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  • NACOF re-elects Ramekbal as Chairman

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    Former NCCF Chairman Ramekbal Singh who was denied a second chance in the 2005 NCCF election which veterans still remember as a classic case of cooperative back-stabbing had no such bad luck on Saturday when the newly elected Board of 11 directors elected him Chairman of the multi-state agri co-operative NACOF unanimously. Harjeet Singh Grewal and Gurumukh Singh Hora were elected Vice-Chairmen....
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  • Case Study: IFFCO way of bringing smiles!

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    IFFCO has taken the plunge and begun rejuvenating soil through a network of its employees across states. The cooperative goliath's initiative has suddenly gained visibility in a sleepy village Shreepur, in the district of Supual in the northern part of Bihar. A farmer of the village named Nirlobh Acharya approached this correspondent to tell his story of woes. He was tired of irrigating a piece...
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  • Sayeed for greater co-op role in state

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    The function of apex body of cooperative banks NAFSCOB held last week in Srinagar proved eventful with the Chief Minister Mufti Muhammad Sayeed underscoring that rural economies could be revived only with the help of cooperatives. Mufti said the institutional finance to the people from Cooperative Banks can play a vital role. “I have asked my Finance Minister to amalgamate all Cooperative Ban...
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  • Parag in Amul’s foot-steps for a foot-hold in Russia

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    Maharashtra-based private dairy player Parag Milk Foods is in race with Gujarat-based dairy cooperative Gujarat Cooperative Milk Marketing Federation (GCMMF) to start exports to Russia. According to Parag, while the Russian authorities have inspected a few Indian dairy players, they have approved around two players in the last five months, reports Business Standard. Earlier in January, GCMMF wh...
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  • Beware of fake co-operatives of Pearl group!

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    Co-operative societies of Pearls Group are still duping gullible investors, promising high returns of their investments and plot of lands besides marketing of farm produce among other things. Even though the Central Bureau of Investigation (CBI) had swooped down on this dubious group of companies in 2014, the agents of Pearls Group are continuing their nefarious operations with impunity, says a re...
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  • Karnataka Minister lauds co-op banks

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    Hindu reports Vinay Kumar Sorake, Urban Development Minister, of Karnataka said cooperative banks have been able to reach small land holders and offer loans to them in Udupi and Dakshina Kannada districts. He was speaking after inaugurating the 96th branch of the South Canara District Central Cooperative (SCDCC) Bank at Parkala. According to the minister, cooperative banks were closer to the pe...
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Cooperative Coffee Shop

  • CHS : Converting a residential flat to commercial

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    By I C Naik Big news in Mumbai is that the State Government has junked the controversial BMC Development Plan 2034. Lesser known good news is, this has perhaps subconsciously woken up the management of Mumbai Metro housing societies to the core issue of housing; namely BMC’s power to permit flat-owners in housing societies to make user change from residential to comm...
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  • How do we finance co-operatives?

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    By Ed Mayo It is one of the biggest issues facing co-operative businesses today: how does a co-operative bring in the finance it needs to develop while ensuring the members stay in control? It is also one of the two debates at Co-operative Congress on 27 June, where co-ops across the country will come together to discuss critica...
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  • Implications in case of user-change of a flat in Maha

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    By I C Naik In Part 8 we examined the above important issue at length. We all know that Bye-Laws and two forms in Appendix 3 and Appendix 12 prescribed there under forbid any change in the original user purpose without the previous consent in writing of the Committee. Every prospective member signs an undertaking to that effect on a stamp paper of Rs 200. The flat Allo...
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  • MAHA CHS: Flaws in members’ Undertaking ; Part 8

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    By  I C Naik The uses of dwelling units ( home, residence, private abode) in cooperative housing societies in Mumbai (and whole of Maharashtra) for purposes which are prone to generating sources of squabbles and threat to peace and harmony is a biggest flaw of the Model Bye-Laws. It started with a definition of flat which is mindlessly borrowed from the MOFA 1963. ...
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