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  • Andaman Nicobar: NCUI takes stock of co-op activities

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    A high powered team comprising of NCUI Vice-President Bijender Singh, Chief Executive N Satyanarayan and some others, visited Andaman Nicobar Island to review cooperative activities undertaken by the NCUI Cooperative Education Field Project in the area.On return, they have submitted a note of appreciation. Delivering the key note address at the training course on bakery items and self made produc ......
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  • Sahakar Bharati pitches for diversification of co-ops

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    Taking the idea of cooperative to new horizons, Sahakar Bharati has given a call for its diversification encompassing all human activities. "Cooperatives should diversify their business in several other fields including Health, electricity etc. I myself established a Health Cooperative in Assam which is guided by cooperative principle but such co-ops should be established in other states as well" ......
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  • Kerala HC restores primacy of PACS

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    Kerala High Court recently upheld the Kerala Cooperative Societies (Amendment) Act 2017, ruling voting rights in district cooperative banks would be limited to primary agricultural credit societies and urban co-operative banks. As per the amended Act, the management boards of district cooperative banks were removed and administrators appointed, media reports claim. The amended Act also restrains ......
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  • IFFCO: No end of greetings for Kumar!

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    IFFCO’s newly appointed Marketing Director Yogendra Kumar continues to get greetings from across the states even though more than a week has passed after his elevation. Latest in the series of greeters is Bihar Co-op Marketing Federation (BISCOMAUN) Chairman Sunil Kumar Singh who greeted Kumar on his promotion by offering him shawl and flower. Sharing his congratulatory message on social media ......
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  • Tirupati Urban Co-op Bank organizes media walkathon

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    Tirupati Urban Co-Operative Bank organized the fifth edition of Walkathon for Media Employees on Sunday in Nagpur along with Sports Journalists' Association of Nagpur (SJAN). Rajesh Sharma, Shashi Rahate, Shubhangi Jagtap and Lata Hatwar won the titles in their respective categories, reports Times of India. Sharma of Lokmat retained the title. Times of India's Rahate emerged victorious in the ......
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  • No respite for Rupee Bank yet

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    The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period from November 22, 2017 to May 31, 2018 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on eight occasions for a period of six months each and thrice for a period of three months each. The last exten ......
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Cooperative Coffee Shop

  • Reserve Bank versus Co-operative Bank

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    By Radhakrishnan K.V. The Reserve Bank of India (RBI) in its press release dated 29-11-2017 has warned general public to be cautious against some co-operative societies which use the word "Bank" in their names and those co-operative societies which accepts deposits from non-members and associate members. This has resulted in confusion among several depositors, general public, media and the entire ......
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  • 415m Africans Live on $2 Daily: ICA

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    By Laleye Dipo in Minna The International Cooperative Alliance (ICA) has disclosed that no fewer than 415 million Africans live on less than $2 daily. The Regional Director of ICA in Africa, Dr Shiyoge Sifa, who made this known in Minna, Niger State while delivering a lecture at the 5th congress and national workshop of the Cooperative Federation of Nigeria, said those who live on between $2 and ......
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  • Empty Mandate to Mah C H S Law – 4

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    By I C Naik In previous part we saw the Cooperative Department under Housing Manual has accepted violation of provisions of the M C S Act 1960 by the flat/shop purchasers occupying flats/shops without joining the concerned housing society as members. In any case the system to preempt such defaults is shockingly absent under MOFA regime till this date. This has an evil effect of encouraging an i ......
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  • Empty Mandate Maharashtra CHS Law -3

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    By I C Naik Housing Manual 2015 being a “97A Statutory Directive” still exists. Chapter 4 is about “Rights and Responsibilities of the Members and Managing Committee. Following directives at page number 16 really gave a shock: “If a shop owner is a flat owner in the co-operative housing society, then it is compulsory that to become the member of the society. In case such sho ......
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