The bank related tasks of the State Government will now be conducted through the Reserve Bank of India, Dehradun. Chief Minister Trivendra Singh Rawat inaugurated this facility at the Secretariat on Tuesday to replace the existing system under which all the banking related works of the Uttarakhand State Government used to be done through the Reserve Bank of India branch at Kanpur in neighbouring State of Uttar Pradesh.
Addressing officials on the occasion, the Chief Minister said that opening of a banking office in Dehradun for the government’s bank related works is an important development. This will enhance the convenience in the state government’s financial and banking works. It will also bringing about a rise in the pace of economic progress in the State, added Rawat.
Speaking on the occasion, the State Finance Minister Prakash Pant said that this development will also help establish better coordination between the State Government and the RBI. Since the creation of Uttarakhand State in the year 2000, there has been a four-fold increase in the banking services in the state. The State Government is consistently attempting to maintain economic balance, he added.
The RBI principal chief general manager S Ramaswamy assured that the RBI would provide full cooperation in the development of the state. He said that due to the bank’s Department of Government accounts being situated in the State, it will be possible to work with improved coordination among treasuries, sub-treasuries, agency banks and RBI, he added.
On the occasion, the Chief Minister also released the RBI’s information booklet on Uttarakhand Government banking business. Finance secretary Amit Negi, RBI Dehradun General Manager Subrat Das and other bank officials were also present on the occasion.