News for 'Maharashtra Cooperative'

Tunisha death: Maha min calls it 'love jihad'; cops say affair broke in 3 mths

Tunisha death: Maha min calls it 'love jihad'; cops say affair broke in 3 mths

Rediff.com27 Dec 2022

Maharashtra Deputy Chief Minister Devendra Fadnavis had last week said the government would study laws on "love jihad" framed by other states and take an appropriate decision.

7 die of suffocation in fire at Mumbai residential building

7 die of suffocation in fire at Mumbai residential building

Rediff.com6 Oct 2023

Seven people, including two minors, were killed and over 40 injured after a fire swept through a residential building in Mumbai's Goregaon area in the early hours of Friday, a civic official said. Five of the injured are in a critical condition.

Can RBI Win The War On Inflation?

Can RBI Win The War On Inflation?

Rediff.com13 Sep 2023

'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'

Bombay HC quashes Eknath Shinde's stay on coop bank recruitment

Bombay HC quashes Eknath Shinde's stay on coop bank recruitment

Rediff.com17 Mar 2023

The Nagpur bench of the Bombay high court has quashed the decision of Maharashtra Chief Minister Eknath Shinde to stay the recruitment process of a co-operative bank, noting that the CM has no powers to review or modify the calls taken by the minister concerned.

Param Bir back in Mumbai, joins investigation in extortion case

Param Bir back in Mumbai, joins investigation in extortion case

Rediff.com25 Nov 2021

The IPS officer who is facing several extortion cases in Maharashtra had told news channels on Wednesday that he was in Chandigarh.

Praful Patel became MP just by filling out form: Sharad Pawar

Praful Patel became MP just by filling out form: Sharad Pawar

Rediff.com4 Jul 2023

Asked if the investigation by the Enforcement Directorate prompted some NCP leaders to join the BJP-Shiv Sena government, Pawar said he didn't have any information regarding this.

Not in touch with Ajit, Sharad Pawar did resignation drama, says Maha BJP chief

Not in touch with Ajit, Sharad Pawar did resignation drama, says Maha BJP chief

Rediff.com8 May 2023

The Bharatiya Janata Party never contacted Nationalist Congress Party leader Ajit Pawar and certain imaginary news is being spread, state BJP president Chandrashekhar Bawankule claimed on Monday.

Ex-MD of PMC Bank arrested; ED conducts raids

Ex-MD of PMC Bank arrested; ED conducts raids

Rediff.com4 Oct 2019

Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.

500,000 Homes, Worth Rs 4.48 Trillion, Stuck In 7 Metros

500,000 Homes, Worth Rs 4.48 Trillion, Stuck In 7 Metros

Rediff.com26 Sep 2022

The NCR and the MMR together account for 77 per cent of 10 big housing projects stuck because of developers' bankruptcy or litigation.

PMC scam fallout: Bank deposit insurance cover to be hiked

PMC scam fallout: Bank deposit insurance cover to be hiked

Rediff.com15 Nov 2019

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Rediff.com5 May 2023

The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.

4,500 resident doctors in Maharashtra call off strike

4,500 resident doctors in Maharashtra call off strike

Rediff.com3 Jul 2015

The doctors affiliated to Maharashtra Association of Resident Doctors on Friday withdrew their strike following an assurance from the government that their demands would be fulfilled.

Light at the end of the tunnel for PMC depositors?

Light at the end of the tunnel for PMC depositors?

Rediff.com26 Apr 2022

'The money is readily available to the depositors.'

Adani Group, Posco ink JV worth $5 billion

Adani Group, Posco ink JV worth $5 billion

Rediff.com13 Jan 2022

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's Posco to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement on Thursday, Adani Group said the investment under the MoU is estimated to be up to $5 billion.

Targeting one community, asks ex-Maha minister after ED raids

Targeting one community, asks ex-Maha minister after ED raids

Rediff.com11 Jan 2023

The raids are understood to be linked to a probe related to alleged irregularities in the operations of some sugar mills based in the state that are linked to Mushrif.

Was betrayed by my own: Thackeray to cabinet colleagues

Was betrayed by my own: Thackeray to cabinet colleagues

Rediff.com29 Jun 2022

"I also apologize if I have hurt anyone unintentionally," the official quoting Thackeray as saying.

Sitharaman asks banks, FIs to ensure customers nominate heirs

Sitharaman asks banks, FIs to ensure customers nominate heirs

Rediff.com5 Sep 2023

Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.

Fadnavis gets home, finance; BJP bags key portfolios in Maha cabinet

Fadnavis gets home, finance; BJP bags key portfolios in Maha cabinet

Rediff.com14 Aug 2022

Five days after the induction of 18 ministers into his cabinet, Maharashtra Chief Minister Eknath Shinde on Sunday allocated portfolios, keeping Urban Development and 11 other ministries with himself, while giving the crucial Home Department to Deputy CM Devendra Fadnavis.

Pawar calls on Modi; party says will never go with BJP

Pawar calls on Modi; party says will never go with BJP

Rediff.com17 Jul 2021

The Prime Minister's Office tweeted a picture of their meeting but shared no details about their talks.

