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FMs meet discusses revital plan for coops

The meeting of the FM of select states discussed the finalisation of revitalisation package for short-term cooperative credit structure.

india Updated: Oct 14, 2005 18:30 IST
Press Trust of India
Press Trust of India

The meeting of the Finance Ministers of select states heldin New Delhi on Thursdayunder the chairmanship of Finance Minister P Chidambaram discussed the finalisation of revitalization package for short-term cooperative credit structure.

The meeting, which was attended by finance ministers of Maharashtra, Karnataka, West Bengal, Andhra Pradesh and Arunachal Pradesh, also agreed on issues of regulation and legal and institutional reforms, deposit guarantee and special audit, an official release said.

A Draft statement of consensus will now be forwarded to all the states and Union Territories for their comments following which the package would be finalised by the Central Government by October 31, 2005, it said.

First Published: Oct 14, 2005 18:30 IST