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Tag: Nirmala Sitharaman

Saha Bharati requests FM Nirmala Sitharaman to intervene in PMC Bank Amalgamation
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Saha Bharati requests FM Nirmala Sitharaman to intervene in PMC Bank Amalgamation

Citing the unbelievable hardships faced by the Depositors of the PMC Bank in past years and more, Sahakar Bharati has requested Finance Minister Nirmala Sitharaman to intervene in the PMC Bank Amalgamation to improve the Scheme of Amalgamation. In a letter sent to the Finance Minister on 3rd January 2022, the Sahakar Bharati states that unfortunately, the fraud which was going on for over 5 years remained undetected till it was brought to the notice of RBI by an employee of the PMC Bank. The fraudsters have cheated the Depositors. Hence, an Out of Box Solution is necessary to mitigate the hardships of thousands of Depositors. Hence, the intervention of the Finance Minister is absolutely necessary for larger public interests. The Saha Bharati letter says that the Depositors have express...
Sahakar Bharati welcomes RBI in-principle nod for Centrum: Huge relief to PMC Bank depositors
Latest Updates, Press Statements

Sahakar Bharati welcomes RBI in-principle nod for Centrum: Huge relief to PMC Bank depositors

Lauding the step of RBI to grant "In-principle" approval to Centrum Financial Services Limited to set up a Small Finance Bank, Sahakar Bharati has thanked Finance Minister Nirmala Sitaraman and the Apex Bank for this timely decision which raises hopes of hapless depositors of PMC Bank. Sahakar Bharati National General Secretary Dr Uday Joshi called it "A Welcome Relief to PMC Depositors". Sahakar Bharati has also expressed Special Thanks to Hon Nirmala Sitharaman & FM, Shri Shaktikanta Das, Governor, RBI. Joshi commented that constant follow up and efforts of several Organisations of PMC Depositors and Sahakar Bharati has at last materialised. This "in-principle" approval has been accorded in specific pursuance to Centrum Financial Services Limited's offer dated February 1, 2...
Resolutions

National Executive Committee Resolution: Appreciation of efforts made by PM Narendra Modi ji and FM Nirmala Sitharaman ji

Resolution No 1 of the Executive Committee Meeting dated 27th and 28th February 2021 held at NCUI, Delhi. Sub: Appreciation of efforts made by the Hon'ble Prime Minister, Shri Narendra Modi ji and Union Finance Minister, Hon'ble Nirmala Sitharaman ji for their encouraging steps for the Co-op Sector. National Executive Committee of Sahakar Bharati resolves to extend heartfelt gratitude and appreciates Hon PM Shri Narendra Modi ji & Union Finance Minister, Smt Nirmala Sitharaman ji for their supportive steps to boost and encourage the Coop Sector. "It is resolved that, Increase in Deposit Insurance Coverage from Rs 1 Lakh to Rs 5 Lakhs. Reduction of Income Tax rates for Coops from 30% to 22% U/S 115 BAD of the IT Act. Amendments in the Banking Resolution Act to strength...