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  • Will meet RBI Guv on Co-op issue: Jaitley

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    Union Finance Minister Arun Jaitley assured a visiting delegation of senior cooperators on Monday to look into the matter of co-operative banks and do something urgently about it. A six member delegation of cooperators led by NCUI President Chandra Pal Singh Yadav and NAFSCOB Chairman Dileepbhai Sanghani met the Minister in Parliament on Monday to thrash the continuing logjam out bedeviling cooper ......
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  • IFFCO delivers both fertilizer and dividend on time: Amin

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    (This report is based on press release sent by Gujarat State Cooperative Union on the Golden Jubilee Celebration Function of IFFCO held in Vadodara where its Chairman Ghanshyambhai Amin participated) An ace cooperator from Gujarat Ghanshyanbhai Amin quoting Gandhi said the fruits of the country's indepndence is usless the weaker sections of society and farmers are not economically independent. ......
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  • Minister Deshmukh lauds Cosmos Bank's role

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    Subhash Deshmukh, Minister of Co-operation, Marketing & Textile, Government of Maharashtra visited Cosmos Tower, Cosmos Bank’s state-of-the-art Corporate Office on University Road, Pune last week and complemented it for showcasing professionalism thereby setting a benchmark for other co-operative banks and credit societies to follow. Deshmukh said the Cosmos Co-operative Bank has stood th ......
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  • Cooperators observe World Soil Day

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    The veteran leaders across the country celebrated World Soil Day and participated in various functions organized on this occasion. The theme for the day is “Soil and pulses, a symbiosis for life.” Union Agriculture Minister Radha Mohan Singh addressed a gathering at the College of Engineering, Roorkee, Uttarakhand on the occasion and tweeted “"Swasth Dhara, Khet Hara". IFFCO Managing D ......
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  • North Ex Co-op: Haryana Guv participates in AGM

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    Addressing the annual function of North-Ex Cooperative Society in Delhi, Governor of Haryana Kaptan Singh Sloanki said the gap between poor and rich can only be narrowed down by strengthening the Cooperative Movement in India. He appreciated the work of the cooperative society inspired by the slogan“together with all, development for all''. Nearly five thousand members attended the program. ......
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  • Rupee Bank earns profit after 8 yrs

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    There is partial good news for the depositors of beleaguered Rupee Cooperative Bank based in Pune. The Chairman of govt appointed board Sudhir Pandit has claimed that the UCB has registered a profit of Rs 55 lakh in the last 6 months, reversing the 8-year trend. The recovery has also been on the rise with a figure of Rs 125 cr for the current fiscal. The tie-up efforts are still going on with s ......
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Cooperative Coffee Shop

  • Why Managing Nominations in C H S is So Clumsy - 2

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    In Part 1 we saw how simple is the nomination law and procedure set for managing the transition of membership / interest in the property of the housing society from generation to generation. The Committees are spared of getting entangled in to the legality of transfer of immovable property is the hall mark thereof. Legally enforceable transfer of titles to immobile property is outside the purview ......
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  • Supporting co-ops: Modi govt as callous as UPA

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    The high hopes cooperators of the country had pinned on the NDA govt led by Narendra Modi are proving illusory. That the attitude of the present govt towards the cooperative movement is no different has begun dawning on them. Cooperators Indian Cooperative talked to were nostalgic about India’s first Prime Minister Jawahar Lal Nehru whom ''they called the only true leader wedded to the cause ......
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  • ICA A-P: Balu’s open letter to RBI Governor

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    Dear RBI Governor, Why single out Co-operative Banks?  The Government of India, under the leadership of Prime Minister Narendra Modi has taken  bold and audacious steps to curb the flow of black money and prevent the counterfeiting of notes.  The demonetization of Rs.500 and Rs.1,000 notes have been lauded by the public; despite the sudden hardships and serious disruptions caused in their da ......
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  • Why Managing Nominations in C H S is So Clumsy -1

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    By I C Naik The Nomination confers a right to receive and hold the flat and is not like a Will which enables the owner pass on the ownership upon his death. This simple truth has not received due attention in the Nomination procedure in housing society law. It may be because the legislative intention was of simplicity in managing the Society under “one flat one person” concept. It is howeve ......
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