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New Indian Express
7 days ago
- Business
- New Indian Express
Two-year reprieve for Gujarat cooperative bank directors sparks political row
AHMEDABAD: A key amendment to Section 10A(2a)(i) of the Banking Regulation Act, 1949, has extended the maximum continuous tenure of directors in cooperative banks, excluding chairpersons and whole-time directors, from eight to ten years, effective 1 August 2025. Rajya Sabha data reveals that, in Gujarat alone, 169 directors of District Central and State Cooperative Banks have already crossed the eight-year mark, along with 876 directors in Urban Cooperative Banks. The change effectively gives these long-serving board members a two-year extension to retain their seats. Rajya Sabha MP Shakti Sinh Gohil opened the attack by invoking the Banking Regulation Act's earlier provision that barred directors from serving more than eight consecutive years. He pressed the government for specifics, how many cooperative banks in Gujarat were allegedly flouting this limit, how many directors were involved, and where they were posted. The Finance Ministry's reply revealed a legislative twist that instantly altered the debate. It confirmed that Section 10A(2a)(i) of the Act has recently been amended to extend the maximum continuous tenure for cooperative bank directors, excluding chairpersons and whole-time directors, from eight to ten years. The amendment will take effect on 1 August 2025, effectively giving overstay directors a two-year reprieve.
Express Tribune
03-08-2025
- Sport
- Express Tribune
Over 400 participate in 'Ma'arka-e-Haq' sports events
The sports events titled "Ma'arka-e-Haq" (Battle for Truth), organised by the government's Sports Department, concluded successfully. Over 400 athletes from Districts East and West participated in the events, demonstrating their love for the country and national unity on the occasion of the upcoming Independence Day. According to the spokesperson for the Sports Department, Imran Ali, in volleyball, District East secured the first position with a 2-0 victory, while District Central claimed second place. In boys' badminton, Muzammil Waseem and Ali Gulab retained first place, while Hussain and Hamza secured second position. Among the girls, Ajo and Sahba took the first position, while Rosheen and Huda retained second place. Further, the spokesperson stated that in the boxing competitions held in District West, matches took place in 22 weight categories for both girls and boys. In the girls' boxing finals, Jannat from One ABC Club triumphed in the 30 kg weight category, while Ayesha from KBC Club won in the 44 kg category. Meanwhile, District Sports Officer Muhammad Usman reported that, in men's boxing, Taimur from KBBC Club won the 51 kg category, while Farooq from the same club secured victory in the 70 kg category. Imran Ali also announced that 160 sports events are being organised across all districts of Sindh, under special directives of the Sindh Chief Minister, Syed Murad Ali Shah, and Sindh Sports Minister, Sardar Muhammad Bakhsh Mahar, with the aim to promote patriotism, discipline, and healthy activities among the youth.
Express Tribune
10-02-2025
- Sport
- Express Tribune
District Central, Bahria Club, Aram Bagh win
Several matches were decided in the Youm-e-Kashmir Rangers Cup Girls & Boys Basketball Tournament, being held at the International Abdul Nasir Basketball Court, Aram Bagh, in collaboration with Pakistan Rangers and KBA. In the boys' event, District Central secured a hard-fought and thrilling victory over District Malir with a narrow margin of 45-43 points. For the winning team, Raza Ahmed scored 15 points, Muhammad Umar added 13, and Saleem Chaudhry contributed 10 points. From the runner-up team, Usman Khawaja scored 14 points, Muhammad Hasnain 16, and Khan Muhammad 8 points. In the girls' event, KMA College defeated Soul Club by 9-5 while Bahria Club Green won against National Club by 8-5. In other girls matches, KMA White beat Karachi Colts by 12-6 while Aram Bagh overcame Government Degree Girls College White with a 13-10 victory. Several players showcased exceptional performances in these matches, including Mehwish Khan, Fiza, Atiqa, Anbia, Javeria, Kanza Ali, Manahil Khan, Laiba, Aqsa, Tayeba, Fatima, Aira, Ayesha Khan, and Amna Khan. The technical officials and referees for these matches included Aamir Sharif, Zahid Malik, Muhammad Ashraf, Christopher, Raj Kumari, Zaeema Khatoon, Zulfiqar Abbas Khan, and Usman Sheikh. Before the start of today's matches, players and KBA officials were introduced to CEO of Engineering Solutions Company, Saifullah Shakeel, and Muhammad Yousuf Abbas. Prominent personalities present on the occasion included Ghulam Muhammad Khan, Muhammad Farooq Bhatti, Tariq Hussain, and others.
