Current Affairs

Special session of Assembly discusses crisis in cooperative sector

A view of State Cooperative BankThiruvananthapuram: Kerala Chief Minister Pinarai Vijayan told the Assembly on Tuesday that the government would assist any scrutiny of accounts in cooperatives to detect black money. However, it could not countenance stalling the functioning of cooperative in the name of black money.

Chief Minister to stage satyagraha before RBI Office

UDF leaders meet Chief Minister Pinarai Vijayan in his chamber on ThursdayKerala Chief Minister Pinarai Vijayan and members of his Cabinet will offer a satyagraha before the Reserve Bank of India regional office here on Friday morning to highlight the crisis in cooperative sector following demonetisation of Rs. 500 and Rs. 1000 notes.

The Chief Minister said that refusal of the Centre to allow the cooperative banks to deal in demonetised currency had hit the working of the cooperatives. This would lead to collapse of Kerala’s economy.

Demonetisation will hit economy: Thomas Isaac

Thomas Isaacerala Finance Minister T. M. Thomas Isaac said in the Assembly on Wednesday that demonetisation of currency would lead to accentuation of economic recession.

The drop in availability of money up to December 30 would lead to reduction in trade, the Finance Minister said in a statement in the Assembly. 

The House protested against remark of BJP general secretary that Kerala was a centre of hawala transactions and that was why the Kerala Finance Minister was opposing action taken by the Centre.

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