricultural loans given by district central cooperative banks (DCCBs), relaxing the norms of SLR applicable on DCCBs and perceived shortage of banknotes in the state were discussed, she said.

Other issues discussed included the support of state government in recovery of bad loans, improvement in the working of DCCBs, amending certain provisions of MP State Cooperative Act and promoting financial literacy in the state, she added.