MVA allies kept in loop about Pawar-Modi meeting in Delhi, says NCP

The NCP on Saturday said that party chief Sharad Pawars meeting with Prime Minister Narendra Modi in New Delhi earlier in the day was a scheduled one to discuss amendments to the Banking Regulation Act among other things and the Maha Vikas Aghadi MVA allies were aware of itAddressing a press conference 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 recentlyEven Chief Minister Uddhav Thackeray was apprised of this meeting he addedThe NCP shares power with the Shiv Sena and the Congress in Maharashtra as part of the MVA government that was formed after the 2019 Assembly electionsEarlier in the day the Prime Ministers Office PMO tweeted a picture of the meeting between Pawar and Modi that lasted nearly an hour during which they held talks on a number of issuesMalik said Amendments to Banking Regulation Act would hurt the cooperative sector banks since more powers were given to the RBI and while cooperative banks faced restrictions in power Cooperation is a state subjectPawar has been discussing the issue with all the stakeholdersHe Pawar had spoken to the PM over phone and it was decided to meet whenever he is in Delhi he saidAlso read Sharad Pawar meets PM Narendra Modi ahead of monsoon sessionThe NCP leader said that Pawar also raised the issue of COVID19 handling and the process of vaccination during the meetingYesterday CM Uddhav Thackeray had told the PM that a national policy to stop crowding at public places should be framed he saidMalik however rejected reports that Pawar had met BJP leader Devendra Fadnavis in DelhiMeanwhile Shiv Sena leader Sanjay Raut who is in Delhi told reporters that he wasnt aware of any meeting between Pawar and FadnavisThere is no politics in PawarModi meeting There can be discussions on various issues other than politics Raut saidMeanwhile the NCP also released a letter written by Pawar to Modi in which he has said that although the objectives behind the amendments to the Banking Regulation Act are laudable they do little to promote wellbeing and growth of the cooperative sectorPawar submitted the letter to Modi during their meeting on SaturdayYou recently advised the rural youth to engage in micro small and medium size businesses along with their farming activities so as to make them atma nirbhar under the adverse climatic conditions The cooperative banks can contribute to this cause since they have expertise of lending to these first time borrowers and contribute more than 23 percent of their advances of Rs 304 lakh crore to small and micro industries he saidThe growth of this sector is crucial to the holistic development of the country and all efforts should be made to encourage this sectoriquest the former Union minister addedThe aims and objectives of the amended Act are wellintentioned and many provisions are necessary The erring board and management must definitely be acted upon strictly and depositors interest should be protected but at the same time it should be ensured that while doing so the cooperative principles laid down in the Constitution are not sacrificed at the altar of overzealous regulation Pawar said in the letterThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever