Chief minister Uddhav Thackeray. (HT FILE)
Chief minister Uddhav Thackeray. (HT FILE)

Maharashtra cabinet allows govt bodies to use private banks, but for limited use

A statement from the chief minister’s office (CMO) on the cabinet decision said those bodies which opt for private banking service can avail online services through the bank. However, they must ensure that the bank does not charge any additional fees for these services.
By HT Correspondent, Mumbai
UPDATED ON JAN 21, 2021 12:51 AM IST

Nearly a year after the Maharashtra government passed a resolution directing all government bodies, authorities and corporations to conduct banking transactions through public sector banks, the state cabinet on Wednesday gave its nod allowing government offices, public sector undertakings (PSUs), and state-run corporations to use private banks for banking services. However, the government has restricted the use of private banks limiting it to the debit of salaries and other allowances of employees.

In March 2020, the finance department had issued a government resolution directed all government bodies to close all banking accounts with private and cooperative banks and open accounts in public sector banks from April 1, 2020. Since April, only public sector banks and later from July 2020, district cooperative banks were used to deposit salaries, other allowances and to maintain funds of a government body.

A senior government official said the earlier resolution was taken in the wake of the crisis faced by one of the prominent private banks — Yes Bank — which had been put under moratorium. “Now the cabinet has limited the use of private banks allowing only salary accounts. This reduces the risk, which was the reason why a directive was issued to close all banking operations with private banks. No funds other than depositing salary will be allowed,” the official said. He added that the contractor’s bank guarantee or reserve fund of any government body will still remain in PSBs.

A statement from the chief minister’s office (CMO) on the cabinet decision said those bodies which opt for private banking service can avail online services through the bank. However, they must ensure that the bank does not charge any additional fees for these services. The cabinet also allowed pensioners to open pension accounts in private banks which have entered into an agreement with the state government before February 28, 2021, the statement said.

A political controversy over bank accounts of several municipal corporations and even state police in a private bank had erupted shortly after Shiv Sena-led Maharashtra Vikas Aghadi came to power in 2019.

Sena leaders had, in December 2019, raised questions over bank accounts of some Sena-run civic bodies in the private bank where former chief minister Devendra Fadnavis’ wife Amruta was a senior executive.

Thane civic body shifted its account of the private bank. The state government, through a government resolution in March 2020, announced the closure of one of its accounts — National Cyclone Risk Mitigation Projects — in the private bank and shifted it to the state-run SBI.

In addition, the cabinet also gave a nod to a proposal providing guarantee for 1,500-crore loan required by the Maharashtra State Cooperative Cotton Growers Marketing Federation.

The government guarantee will be for the 1,500-crore loan which the federation will borrow from Bank of Maharashtra at 6.35% per annum interest rate for ensuring timely payments to farmers on purchase of cotton for 2020-21 season. Due to satisfactory rainfall and favourable weather conditions, around 400 lakh quintals of cotton is expected to be produced this season in the state, said an official.

The official added that with the dipping price of cotton internationally and the hike in the guaranteed prices by the Union government, the federation will have to procure large quantities of cotton at the guaranteed price this season as compared to the last season.

SHARE THIS ARTICLE ON
Close
Representational image.
Representational image.

Maharashtra: Teacher gets 5 years in jail for sexually harassing minor students

PUBLISHED ON MAR 03, 2021 09:45 AM IST
The teacher was arrested in August 2016 and granted bail as the police failed to file a charge sheet within the stipulated 60 days
Close
HT Image
HT Image

Centre nod for 29 more private hospitals from Mumbai to start vaccination

By Rupsa Chakraborty, Mumbai
PUBLISHED ON MAR 03, 2021 01:21 AM IST
To speed up the third phase of the nation-wide mass immunization programme, the centre on Tuesday approved 29 private hospitals to inoculate senior citizens above 60 years and those above 45 years with co-morbidities
Close
 (Pratik Chorge/HT PHOTO)
(Pratik Chorge/HT PHOTO)

MMRDA seeks Bombay HC’s nod to start Metro work at disputed plot

By KAY Dodhiya, Mumbai
PUBLISHED ON MAR 03, 2021 12:45 AM IST
The Mumbai Metropolitan Region Development Authority (MMRDA) on Tuesday approached the Bombay high court (HC) through an interim application, seeking lifting of the court’s stay on the October 1, 2020 order by the Mumbai suburban district collector, which permitted the transfer of 102 acres at Kanjurmarg to the authority for building a car shed and an interchange station for Metro lines 3, 4, 4A and 6.
Close
Unauthorised dumping of raw sewage into salt lakes in Bhandup. (Vanashakti)
Unauthorised dumping of raw sewage into salt lakes in Bhandup. (Vanashakti)

Mumbai: Civic contractor dumps raw sewage in Bhandup salt lakes, green activist seeks action

By Prayag Arora-Desai, Mumbai
PUBLISHED ON MAR 03, 2021 12:45 AM IST
An environmentalist, associated with a city-based NGO, on Monday, wrote to the civic authorities, including the collector (Mumbai suburban), the Maharashtra Pollution Control Board (MPCB) and the forest department’s mangrove cell, alleging unauthorised dumping of raw sewage into salt lakes in Bhandup, by a civic contractor
Close
The fire safety audit was conducted in the backdrop of the Bhandara fire that broke out in a government hospital in January, killing ten infants. (Hindustan Times)
The fire safety audit was conducted in the backdrop of the Bhandara fire that broke out in a government hospital in January, killing ten infants. (Hindustan Times)

Over 700 hospitals, nursing homes in Mumbai flouting fire safety norms: BMC audit

By Faisal Malik, Mumbai
PUBLISHED ON MAR 03, 2021 12:42 AM IST
The fire audit conducted by the Brihanmumbai Municipal Corporation (BMC) has found lapses in fire safety norms in around 701 hospitals and nursing homes across Mumbai
Close
 (Pratik Chorge/HT)
(Pratik Chorge/HT)

Chaos persists at Mumbai vaccination centres

By Mehul R Thakkar, Mumbai
UPDATED ON MAR 03, 2021 12:42 AM IST
Day two of the third phase of Covid-19 vaccination in Mumbai saw chaotic scenes similar to the first day with experts and citizens fearing that the vaccination centres may become “superspreader venues”, where one person infected with the coronavirus transmits it to several other people.
Close
Ajay Devgn. (HT Photo)
Ajay Devgn. (HT Photo)

Mumbai: Man blocks actor Ajay Devgn’s car over his stand on farm laws, held

By Megha Sood, Mumbai
PUBLISHED ON MAR 03, 2021 12:40 AM IST
Dindoshi police on Tuesday arrested a Punjab resident after he blocked the car of actor Ajay Devgn near Film City in Goregaon (East)
Close
Presently, the WR operates AC local trains only on its fast railway line corridor between Churchgate and Virar railway stations. (HT Photo)
Presently, the WR operates AC local trains only on its fast railway line corridor between Churchgate and Virar railway stations. (HT Photo)

Mumbai: AC trains soon on Western Railway’s slow corridor

By Aroosa Ahmed, Mumbai
PUBLISHED ON MAR 03, 2021 12:37 AM IST
After running air-conditioned (AC) local trains for the past three years, the Western Railway (WR) is now considering to introduce a similar service between Andheri and Virar, on its slow lines
Close
According to BMC, the tunnelling work is expected to be completed by the end of 2022.
According to BMC, the tunnelling work is expected to be completed by the end of 2022.

Mumbai coastal road work in fast lane, 100m tunneling done

By Mehul R Thakkar, Mumbai
PUBLISHED ON MAR 03, 2021 12:33 AM IST
The Brihanmumbai Municipal Corporation (BMC) completed digging the first 100m for the coastal road tunnel
Close
Ajay Ajit Peter Kerkar. (Anshuman Poyrekar/HT PHOTO)
Ajay Ajit Peter Kerkar. (Anshuman Poyrekar/HT PHOTO)

1,030 crore Axis Bank loan fraud case: Peter Kerkar, 2 senior Cox and Kings executives arrested

By Vijay Kumar Yadav, Mumbai
PUBLISHED ON MAR 03, 2021 12:31 AM IST
The economic offences wing (EOW) of the Mumbai Police on Tuesday arrested Cox and Kings (CNK) promoter Ajay Ajit Peter Kerkar and two other senior executives of the firm, in connection with 1,030 crore Axis Bank loan fraud case
Close
Road dust largely refers to solid particles generated during the handling and processing of road-building materials, such as gravel and concrete. (Satish Bate/HT Photo)
Road dust largely refers to solid particles generated during the handling and processing of road-building materials, such as gravel and concrete. (Satish Bate/HT Photo)

Road dust main contributor to PM pollution in Mumbai: Study

By Prayag Arora-Desai, Mumbai
UPDATED ON MAR 03, 2021 12:25 AM IST
The contribution of road dust to the city’s overall pollution load has more than doubled over the past decade, reveals the interim results from a source apportionment study conducted by the National Environmental Engineering Research Institute (NEERI)
Close
 (ANI)
(ANI)

Ajit Pawar: Will not disconnect power supply over bills for now

By HT Correspondent, Mumbai
PUBLISHED ON MAR 03, 2021 12:18 AM IST
Maharashtra deputy chief minister Ajit Pawar on Tuesday declared there will be no disconnection of electricity supply for farmer and local residents who failed to pay their bills until the issue of non-payment of the outstanding bills was debated in the state Assembly
Close
HT Image
HT Image

HC permits resumption of construction near Banganga Talav

By KAY Dodhiya, Mumbai
PUBLISHED ON MAR 03, 2021 12:18 AM IST
The Bombay high court on Monday permitted the resumption of piling and construction activities undertaken by two developers adjacent to the Banganga Talav at Walkeshwar temple, Malabar Hill, after it was informed by the Director Archaeology and Museums that the allegations made by the petitioner trust were incorrect
Close
 (VIDHYADHAR RANE/HT)
(VIDHYADHAR RANE/HT)

Record corruption in the name of handling Covid in Maharashtra, alleges Fadnavis

By HT Correspondents, Mumbai
PUBLISHED ON MAR 03, 2021 12:14 AM IST
He also said that the former forest minister Sanjay Rathod should be booked, holding him responsible for the death of a Pune girl as there is enough evidence against him corroborating his involvement from the 12 audio clips went viral on social media, a suspected abortion in Yavatmal by using fake address, mobile and tower location among others.
Close
A medic in PPE takes a swab sample for during RT-PCR based coronavirus testing at NMMC Hospital Nerul in Navi Mumbai, Maharashtra. (Bachchan Kumar/ Hindustan Times)
A medic in PPE takes a swab sample for during RT-PCR based coronavirus testing at NMMC Hospital Nerul in Navi Mumbai, Maharashtra. (Bachchan Kumar/ Hindustan Times)

Maharashtra’s daily Covid-19 cases remain below 8,000 for second straight day

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 02, 2021 09:44 PM IST
  • With 54 deaths on Tuesday, Maharashtra’s death toll reached 52,238.
Close
SHARE
Story Saved
OPEN APP