Rajasthan's Leader of Opposition, Tika Ram Jully, has accused the state government of a 'double game' in the Adarsh Credit Cooperative Society scam, alleging a conflict of interest involving the Additional Advocate General.
The Shiv Sena-UBT-Maharashtra Navnirman Sena panel has lost all 21 seats in the election to the BEST Employees Cooperative Credit Society Ltd, a platform where the two parties came together, sparking buzz about a pan-Maharashtra alliance.
The Enforcement Directorate (ED) conducted raids across multiple cities in Maharashtra as part of a money laundering investigation against self-styled godman Ashok Kharat and his associates.
Self-styled godman Ashok Kharat, already facing rape charges, is now under investigation for opening over 130 accounts with cooperative credit societies and conducting transactions worth approximately Rs 63 crore.
Self-styled godman Ashok Kharat, already facing rape charges, is now under investigation for suspicious financial activities involving numerous accounts and large transactions.
Self-proclaimed godman Ashok Kharat, accused of portraying himself as Lord Shiva and using black magic to extort money from victims, has been arrested by the Enforcement Directorate.
The Enforcement Directorate (ED) has arrested self-styled godman Ashok Kharat, accusing him of systematic extortion and money laundering through a network of bank accounts. Kharat allegedly rotated over Rs 47 crore of ill-gotten money through 60 bank accounts, deceiving devotees by claiming divine powers.
NCP-SP MLA Rohit Pawar has raised concerns about the 2024 plane crash that killed Ajit Pawar, following allegations of a link between a self-styled godman and unusual financial transactions.
A special court has granted the Enforcement Directorate (ED) permission to arrest self-styled godman Ashok Kharat in connection with a Rs 70 crore money laundering case. Kharat, already facing rape and fraud charges, was produced before the Special PMLA Court on a production warrant from Nashik jail.
Police in Gonda, Uttar Pradesh, have registered a case against 69 former and serving officers and employees of an Indian Bank branch for allegedly embezzling nearly Rs 5 crore from a union account. The case was filed following a court order after the accused failed to return the embezzled funds despite an earlier undertaking.
Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.
Self-styled godman Ashok Kharat, already jailed for alleged rape and fraud, has been arrested by the Enforcement Directorate in connection with a Rs 70-crore money laundering case. The arrest follows court approval and is part of an ongoing investigation into a large-scale extortion racket.
The Union Budget for 2026-27 is expected to sketch out a road map for trebling the cooperative sector's contribution to the Indian economy over the next decade, with the aim of bringing 500 million people within its ambit, in line with the objectives of the National Cooperative Policy, 2025.
The Enforcement Directorate (ED) has approached a special PMLA court in Mumbai seeking a production warrant against Ashok Kharat, a self-styled godman and astrologer, in connection with a money laundering case linked to rape and fraud allegations.
The Enforcement Directorate (ED) has requested a special PMLA court in Mumbai to issue a production warrant against Ashok Kharat, a self-styled godman-cum-astrologer, who is accused of rape and fraud and is currently in police custody in Nashik district, in connection with a money laundering case.
The CBI has arrested two alleged masterminds from Mumbai in connection with the Rs 800 crore LUCC chitfund scam in Uttarakhand, where over one lakh investors were reportedly defrauded.
The sister of NCP leader Rupali Chakankar is being questioned in connection with the alleged use of her bank account by arrested self-styled godman Ashok Kharat, who is accused of financial irregularities and land grabbing.
The CBI has filed three chargesheets against former Karnataka minister B Nagendra and his associate Nekkanti Nagaraj for allegedly diverting Rs 89 crore in state government funds intended for Scheduled Tribes.
Activist Anjali Damania used AI to analyse call data records of a self-styled godman, claiming potential links to political figures and unusual financial activity.
Activist Anjali Damania defends her use of AI to analyse call data records of arrested godman Ashok Kharat, amidst opposition scrutiny and allegations of illegal activity.
The Rajya Sabha on Tuesday gave its green light to the Multi-State Cooperative Societies (Amendment) Bill 2023. This Bill introduces significant amendments to the Multi-State Cooperative Societies (MSCS) Act. These modifications aim to enhance the transparency and accountability of these cooperatives' operations in a bid to improve governance.
Tejashwi also announced that farmers would be given Rs 300 per quintal of paddy and Rs 400 for wheat as a bonus over MSP.
President Droupadi Murmu stated that government actions against Maoists have improved the atmosphere in Bastar, Chhattisgarh, leading to development. She encouraged those who have left violence to trust the Constitution.
For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.
The Congress party extends best wishes to the newly-elected Vice President of India, C P Radhakrishnan, while recalling the words of the first Vice President, Sarvepalli Radhakrishnan, on the importance of free criticism in a democracy.
Reaction to surge in applications, seemingly to hide identity as chit funds.
Funds for capital recast of rural credit societies
The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.
'Women weavers are hardworking, open to learning, resilient.' 'They finish their cooking, housework, puja, then they come to weave.' 'They care about design. They care about beauty.'
Court orders probe into Union minister Gajendra Singh Shekhawat's role in a complaint linked to Sanjivani Credit Cooperative Society, in which thousands of investors allegedly lost Rs 900 crore a year ago.
About 150 years ago, in British India, big farmers in the western region of Maharashtra agitated over unfair lending practices and demanded a more fair and inclusive financing structure. People say this is where the seeds of the cooperative movement, now omnipresent in the country, were sown. Today, more than 800,000 cooperative societies thrive in India, with 300 million members, a number close to the population of the United States. Despite a reach this deep--grass roots as they call it--cooperatives do not occupy a lion's share in the Indian economy.
New ministry will bring much-needed transparency in the functioning of the cooperatives, which so far have been riddled with allegations of political interference and mismanagement.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
Finance Minister Nirmala Sitharaman also said that the government proposes to increase the benefit of carrying forward losses for startups to 10 years.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.
The government on Tuesday announced Rs 900-crore allocation in the Budget for the newly set up Ministry of Cooperation for the 2022-23 fiscal, besides slashing Alternate Minimum Tax (AMT) on cooperative societies to 15 per cent and surcharge to 7 per cent, which nodal minister Amit Shah hailed saying it will boost the sector. Of the total allocation for the next fiscal, a significant amount of Rs 350 crore has been provided for digitisation of Primary Agriculture Cooperative Societies (PACs), while Rs 274 crore for an umbrella scheme 'Prosperity through Cooperatives' which would have a number of sub-components with the aim of all-round development of cooperatives in the country. For the first time, a separate budget of Rs 11 crore has been provided to Vaikunth Mehta National Institute of Cooperative Management (VAMNICON).
Neither do they have a no-objection certificate from the state nor any kind of Reserve Bank of India permission.
The Strengthening Rural Credit Cooperatives Project supports the government of India's programme to reform and revitalise the country's rural Credit Cooperative Banks.
The hoardings have photos of Pilot and Bharatiya Janata Party MP from Jodhpur and Union Minister Gajendra Singh Shekhawat and a line 'Why are you silent on Sanjivani scam Pilot ji? People want an answer'.
