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Why this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding ....
RBI issues guidelines for DCCBs amalgamation; State approval must RBI & NABARD to jointly vet the merger proposal In a notification, which is sure to disturb a large chunk of co-op banks in the country, RBI has issued guidelines for the process of amalgamation of the DCCBs with the State Co-op Banks on Monday. Paraphrasing its notification with the words that RBI is doing so due to request from several state governments, the apex bank has made it mandatory on the part of the state govt to make a proposal/request for the amalgamation, meaning thereby co-op banks on their own cannot do so. However, two DCCBs (without the involvement of state co-op bank) can also decide to amalgamate and ask the state govt to put a proposal on their behalf before the RBI. ....
Sah Bharati sends Resolutions to FM; seeks broad-based Committee Robust national policy will make India 5 trillion-dollar economy: Sah Bharati Sahakar Bharati has submitted the Resolutions to the Union Finance Minister Nirmala Sitharaman, which was drafted in the National Conclave of DCCBs held under the aegis of Co-operative Development Forum (CDF) in March at the NCUI headquarters. The resolution requests the Minister to set up a broad-based Committee of representatives of GOI, State Governments, NITI Aayog, RBI, NABARD, Federal Cooperatives and Co-operators to define the Roles of Co-operative Financial Institutions, particularly, PACs, DCCBs and State Co-op Banks. Resolution which was unanimously adopted requested the Union Finance Minister that a National Policy be formulated to define the Roles of Co-operative Financial Institutions, particularly, PACs, DCCBs and State Co-op Banks to achieve rapid, equitable and sustainable growth of the Rural and Agricultur ....
CDF will help India grow into 5 trillion-dollar economy: Prabhu indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.