The state government has extended significant support to the Mumbai District Central Co-op Bank (MDCC Bank), popularly known as Mumbai Bank, which is led by MLC Pravin Darekar, a close ally of Chief Minister Devendra Fadnavis. On Thursday, the state government approved the opening of accounts at the bank for the disbursal of salaries and allowances to government employees.
Additionally, the cabinet has authorised the opening of individual pension accounts and the investment of surplus funds from government projects and state-run corporations, such as CIDCO, MHADA, and state transport, in the Mumbai Bank.
This decision was made during the first cabinet meeting following its expansion, in the absence of Deputy Chief Minister and Finance Minister Ajit Pawar, who was reportedly on vacation abroad.
This story is from the January 03, 2025 edition of The Free Press Journal - Bhopal.
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This story is from the January 03, 2025 edition of The Free Press Journal - Bhopal.
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