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  • IFFCO aims to connect Bharat with India: MD

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    Addressing a large number of farmers in Trivanduram , IFFCO Managing Director Dr U S Awasthi  said '' IFFCO will connect Bharat with India through digital platform. There are no barriers of languages and culture. With the help of the new digital platform we will connect farmers across India'', he added. Traversing the extreme south with his massage of new India Awasthi said” we want farmers ......
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  • NCCE trains cooperators to face digital challenge

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    National Centre for Cooperative Education (NCCE) of NCUI conducted a Leadership Development Programme for Urban Cooperative Banks at NCUI headquarters in Delhi last week with special emphasis on digital banking. Participants numbering 34 and coming from states like Rajasthan, Kerala, Punjab, Gujarat, Karnataka, Telangana, M.P. and Maharashtra were taught how to develop leadership and managerial ......
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  • Guj State Co-op Bank: Patel betrays indecency

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    Gujarat State Cooperative Bank which was in the news during demonetization, earned a net profit of Rs 40 crore and disbursed 15 percent dividend to the members, announced its Chairman Ajaybhai H.Patel during the Annual General meeting of the bank in Ahmadabad last week. The AGM was attended by top-notch cooperators of the state including Deputy Chief Minister of the State, Minister Shankarbhai ......
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  • Punjab Co-op Act tweaked; Kurki clause deleted

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    Punjab state Assembly recently passed the Punjab Cooperative Societies (Amendment) Bill, 2017, and deleted Clause 67-A, providing for ‘kurki’ of farmers’ land pledged to raise loans, reports Indian Express. As per the amended Act, cooperative societies and banks would not be able to auction land of farmers defaulting on loans. Farm loan waiver and deletion of kurki clause were the majo ......
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  • Co-ops: Chairmen & deputies can’t avail waive off

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    Maharashtra government has made a slew of changes in the parameters of loan-waive off in the light of suggestions offered by the farmers leaders and political party leaders , reports Asian Age. Farmers in government jobs drawing salaries exceeding Rs 20,000, those serving as president and vice-president of cooperative committees, as well as those owning a vehicle costing more than Rs 10 lakh, w ......
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  • Co-ops cannot accept deposits from non-members: RBI

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    RBI says some Co-operative Societies including primary co-operative credit societies are accepting deposits from non-members, nominal members and associate members, reports United News of India. Such co-operative societies have neither been issued any licence under Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) nor are they authorized by the Reserve Bank of India for doin ......
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Cooperative Coffee Shop

  • Bye-laws and laws-are they same?

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    By I C Naik Several people wonder whether the Laws and Bye-laws were the same or there is a difference.  Every cooperator must know the distinction between the two and in case of housing societies the committee members must be well versed with registered bye-laws of their housing society. In reality it’s a disaster. “Society Bye laws are not even laws of land!” This is what I wrote on ......
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  • Subsidizing Housing Society Charges - Part 2

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    By IC Naik Probably a fall out, (of my post on “Cooperative Coffee Shop on February 15, 2017) Chairman of one housing society (he may have thought my story was his story in fact) convened a Special General Body Meeting to revisit its billing format to take all decisions incidental thereto if necessary. Calling the meeting to order the Chairman announced ;“It appears, we should revisit th ......
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  • NCUI: Is the Minister pushing rightist agenda?

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    There are murmurs of protest against what several cooperators see as the Modi govt’s deliberate attempt to push a rightist agenda in the cooperative sector. The murmurs became shriller as the news of the proposed publication of a book on the RSS ideologue and a veteran cooperator late Laxmanrao Inamdar went public. The historical role played by the likes of Tribhuvan Patel, Verghese Kurien, V ......
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  • RERA Dispensation and Co-operative Federalism

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    By I C Naik TOI recently reported the Centre’s warning to the States against the dilution of real estate regulation norms by their governments. Union minister of state for housing reportedly wrote a warning letter to Haryana chief minister in that behalf. The housing ministry has reportedly appealed to every state to frame their rules in sync with the RERA (the Real Estate (Regulation and Dev ......
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