{"id":23714,"date":"2022-02-14T22:54:28","date_gmt":"2022-02-14T17:24:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/mh-pawar-rbi\/"},"modified":"2022-02-15T07:50:21","modified_gmt":"2022-02-15T02:20:21","slug":"mh-pawar-rbi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mh-pawar-rbi\/","title":{"rendered":"RBI&#8217;s decisions raising concerns about future of cooperative movement: Sharad Pawar"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2185945721\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       Mumbai, Feb 14 (PTI) NCP chief Sharad Pawar on Monday said the RBI&#8217;s recent decisions regarding cooperative institutions like district banks are raising concerns about the future of the cooperative movement.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3288019117\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        Addressing an event at Rabale in neighbouring Navi Mumbai, the former Union agriculture minister said that \u201cunfortunately\u201d the viewpoint of the country&#8217;s apex bank towards cooperative institutions \u201cis a bit strange\u201d.<\/p>\n<p>                Pawar made the remarks after inaugurating the administrative office of a credit cooperative society.<\/p>\n<p>                The NCP patriarch did not specify the exact decisions of the Reserve Bank of India (RBI) during his speech.<\/p><div class=\"trade-content_5\" id=\"trade-4087930863\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>                The Nationalist Congress Party, which mainly draws its political power from the cooperative sector in western Maharashtra, has been opposing the supervision of cooperative banks by the RBI since the changes were made to The Banking Regulation Act approved by Parliament in September 2020.<\/p>\n<p>                As per the amended law, the RBI can supersede the board of directors of cooperative banks after consultations with the concerned state government.<\/p>\n<p>                \u201cUnfortunately, the viewpoint of the country&#8217;s largest bank, the RBI, towards cooperative institutions is a bit &#8216;chamtkarik&#8217; (strange). Hence, it seems one does not get justice there (at the level of the RBI).<\/p>\n<p>                \u201cThe decisions the RBI took in the recent past about credit cooperative societies, district banks, cause concerns about the future of the cooperative movement,\u201d he added.<\/p>\n<p>                Pawar said he has been raising this issue before the Centre and in Parliament.<\/p>\n<p>                \u201cBut still there is no improvement in the situation,\u201d the former Union minister added.<\/p><div class=\"trade-content-10\" id=\"trade-3421804219\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>                The NCP chief asked the attendees at the programme from the cooperative sector to prepare a note of the issues they are facing so that the same could be raised before Prime Minister Narendra Modi and Union Home Minister Amit Shah, who also heads the Cooperative ministry.<\/p>\n<p>                \u201cThe cooperative movement is strong in Maharashtra and Gujarat. And the cooperative ministry and the prime minister&#8217;s post both are in the hands of Gujarat. I will take you to them. Raise your issues before them. We will try to solve your problems,\u201d he said. PTI ENM NSK   NSK<\/p>\n<div class=\"trade-after-content\" id=\"trade-3047424903\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Feb 14 (PTI) NCP chief Sharad Pawar on Monday said the RBI&#8217;s recent decisions regarding cooperative institutions like district banks are raising concerns about the future of the cooperative movement. Addressing an event at Rabale in neighbouring Navi Mumbai, the former Union agriculture minister said that \u201cunfortunately\u201d the viewpoint of the country&#8217;s apex bank [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-23714","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI&#039;s decisions raising concerns about future of cooperative movement: Sharad Pawar - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/mh-pawar-rbi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI&#039;s decisions raising concerns about future of cooperative movement: Sharad Pawar\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Feb 14 (PTI) NCP chief Sharad Pawar on Monday said the RBI&#8217;s recent decisions regarding cooperative institutions like district banks are raising concerns about the future of the cooperative movement. 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