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  • IFFCO begins search for worthy cooperators

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    IFFCO Managing Director Dr U S Awasthi has written letters to all the state cooperative unions seeking recommendations of names of worthy cooperators for its prestigious Sahakarita Ratna and Sahakarita Bandhu Awards for the year 2014-15. The letter reads “you are kindly aware that IFFCO has instituted two awards namely, IFFCO Sahakarita Ratna & Sahakarita Bandhu Awards to be conferred on ...
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  • Corporate fails as India is a land of co-operatives: Sodhi  

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    GCMMF Managing Director R S Sodhi tweeted that there is no slowdown in our sector. Puncturing the Corporate model Sodhi said “we buy our raw material at high prices and sell our finished product at reasonable prices. Our model works on scale. Whereas corporates buy raw material at low price and sell finished products at high prices, rendering them unable to compete with cooperatives. In an in...
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  • Chandra Pal observes father’s Punya tithee

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    Tearing himself free from the grueling engagements of Delhi Chandra Pal Singh Yadav, NCUI President headed for Dakor village of Jalaon to observe 8th Punya Tithee of his father late Shri Thakur Prasad Yadav. Dakor is his native villages and is about 130 km from Jhansi from where he studied and learnt his political lessons. Biscomaun Chairman Sunil Singh who ...
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  • Govt earmarks Rs 200cr for National Agri market

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    In order to promote National Agricultural Market, the Union govt has approved a Agri-Tech Infrastructure Fund (ATIF) for implementation during 2015-16 to 2017-18 with a budget of Rs.200 crores. The Scheme envisages implementation of NAM through Small Farmers Agribusiness Consortium (SFAC), which is an autonomous organization under the Department of Agriculture and Cooperation (DAC). It provi...
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  • IFFCO’s workshop for strengthening co-ops in TN  

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    IFFCO Foundation is conducting a workshop for strengthening cooperatives in Tamil Nadu at Accord Metropolitan Hotel in Chennai Monday. The two day workshop will have about 27 RGB members drawn from various parts of the state, informed Rama Chandran who is acting as the coordinator for the show. Smt. Santha Sheela Nair IAS (Retd) and Vice Chairperson, Stat...
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  • Maharashtra: Amendment likely in APMC Act

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    The BJP govt in Maharashtra intends amending the APMC Act, that will allow it to nominate four technical experts on every market committee, inform media reports. The Amendment Bill of Maharashtra Agriculture Produce Marketing (Development and Regulation) Act 1963 has been introduced in the Assembly and the House is likely to pass it. According to the Bill, the special invitees will be expert...
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  • Hon. SCEA, Please guide CHS, do not confuse

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    By I C Naik My story on the pet subject of Associate Membership of CHS in Maharashtra (4 2 2015) titled “SCEA compounds confusion on AM” was based on the TOI story (Page 4, Mumbai, dt. 2-02-2015). No official content was available. The said report carried views of  Mr. Shrikrushna Wadekar (the ASCEC) and CA Ramesh Prabhu, President, AHWO of India to the effect that  “wi...
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  • Cooperative behaviour is not instinctive, but learnt

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    (By Roman Researchers) Cooperative behaviour is not an instinctive impulse or deliberate choice, but a learning process. Researchers of CWI and LUISS Guido Carli in Rome showed in an experiment that people living in a low-trust society intuitively choose non-cooperation in games. However, after playing several times their intuitive choices be...
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  • Large banks - too big to fail;Co-op banks-too big to be a cooperative!

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    By Balu Aiyer I recently had the opportunity to share the stage with luminaries from the banking sector and stalwarts from cooperative banking field in India. Mr. R. Gandhi, Deputy Governor of the Reserve Bank of India (RBI); Mr. R. Amalorpavanathan, Deputy Managing Director of, National Bank for Agriculture and Rural Development (NABARD); Dr. M.L. Abhyankar, National Federatio...
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  • Cooperative test: the most important principles of a co-op

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    By Anthony Murray To be officially recognised as a co-operative, all societies must undergo a ‘test’ to determine if they are ‘bona fide’. In an attempt to clarify what this means, the sector’s registrar, the Financial Conduct Authority, is proposing a definition. Last year, the FCA asked societies and individuals to respond to its guidance on what makes a co-op...
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