Sunday, 4 December, 2022
TopicCooperative banks

Topic: cooperative banks

Not just national security or politics, Amit Shah has a new obsession—the ‘sahakari kshetra’

Modi govt, which is accused of helping capitalists, wants to make the cooperative sector the backbone of governance. And Amit Shah is leading the way.

What are cooperatives & how a new ministry set up amid Modi govt reshuffle will help

The new Ministry of Cooperation, the govt has said, will provide a separate administrative, legal and policy framework to strengthen the cooperative movement in the country.

Parliament passes bill to bring co-operative banks under RBI supervision

Speaking in the Rajya Sabha, Nirmala Sitharaman said the amendment is to protect depositors' interest and is only for cooperative societies engaged in banking activities.

Lok Sabha passes Bill giving RBI more power over co-op banks, to avoid PMC Bank-like situation

Finance Minister Nirmala Sitharaman said the Bill would protect depositors, but some opposition parties said the legislation would infringe on state powers.

Govt introduces bill in Lok Sabha to bring cooperative banks under RBI supervision

Opposition members opposed the introduction of the Banking Regulation (Amendment) Bill, accusing the Centre of encroaching on the rights of states.

Existence of cooperative banks should be preserved, Sharad Pawar writes to PM Modi

NCP chief Pawar also sought to debunk the notion that cooperative banks are faring worse than other banks, and called them the backbone of India's rural economy.

Why a Modi govt ordinance looks like Operation Kamal to Uddhav’s alliance in Maharashtra

The Reserve Bank’s oversight of the cooperative banks gives the ruling party at the Centre a huge advantage in Maharashtra.

How Modi govt’s ordinance on cooperative banks can prevent PMC-like scams, protect depositors

There have always been questions over who controls cooperative banks in India, states or the Centre. The ordinance empowers RBI to intervene in failing banks.

Over 1500 cooperative banks to be brought under RBI supervision

The govt decision assumes significance amid lakhs of depositors facing problems after a scam in the multi-state Punjab and Maharashtra Cooperative Banks.

On Camera

YourTurn

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

Navy chief Admiral Hari Kumar addressing a press conference on the eve of Navy Day | ANI

Indian Navy puts on hold plans to build IAC 2, but is considering repeat order of Vikrant

At his annual press conference, Navy chief Admiral Hari Kumar also said they'll soon take a call on whether they'll go in for marine version of Rafale fighters or F/A 18 Super Hornets.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.