Home

Latest News

  • Fishing for validation: Credit co-ops are desperate

    0
    In the wake of demonetization, the credibility of cooperative banks and credit co-operatives has hit an all time low. Worried, several CEOs and Chairmen of co-op banking institutions would like the govt. to issue a statement clearing up the misunderstanding surrounding the cooperative sector banks. But their wish is yet to be fulfilled. Working in the unorganized sector, some of the credit co-o ......
    Read more
  • Digi Platform: IFFCO MD uses PM’s words to his advantage

    0
    IFFCO MD Dr U S Awasthi lapped up the utterances related to agriculture by Prime Minister Narendra Modi in “mann ki baat” emphasizing that connecting young farmers to a digital platform is the mission of IFFCO and it would do its bit to realize the dream of a strong India as envisaged by the Prime Minister. Appreciating PM’s words that the country’s development depends on the developmen ......
    Read more
  • NCUI: Back from campaign Chandra Pal joins office

    0
    Joining office last Saturday after a hectic campaigning in Jhansi NCUI President Chandra Pal Singh Yadav worked at full speed clearing scores of files, NCUI sources say. Being the funding agency for many of the co-operative projects, a lot many files were to be cleared and he did so in no time, said N Satyanarayan, the Chief Executive of the apex body. The NCUI president also reviewed the prepa ......
    Read more
More :

Featured

News Snippets

  • NCDFI: Kishor Suprekar promoted as MD

    0
    Mild-mannered Kishor Suprekar has climbed to the position of Managing Director of National Cooperative Dairy Federation of India (NCDFI) leading to scores of congratulatory messages for him on social media. “Very happy to note your climbing to the position of MD, NDCFI..all the best!” wrote one of his followers. Based at Anand(Gujarat), NCDFI is the apex organisation of the cooperative dair ......
    Read more
  • TN: PACS President arrested for demanding bribe

    0
    Anti-corruption police arrested President of Natrampalli primary agricultural cooperative bank(PACB) in Tamil Nadu for demanding and accepting a bribe from a farmer for a loan, reports Hindu. Police officials say the president of the PACB, had initially demanded a bribe of Rs. 6,000 to release a crop loan of Rs. 60,000. The president finally settled for a bribe of Rs 5,000. Rubbed up the ......
    Read more
  • Penalty on Janata Urban Co-op Bank, Satara

    0
    The Reserve Bank of India has imposed a monetary penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara in exercise of the powers vested in it. In a press release RBI says “During the financial year 2013-14 the bank’s credit exposure towards housing/real estate/commercial real estate formed 18.8% of the preceding year’s net total assets thus exceeding the limit of 15% prescr ......
    Read more
More :

Cooperative Coffee Shop

  • Credit co-ops: Resolution of confusion over 80P

    0
    By Radhakrishnan K.V A lot of confusion is prevailing among the ITATs and Income tax authorities as well as the legal practitioners and Chartered accountants on the applicability of the provisions of Section 80P of Income Tax act 1961. The Section deals with deduction in respect of income of Co-operative Societies which is as follows:- “80P. Deduction in respect of income of co- operative ......
    Read more
  • Subsidizing Housing Society Charges

    4
    By I C Naik I came in to possession of the latest Bill of Society Charges raised by a 21 Story twin towers housing society (flats 164) in Mumbai. Break down of the amount charged is reproduced below. It is a question of a legality of a grant of subsidy of Rs. 759 (1259-500) per month? The Society is regulated by 1984 Mode bye-laws registered in 97-98. It’s Bye-law No 71(a) is no less th ......
    Read more
  • Will 2017 be the year of Hope or Despair?

    0
    By Dr Jaya Arunachalam The dawn of the year 2017 has resulted in the positive hope for over 1.25 billion Indian citizens due to new decisions and announcements of the Government. The Prime Minister on December 31, 2016 announced several new schemes as a future action plan to facilitate farmers, women particularly pregnant women, senior citizens, the small and medium scale enterprises (MSME), th ......
    Read more
  • What Donald Trump can do for cooperatives!

    1
    By Anca Voinea Now that America has chosen its 45th president, co-operatives will be wondering what Donald Trump can do for them. The president-elect has already pledged to cut taxes and promote deregulation in an attempt to boost growth. In his victory speech, he said: “It is time for us to come together as one united people. It is time. I pledge to every citizen of our land that I wil ......
    Read more
More :

Share This:

Facebook

Twitter