In the older times, there were no safe authorities where people could store their money. That is the reason, most people hide their money under the earth or in other secret locations. As civilization developed, we saw changes happening everywhere. ...World Bank
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In the older times, there were no safe authorities where people could store their money. That is the reason, most people hide their money under the earth or in other secret locations. As civilization developed, we saw changes happening everywhere. In my opinion, comprehensive banking system is the major development by the people. Banks are financial institutes whose primary objective is to store money of people safely and to lend them when required.
The Maharashtra government and the World Bank are trying to put the past behind, and start afresh. In March this year, the bank had temporarily suspended the $150-m funding to the road and resettlement component of the Mumbai Urban Transport Project being implemented by the Mumbai Metropolitan Region Development Authority (MMRDA) for non-compliance of guidelines regarding resettlement of project affected persons (PAPs). The funding was resumed in June.
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