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  • NAFCUB : No one knows who is President?

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    The apex body of urban cooperative banks NAFCUB does not know who is its President. A source says the May 25 court verdict has once again gone in favour of Mukund Abhyankar who is yet to claim his post in the cooperative body. The apex body is so intensely in the doldrums that in the last two Board meetings neither Jyotindra Mehta nor Mukund Abhyankar presided over the meeting. The Vice Preside ......
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  • Cooperators hail Fin Ministry’s decision

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    Cooperators connected with cooperative banks across the country have hailed the govt decision to offer a fresh chance to exchange high currencies notes. While BJP cooperators congratulated the govt outright, those opposed to the govt such as Congress , NCP and even Shiv Sena say the govt had to buckle before their pressure. It bears recall that the Finance Ministry finally on Tuesday allowed th ......
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  • Co-op Banks: One last chance for note-exchange

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    Several leaders from Sharad Pawar to those of Shiv Sena have been demanding permission for co-op banks to exchange old currencies but govt failed to pay heed to their requests. The Govt finally conceded their demand on Tuesday and allowed the exchange facility to be resumed for another month. Those in know of things say that it was when several co-op banks of Maharashtra expressed their inabili ......
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  • Led by MD Kribhco observes Yoga Day

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    KRIBHCO a leading fertiliser cooperative in the country organized a yoga training programme on 21st June in Noida to commemorate the International Yoga Day. Led by its Managing Director Mr N Sambasiva Rao all its employees took part in it with great enthusiasm. The cooperative issued a brief statement on the occasion offering its view of the great Indian contribution to the world.  ''Yoga is a ......
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  • IFFCO Kalol bags Golden Peacock Award

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    IFFCO Kalol Unit has won the prestigious Golden Peacock Environment Management Award – 2017 for its outstanding achievements in the field of Environment Management & Practices. Sharing his happiness through Social Media IFFCO MD Dr U S Awasthi wrote “Congratulations #IFFCO #Kalol @dginamdar & entire team for winning Golden Peacock Environment Management Award – 2017”. Earlier ......
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  • Farmers’ loan: Now Karnataka follows suit

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    In a copycat move to appropriate populism as indulged in by Bhartiya Janata Party (BJP)-run states, Karnataka Chief Minister Siddaramaiah has decided to waive loans given to farmers up to Rs 50000, reports Media Report. The waiver, however, will be applicable only on the loans acquired from cooperative banks. The state govt. move will benefit more than 22 lakh farmers reeling under debt foll ......
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Cooperative Coffee Shop

  • 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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  • Ministry makes a mockery of 97th Amendment

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    The Federal Cooperation Department in the Ministry of Agriculture and Farmers’ Welfare is making a mockery of the much touted 97th Constitutional Amendment which, among other things, guarantees the right of forming cooperative as the Citizens’ Fundamental Right. In the last six months the total output of the Department has been to give multi-state status to just three co-operative societies ......
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