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  • Rotten state of affairs in Bihar PACS; FIRs against Chairmen

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    That conditions of extreme rottenness obtain in Bihar PACS is once again exemplified by the six PACS in Darbhanga town reneging on their obligation to supply rice under the agreement of Custom Milled Rice. This explains District Magistrate lodging an FIR against the chairman of all these PACS societies, reports Indian Cooperative correspondent Manmohan Sarawgi from Bihar. District Cooperative O ......
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  • NCCE: Chairmen of SC & ST co-ops trained

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    NCCE recently conducted Leadership Development Programme for Chairman and Directors of SC and ST Cooperative Societies at NCCE, New Delhi. The objective of the programme was to bring about an improvement in the functioning of the SC / ST Cooperative Societies. 52 participants from Assam, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Mizoram, Punjab and Rajasthan attended the programm ......
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  • Organic boost: IFFCO signs MoU with Sikkim govt

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    IFFCO signed a MoU with Government of Sikkim on Monday with an aim to explore business opportunities in organic value chain. In the new company named “SIKKIM-IFFCO”, IFFCO will hold majority stake of 51% equity and the Govt of Sikkim will hold 49%. Earlier in April this year, IFFCO MD Dr US Awasthi had during his Farmers’ Connect Campaign in Gangtok said “IFFCO is set to enter the world ......
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  • Haryana: 98% farmers have no idea of Fasal Bima

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    CAG has criticized the Haryana government for poor implementation of crop insurance schemes in the state, reports Times of India. CAG found 98% farmers in Karnal, Rewari, and Yamunanagar districts were not even aware of these schemes. During the audit, it also came to light that hardly 16% farmers in these three districts were interested in Pradhan Mantri Fasal Bima Yojana (PMFBY). The CA ......
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  • DCCB: Loan-availing farmers to get voting rights

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    The BJP govt in Maharashtra is likely to weaken the Congress-NCP's hold on rural institutions through its decision to give farmers taking loans from district central co-operative banks voting rights to elect the board of directors of DCCBs, reports Times of India. Sources familiar with the cooperative world say the dethronement of the Congress NCP combine from power in the cooperative sector wi ......
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  • Surat DCCB’s customers under IT lens

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    IT dept is likely to send notices to around 150 account holders of Surat District Co-operative Bank for their huge deposits of cash in their accounts post demonetization and later transferring their money to other accounts through cheques and RTGS, reports Indian Express. Post demonetization, RBI had barred co-operative banks from accepting old notes of Rs 500 and Rs 1,000. Sources say Surat ......
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Cooperative Coffee Shop

  • Flat Transfer Premium- An issue of public interest

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    By I C Niak After a long spell of time Flat Transfer Premium (FTP) in the news. It’s matter of   concern for a class of co-operative housing societies 3000 in Mumbai and 20,000 all over the State of Maharashtra,  having buildings on the land belonging to the State Government.  FTP forms part of the State’s list of matters of public interest pursuant to an order passed under 79A(1) of th ......
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  • Welcome, join us, co-ops are open for all

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    By Anthony Murray “We do not leave anybody behind.” If there’s a slogan that encompasses the values that co-operatives adhere to, then that could be a contender. All seven co-op principles revolve around the need to be inclusive and to serve the members of our co-operative community. So it’s no surprise that ‘inclusion’ was this year’s theme for the International Day of Co-o ......
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  • 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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