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  • Bhagalpur co-op scam: CBI probe ordered

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    Indian Cooperative was the first news portal to have broken the news of co-operative scam in Bhagalpur before it could catch the attention of national media. Now on Thursday the state government decided to recommend a CBI probe into the alleged swindling of Rs 700 crore of government funds by a Bhagalpur-based cooperative society Srijan Mahila Vikas Sahyog Samiti Limited. A notification is like ......
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  • Souharda Fed Co-op: Elected Directors choose Reddy as Chairman

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    B.H.Krishna Reddy has been elected unopposed as the new Chairman of Karnataka based powerful cooperative body Karnataka State Souharda Federal Cooperative. Jagadish Kavatagimatta from Belgavi Division has been declared elected as the Vice-Chairman. Their elections took place last Monday in Banglore. It bears recall that in the elections held a fortnight ago the panel led by Sahakar Bharati had ......
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  • Cooperators celebrates 71st I-Day with gusto

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    Reports of cooperators celebrating the 71st Independence Day with full enthusiasm are pouring in from several parts of the country. From small to big-all co-operatives have participated in the great national festival on Tuesday. The apex body of Cooperatives National Cooperative Union of India (NCUI) President Dr Chandra Pal Singh Yadav said “Salute to the Nation and best wishes to all my fel ......
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  • Co-ops must bond strongly with members: CM

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    Kerala chief minister has called upon cooperatives to play their role in the healthcare sector so that all sections of society could access necessary medical facilities, reports Hindu. Chief Minister said this while addressing a function organized by a cooperative body in Kakkanad. Pinarayi Vijayan also urged cooperative banks to build strong bonds with their members especially farmers so th ......
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  • Co-op banks under CBI lens

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    CBI has launched a massive crack down on banks including scores of cooperative banks and individuals involved in illegal exchange of demonetized notes, reports Hindu. A source says, 70 cases have already been registered, many people have been taken into custody and an initial amount of Rs 400 crore is supposed to be involved in the illegal exchange. Several cooperative banks were found indul ......
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  • 4th Advance Food-grains Estimate : Record 275.68 mn tonnes estimated

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    The 4th Advance Estimates of production of major crops for 2016-17 have been released by the Department of Agriculture, Cooperation and Farmers Welfare. The assessment of production of different crops is based on the feedback received from States and validated with information available from other sources. Total Foodgrains production is estimated at record 275.68 million tonnes. While rice i ......
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Cooperative Coffee Shop

  • Want to succeed, think regional first

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    By RS Sodhi, MD GCMMF So many people ask me that why is it that no other brand is able to succed in the dairy segment? The reason is simple, the business goals or the objectives are diagonally opposite. As a CEO for a co-operative I have to buy my raw material, of which 90% of the cost is of milk, which is high. And I have to sell my finished product at such a price, that I can buy all the raw ......
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  • Flat Transfer Premium- An issue of public interest

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    By I C Niak After a long spell of time Flat Transfer Premium (FTP) in the news. It’s matter of   concern for a class of co-operative housing societies 3000 in Mumbai and 20,000 all over the State of Maharashtra,  having buildings on the land belonging to the State Government.  FTP forms part of the State’s list of matters of public interest pursuant to an order passed under 79A(1) of th ......
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  • Welcome, join us, co-ops are open for all

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    By Anthony Murray “We do not leave anybody behind.” If there’s a slogan that encompasses the values that co-operatives adhere to, then that could be a contender. All seven co-op principles revolve around the need to be inclusive and to serve the members of our co-operative community. So it’s no surprise that ‘inclusion’ was this year’s theme for the International Day of Co-o ......
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  • Bye-laws and laws-are they same?

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    By I C Naik Several people wonder whether the Laws and Bye-laws were the same or there is a difference.  Every cooperator must know the distinction between the two and in case of housing societies the committee members must be well versed with registered bye-laws of their housing society. In reality it’s a disaster. “Society Bye laws are not even laws of land!” This is what I wrote on ......
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