Cross voting hits Congress
Mummaneni Venkata Subbaiah, former Telugu Desam MLA, assumed charge as Chairman of the District Cooperative Central Bank here on Thursday as TDP virtually pulled the carpet under the feet of the Congress.
The ruling Congress could not muster the support of adequate number of society presidents and lost the plot. What made matters worse was cross voting from the ranks of Congress presidents to the TDP.
The DCCB is the second oldest cooperative bank in the country and the oldest cooperative bank in the State, which completed 100 years of its existence in the year 2011.
Mr. Subbaiah, a native of Pesarlanka village in Bhattiprolu mandal, completed his BE in Electrical Engineering from Manipal University.
A son of the soil, Mr. Subbaiah returned to his native village as he was reluctant to take up job and instead chose to devote his time and energy to till the land.
Inspired by NTR, Mr. Subbaiah entered politics and contested four consecutive elections since 1989 winning in 1994 and 1999. He lost to Deveneni Mallikarjuna Rao in 2004. He missed the bus in 2009 elections as the TDP chose a BC candidate to take on Mopidevi Mallikarjuna Rao.
Known for maintaining integrity, Mr. Venkata Subbaiah was an automatic choice for the chairmanship by the party.
Speaking to media persons, the new chairman vowed to work for the welfare of farmers and assured of his unstinting support to the farming community.
Mr. Subbaiah also suggested that cooperative societies take up marketing pesticides as a viable business model and mooted that the DCCB could loan the amounts to societies.
Chief Executive Officer of DCCB Viswanadham and chairman of DCMS Ikkurthi Sambasiva Rao were present.
The DCCB is the second oldest cooperative bank in the country Nw chairman vowed to work for the welfare of farmers
The DCCB is the second oldest cooperative bank in the country
Nw chairman vowed to work for the welfare of farmers