Will PMC Bank depositors get their money?

Will PMC Bank depositors get their money?

Rediff.com9 Jul 2021

There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.

PMC scam: Withdrawal limit hiked to Rs 25,000

PMC scam: Withdrawal limit hiked to Rs 25,000

Rediff.com3 Oct 2019

With the above relaxation, more than 70 per cent of the depositors of the bank will be able to withdraw their entire account balance, the central bank said as most of its account holders have an average balance of just about Rs 10,000.

Not So Near, Yet Not So Far From BJP

Not So Near, Yet Not So Far From BJP

Rediff.com30 Aug 2023

Call it the art of staying rooted yet bending with prevailing political winds. With Telangana going to the polls in December, and assembly and Lok Sabha elections in Andhra and Odisha scheduled next year, what factors have influenced parties' recent moves?

Maharashtra eases up on contract labour norm, unions upset

Maharashtra eases up on contract labour norm, unions upset

Rediff.com18 Feb 2017

Units employing up to 49 workers are not required to list themselves with the government.

SC stays shifting of HDIL promoters from jail to home

SC stays shifting of HDIL promoters from jail to home

Rediff.com16 Jan 2020

A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of solicitor general Tushar Mehta that the high court order, to the extent of allowing their release from prison, needed to be stayed.

Probe needed to see if Sheezan Khan deceived more girls: Court

Probe needed to see if Sheezan Khan deceived more girls: Court

Rediff.com19 Jan 2023

Actor Sheezan Khan, who is in jail for allegedly abetting the suicide of co-actor Tunisha Sharma, had not cooperated during custodial interrogation, had deleted some WhatsApp chats and was also in a position to threaten material witnesses if released on bail, a court in Maharashtra's Palghar has said.

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Rediff.com5 Aug 2023

Edelweiss ARC, in a statement, denied that any undue pressure was brought to bear on Desai for loan recovery.

How to fix the PMC Bank crisis

How to fix the PMC Bank crisis

Rediff.com23 Oct 2019

'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.

Scam-hit PMC Bank invites EoI from potential investors

Scam-hit PMC Bank invites EoI from potential investors

Rediff.com3 Nov 2020

Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.

MVA allies kept in loop about Pawar-Modi meeting: NCP

MVA allies kept in loop about Pawar-Modi meeting: NCP

Rediff.com17 Jul 2021

NCP spokesperson and Maharashtra minister Nawab Malik said that AICC general secretary H K Patil was told about this scheduled meeting when he and other Congress leaders met Pawar in Mumbai recently.

Savarkar our idol, won't tolerate his insult, Uddhav reminds Rahul

Savarkar our idol, won't tolerate his insult, Uddhav reminds Rahul

Rediff.com26 Mar 2023

He said the Maha Vikas Aghadi alliance of three parties -- Sena-UBT, Congress and Nationalist Congress Party -- was formed to protect democracy and it was necessary to work unitedly for it.

Sharad Pawar hasn't yet relented: Praful Patel

Sharad Pawar hasn't yet relented: Praful Patel

Rediff.com3 May 2023

'If the situation arises, the committee will decide on Pawar's successor and the decision will be unanimous'

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Rediff.com31 Aug 2023

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.

Rs 6,000 cr scam accused may get Maha cabinet berth

Rs 6,000 cr scam accused may get Maha cabinet berth

Rediff.com10 Aug 2022

All the Shiv Sena rebels who had resigned as ministers of the previous MVA government to join the Shinde camp were inducted into the new cabinet on Tuesday.

No red tape but red carpet for investors in Maharashtra: CM

No red tape but red carpet for investors in Maharashtra: CM

Rediff.com30 Jun 2015

Fadnavis, currently on a visit to the US, invited American investments in the infrastructure, agro-processing and manufacturing sectors of his state.

In 100 days, Shinde govt reverses Uddhav's half dozen decisions

In 100 days, Shinde govt reverses Uddhav's half dozen decisions

Rediff.com23 Oct 2022

Notably, after coming to power in November 2019, the then MVA government scrapped certain policy decisions of its predecessor BJP-Shiv Sena government led by Fadnavis.

In-principle nod for 6 nuclear power reactors at Jaitapur

In-principle nod for 6 nuclear power reactors at Jaitapur

Rediff.com16 Dec 2021

In-principle approval has been accorded to a site in Maharashtra's Jaitapur for setting up six nuclear power reactors of 1,650 MW each in technical cooperation with France, the government said on Thursday.

ED arrests Eknath Khadse's son-in-law in money laundering case

ED arrests Eknath Khadse's son-in-law in money laundering case

Rediff.com7 Jul 2021

They said Chaudhary was arrested on Tuesday night after he was questioned at length in the case at the office of the central investigative agency in south Mumbai.

'Listen to Raj saheb's May 1 speech'

'Listen to Raj saheb's May 1 speech'

Rediff.com26 Apr 2022

'We don't feel that the law and order situation will turn bad because of our agitation.'

RBI scheme: PMC depositors to be paid over a period of 3-10 years

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Rediff.com22 Nov 2021

Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.