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Recent News


Now women co-op bank under RBI’s scanner

Posted on 30 August 2014

In a recently concluded AGM of NAFCUB participants sought pride from the fact that India has about 85 women cooperative banks and all are doing well. It is also true that compared to male dominated UCBs, Women co-op banks gave little chance to regulators in the past. But here is a piece of bad news. […] Continue Reading

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Pauline calls for level-playing field

Posted on 29 August 2014

Dame Pauline Green, president of the International Co-operative Alliance, called on governments around the world to create a level-playing field for co-operatives in terms of policy and legislation. In a briefing from Co-operatives UK, policy officer James Wright welcomed the “legislative reform” that makes the “UK a better place to start up and grow a […] Continue Reading

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GCMMF: Milk unions fight among themselves

Posted on 29 August 2014

The country’s capital Delhi is becoming ground zero in the battle over dairy business. Interestingly, three dairy unions – Mehsana, Sabarkantha and Banaskantha affiliated to the dairy cooperative major Gujarat cooperative milk marketing federation (GCMMF) are involved in the smack down. The GCMMF’s members are fighting over the country’s biggest milk market worth Rs.9000 crore […] Continue Reading

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NLCF: MD’s official jeep stolen

Posted on 28 August 2014

Luck continues to play cruel with the Managing Director of National Labour Cooperative Federation R M Pandey. After his decimation at the recently concluded election of the apex body, he lost his official vehicle last Monday. Parked at his residence last night, the official jeep of the MD was missing in the morning. A surprised […] Continue Reading

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From States

Kerala: Cooperators up in arms against IT diktat

Posted on 27 August 2014

The portents have been building up for quite sometimes. Several cooperators in Kerala have expressed their displeasure with the role of Income Tax department in the past. Driven to wall Kerala cooperative council – a representative body of cooperatives in the state has decided to protest against the growing interference of the IT dept in […] Continue Reading

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NCCF: Babus outsmart cooperators

Posted on 26 August 2014

In a rather smart move the Union Cooperation Ministry Babus have served notice to each and every Director of NCCF under section 123 complying with requirements as set by the Delhi High Court recently. The court judgment had rekindled a hope of reviving the suspended Board but the latest move by the Ministry has thrown […] Continue Reading

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NAFCUB: Bano blasts govt’s lies

Posted on 25 August 2014

The NAFCUB Annual General Meeting held recently in Delhi threw up several startling facts once the delegates began to speak. One of the de-mystifying announcements concerned women banks. Dr Firoza Bano, one of the delegates from Rajasthan and Chairperson of Rajlaxmi Bank disclosed that the country already has about 85 mahila urban cooperative banks about […] Continue Reading

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UCB: Azad Singh forsoft approach towards UCBs

Posted on 25 August 2014

The Chief Executive Officer of Delhi- based Citizen Cooperative Bank, Mr Azad Singh has demanded a soft approach towards Urban cooperative banks from the regulator. We receive no special grant from the government and we are wholly self-made, asserted Mr Singh in an interview with the Indian Cooperative. Our bank has never erred and is […] Continue Reading

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Cooperative Coffee Shop

Co-op in grip of monster of regulations!

Posted on 30 August 2014

By I C Naik A common man’s curiosity about what cooperative is all about could be responded by a simplistic definition that ‘cooperative business is a business that uses an integrated business structure with the members sharing decision-making authority, profits, and liability for debts. But he will not believe this simple truth, for it is […] Continue..

Maharashtra: Flaw in housing society bye-laws

Should co-op societies file annual return?

Co-op News Snippets

Amul’s big plan for cheese production

Posted on 27 August 2014

R S Sodhi MD of the country’s leading milk cooperative, GCMMF has said his organization will spend Rs.550 crore on spiking its processed cheese production capacity in the next couple of years. To achieve this goal, a new plant will be started in Palanpur and the plant in Anand will undergo expansion. According to Sodhi, […] Continue..

IFFCO holds performance review meeting

Co-op bodies resist auditing in Odisha


Cooperative Complaint Board

CKP Co-op Bank: No respite yet

Posted on 03 August 2014

There is no respite for CKP Co-op Bank depositors yet. Petitions and protests have failed to move the government, RBI and top cooperative leaders. Little do they realize that such incidents drive away the trust of people from what is touted as cooperative model? Through a circular issued in May RBI had said “the  CKP […] Continue..

Complaint against Refinery View CHS

Selling surplus flats to cronies!

Cooperative Success Stories

Success story of Rupjyoti SHG, Doligaon

Posted on 05 March 2014

Rupjyoti SHG is a female group at Daloigaon under Central Jorhat Development block. The group was formed in the year 2006 with a membership of twenty women. This SHG’s experience proves how women with the help of the cooperative principles organize themselves to beat poverty and despair. The primary purpose of self help groups is […] Continue..

Success story of The Gujarat State Co-op Bank Ltd. Ahmedabad

Cooptex nets impressive profit