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Co-operative sector should be protected: Kerala Bank Employees Federation

The State Committee of Kerala Financial institution Staff Federation has referred to as for a rally in opposition to the transfer to destroy the cooperative sector, which performs an important function within the improvement of the state. It is a deliberate transfer to destroy the co-operative sector which is the core of the folks. It’s the co-operative sector that resists the forces of finance and capital that management the nation’s financial system. The transfer is to destroy the credibility of the cooperative sector, which has a monetary base of greater than 2.5 lakh crores, via propaganda.

In latest occasions remoted incidents in some co-operatives have been piling up. Motion has been taken in opposition to the culprits in all these incidents. It was additionally ensured that such incidents don’t recur. The federal government has introduced that traders is not going to lose their cash. A call can be being taken to amend the Co-operative Act in order that robust motion may be taken together with prison expenses if irregularities are discovered. State President of the Federation Ananthalavattam Anand and Secretary KT Anilkumar mentioned in an announcement that each one sections of the folks ought to come ahead to guard the cooperative sector on this background.

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