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IFFCO

IFFCO Board announces Sahkar awards

Posted on 20 October 2014

IFFCO Directors who sat for Board meeting on Friday resolved to honour sahkar awards to two of the veteran cooperators. It was decided that Sahakarita Ratna award would be given to Ravinda Pratap Singh and Sahakarita Bandhu award to Kamal Krishna Sharma. Congratulating them soon after the meeting IFFCO Managing Director U S Awasthi tweeted […] Continue Reading

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Banks

RBI: Abhyankar bats for Rupee Bank

Posted on 20 October 2014

The plight of Pune based Rupee Bank which has been haunting depositors and honest cooperators alike, came for special discussion in the meeting of Nafcub President with the RBI governor Dr Raghuram Rajan last Tuesday. Dr. Abhyankar pointed out that some large-scale but sick UCBs like Rupee Co-operative Bank are facing cancellation of licences. No […] Continue Reading

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Misc.

Book on cooperative banking released

Posted on 20 October 2014

A book on “Theory, Law and Practice of Cooperative Banking”(2014 Edition) authored by Prof.K.A.Abdul Kuddus, Associate Professor (Retd.) VAMNICOM, Pune and Mr.A.K.Zakir Hussain, Senior Faculty, Institute of Coop. Management, Kannur, Kerala was released by Shri. P. SEETHARAMAN, the then Registrar of Cooperative Societies, Chennai during May 2014. The book is a third thoroughly revised edition […] Continue Reading

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Banks

UCBs: RBI to hold Standing Advisory meeting

Posted on 18 October 2014

The national apex bank Reserve Bank of India which is increasingly facing pressure to cut interest rate in the wake of receding inflation, is meeting the representatives of urban cooperative banks in Mumbai on 20th October. Known as RBI’s Standing Advisory Committee on UCBs, the meeting is scheduled to be chaired by the Dy Governor […] Continue Reading

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IFFCO

World Food Day: IFFCO congratulates Rajaram

Posted on 17 October 2014

Keeping pace with the theme food and farmers, IFFCO Managing Director has congratulated Dr Sajaya Rajaram for winning World Food Prize 2014. The prize, though announced in June was awarded to Rajaram on October 16th. Losing no time Dr. U S Awasthi  tweeted “ #IFFCO congrats #Dr Sajaya Rajaram for winning @World Food Prize 2014 […] Continue Reading

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Laws/Legislations

Why justice is delayed in India

Posted on 17 October 2014

By I C Naik A  21st Century judgment of the Supreme Court of India on a matter which was hailed as a hallmark of cooperative society law in these words; “The Bombay Cooperative Societies Act of 1925, the first provincial Act to be passed, among others, introduced the principle of one-man one-vote.” NATIONAL COOPERATIVE UNION […] Continue Reading

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IFFCO

IFFCO’s on-line recruitment begins

Posted on 16 October 2014

IFFCO (Indian Farmers Fertiliser Cooperative Limited) has invited applications to hire Agriculture Graduate Trainee (AGT) for its Field Offices located in the State of Uttar Pradesh, Bihar, Punjab, Haryana, Himachal Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Chhattisgarh, West Bengal, Karnataka, Tamil Nadu & Kerala. The selected candidates will undergo Training for a period of one year. […] Continue Reading

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Banks

Abhyankar at TAFCUB-Sikkim meeting

Posted on 16 October 2014

A TAFCUB-Sikkim meeting took place on last Monday  at Gangtok in which Dr Mukund Abhyankar , President of the apex body of Urban Cooperative Banks represented NAFCUB. There is only one UCB in the entire state of Sikkim which is being run professionally and the good news is it is CBS enabled. Regional Director RBI […] Continue Reading

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Cooperative Coffee Shop

Consumer Forum mightier than Govt!

Posted on 22 September 2014

By I C Naik One can conclude from experiences that the consumer forum is proving mightier than the Government. Call it lack of will or lack of boldness on the part of citizens, a simple solution of getting conveyance through Consumer courts escaped the attention cooperative activists equally: State Authorities do not consider cooperative housing […] Continue..

Co-op in grip of monster of regulations!

Maharashtra: Flaw in housing society bye-laws

Co-op News Snippets

Nabard sets up Rs 2,000 crore fund for food parks

Posted on 20 October 2014

The National Bank for Agriculture and Rural Development (Nabard) will commence direct lending to food processing industries in mega food parks and designated food parks by end of October. The Bank has set up a fund with a corpus of Rs 2,000 crore for this purpose, a top bank official said. “The government announced in […] Continue..

Government green light to co-op elections

Co-operative society officer assaulted

 

Cooperative Complaint Board

CKP Co-op Bank: No respite yet

Posted on 03 August 2014

There is no respite for CKP Co-op Bank depositors yet. Petitions and protests have failed to move the government, RBI and top cooperative leaders. Little do they realize that such incidents drive away the trust of people from what is touted as cooperative model? Through a circular issued in May RBI had said “the  CKP […] Continue..

Complaint against Refinery View CHS

Selling surplus flats to cronies!

Cooperative Success Stories

Jasmine co-op society: Heroic fight by Kamat

Posted on 07 September 2014

This is a classic case of discrimination of a smaller group of members holding larger flats by a bigger group of members holding smaller flats in charging for common services provided. The story is about Vasant Vihar Jasmine Tower Co-operative Housing Society, a renowned housing society in Vasant Vihar, an upmarket area in the city […] Continue..

Success story of Rupjyoti SHG, Doligaon

Success story of The Gujarat State Co-op Bank Ltd. Ahmedabad