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Cooperators’ foreign jaunts under lens

Posted on 30 July 2014

The Union Agricultural and Co-operation Minister Radhamohan Singh is seized with the matter of cooperators’ foreign trips. Indian Cooperative has learnt that Mr Singh is soon going to come out with ways and means to check the unhindered foreign jaunts undertaken by cooperators of all hues. Sources close to the Minister confided with Indian Cooperative […] Continue Reading

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Cosmos Chairman honoured by Merchant Chamber

Posted on 30 July 2014

Krishnakumar Goyal chairman of one of the leading urban cooperative banks of the country, Cosmos Bank received the coveted Adarsha Vyapari Uttam Puraskar 2014. The award was given by Poona Merchants Chamber. Goyal received the award from the hands of Fadnavis, President – Maharashtra State, BJP recently. This award is given in the memory of […] Continue Reading

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IFFCO MD supports Chibber

Posted on 29 July 2014

IFFCO Managing Director Dr U S Awasthi is one of the firsts in Indian to lend support to the suggestions of Ajay Chibber tasked with assessing the impact of various subsidy schemes in the country. Dr. U S Awasthi (@drusawasthi) tweeted recently: iffco agrees with Ajay Chibber of The Independent Evaluation Office of GOI that […] Continue Reading

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From States

Karnataka: Scam in a co-op bank

Posted on 29 July 2014

A scam involving serious irregularities in issuing gold loans has come to light in the Shimoga district central cooperative bank in Karnataka. The district crime intelligence bureau has taken five persons including four employees of the bank into custody and begun investigation. According to an estimate, the scam has caused a loss of Rs 68 […] Continue Reading

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NCCT signs MOU with Rajiv Gandhi Training College

Posted on 28 July 2014

As a major milestone, National Council for Cooperative Training signed an MOU with Rajiv Gandhi Cooperative Training College, Andaman & Nicobar Island to conduct 26 week Higher Diploma Programme in Cooperative Management (HDCM) under NCCT. The Higher Diploma Programme in cooperative management has been started to improve the management skill and sharpen the analytical and […] Continue Reading

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IFFCO team also greets Ananth Kumar

Posted on 28 July 2014

After meeting the Union Agricultural Minister as reported earlier by Indian Cooperative, IFFCO Board also paid a visit same day to the Union Fertilizer Ananth Kumar, Union Chemical and Fertilzer Minister. IFFCO PR later twitted the meeting and the photographs as posted by the Minister Mr Ananth Kumar on his Facebook. The tweet reads” the […] Continue Reading

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Co-op Housing: Builders asked to pay Rs 10 L

Posted on 27 July 2014

By I C Naik In a path breaking judgment of the consumer court a builder was asked to shell out Rs 10 lakh  to a cooperative housing society in Borivali- a den of Gujarati traders in Mumbai. This could stir up hornets’ nests in Mumbai where even escape route for erring builders the Deemed Conveyance […] Continue Reading

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Govt boasts of huge tax collection from UCBs

Posted on 26 July 2014

Even as the clamour for cooperatives to be exempted from Income Tax net falls to deaf ears, the Ministry of Finance is boasting of huge IT collection from UCBs and Cooperative credit societies. According to the statement just issued by the Ministry of Finance, the income tax dept during the last fiscal initiated new projects […] Continue Reading

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Cooperative Coffee Shop

Members’ indifference towards bye-laws

Posted on 29 July 2014

By I C Naik Amusing though, it’s a fact that Cooperative Society Bye-Laws are not laws. The SC has ruled in [Co-Operative Central Bank Ltd. & ... vs Additional Industrial Tribunal, on 03.04.1969[AIR 245, 1970 SCR (1) 206] that “They merely govern the internal management, business or administration of a society and may be binding […] Continue..

Massage for co-op housing society if they wish to learn

Changing equations: Registrar, Management and Auditors

Co-op News Snippets

Katiyar properties attached

Posted on 30 July 2014

There are reports from Lucknow of the enforcement directorate taking control of about a dozen properties belonging to Shushil Katiyar former chairman of UP Labour and Construction Cooperative Federation. Sushil Katiyar is involved in a scam in the federation which involved crores of rupees.The seized properties are located in several places across the state. Sources […] Continue..

Co-op official: Court upholds suspension

No excise duty for fertilizer subsidy: CBEC


Cooperative Complaint Board

Complaint against Refinery View CHS

Posted on 13 July 2014

Satish Bali All the state Laws and Co-operatives Laws and BMC Notification and Directives have been thrown to dustbin by the present 7 members illegal M.C in the Redevelopment Project of Refinery View CHS Ltd 62/63, Maroli Church Road, Chembur, Mumbai-400074. Till today no action has been taken by any Govt dept & Competent Authority […] Continue..

Selling surplus flats to cronies!

CHS committee assumes power by a foul play

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

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