Featured
IFFCO does not fall under RTI: High Court
In a major boost to IFFCO’s legal stand that being member-driven cooperative it lies beyond the purview of the RTI Act- has been upheld by the Delhi High Court on Monday. RTI activist Subhas Chandra [..]
Featured
Union Budget and Co-operatives
By I C Naik Every Sector looks through fine prints of budgets every year to find if there was anything favourable coming up next fiscal? Cooperative is not an exception. Many of us heard for the fir [..]
Featured
G N Saxena: Chanakya of co-operatives retires
Dr Gopal Narayan Saxena, Director of Cooperative Development at the largest farmers’ cooperative IFFCO was given a warm farewell by his colleagues Friday in the Board meeting in Delhi as his extende [..]
Featured
NCUI: Election fever rises; Sahu out, others may follow
The new Governing Council of the apex cooperative body NCUI is certainly going to have a changed complexion with many outgoing members’ fate hanging in the balance. There are many people working [..]
Featured
Kribhco: Chandra Pal returns after 5 years
A winning streak for Chandra Pal Singh has continued when on Thursday he was again declared elected Chairman of KRIBHCO- the second largest fertilizer cooperative after IFFCO. The NCUI headquarters at [..]
Featured
KRIBHCO: Chandra Pal set to take over
The February 12 election of the fertilizer cooperative giant KRIBHCO has boiled down to contest on just one solitary seat represented by Sudhakar Chaudhary from Andhra Pradesh. There was nomination th [..]
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Recent News
From States
Computerization of co-ops: Shivraj seeks Nabard’s help
Posted on 05 March 2015
Chief Minister Shivraj Singh Chauhan in a meeting with NABARD chairman has urged Nabard to extend technical cooperation and financial assistance for computerization of cooperative banks in the state, according to a report by Business Standard. Chauhan said the state government can get loans worth Rs 10,000 crore in next three years if NABARD reduces […] Continue Reading
Dairy
Budget will have mixed effect: Sodhi, MD (GCMMF)
Posted on 05 March 2015
Mr R S Sodhi, the Managing Director of GCMMF which owns the famed brand Amul has given his take on the Union Budget on our request. We produce the same verbatim-Editor For Cooperative Sector, the budget will have a mixed effect. Budget is good for those cooperatives who are in manufacturing of products. They have […] Continue Reading
Banks
Ex-CEO of Vaishali UCB arrested
Posted on 04 March 2015
Rajasthan police have arrested Amit Agrawal director of research center of Jaipur engineering college, in connection with embezzlement of Rs.11 crore of Vaishali urban cooperative bank in Jaipur. Amit Agrawal resident in civil lines has been the CEO of the bank. Already in january police investigation had begun. Additional registrar cooperative societies had lodged a […] Continue Reading
Banks
United Comm Co-op Bank, Kanpur loses license
Posted on 03 March 2015
Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank based in Kanpur (Uttar Pradesh). The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank citing several […] Continue Reading
IFFCO
Unified National Agriculture Market will help farmers: IFFCO MD
Posted on 02 March 2015
IFFCO Managing Director Dr U S Awasthi has lauded the union budget for its provision to create Unified National Agriculture Market that is billed to help farmers in a big way who are more often than not forced to sell their produce to the cunning middlemen. In his budgetary speech Union Finance Minister Arun Jaitley […] Continue Reading
NCUI
“Where is sabka saath sabka vikas”, asks Chandra Pal
Posted on 02 March 2015
In a scathing attack on the NDA government’s first union budget National Cooperative Union of India’s President Dr Chandra Pal Singh Yadav said that the idea in the slogan “sabka saath and sabka vikas” has been defeated by this budget. If you analyze it deeper sabka saath and sabak vikas is nothing but cooperative spirit […] Continue Reading
UCB
Budget has nothing for UCBs: Goyal
Posted on 02 March 2015
The Union Budget presented before Parliament by Union Finance Minister, Arun Jaitley for the year 2015-16 is a comprehensive budget giving boost to trade and business. Cosmos Bank’s Chairman, Krishnakumar Goyal specified that this budget has not addressed any issues pertaining to Urban Co-operative Banks and do not have any concrete measure for their development. […] Continue Reading
NAFCUB
Achech din kab ayenge; asks NAFCUB Prez
Posted on 01 March 2015
NAFCUB President Mr Mukund Abhyankar is not happy with the union budget presented by the Finance Minister Arun Jaitly on Saturday in the Parliament. He says it is not at all kind to urban co-operative bank or the Credit sector as 80 P continues despite our umpteen requests. Abhyankar lamented that NAFCUB which is the […] Continue Reading
Co-op News SnippetsFraud in PACS in Tamil Nadu village Posted on 04 March 2015 According to an Indian Express report, the cooperative dept has ordered a departmental enquiry against two employees of the Primary Agricultural Cooperative Bank in T. Periyakaram village in Vellore in Tamil Nadu. The fraudsters are accused of siphoning off an amount of Rs 24 lakh. The two employees have already been put under suspension. Officials […] Continue.. |
• Housing scheme by Idukki Co-op Bank |
• Share of co-op banks dwindling: NABARD |
Cooperative Success StoriesA cooperator with a difference! Posted on 10 January 2015 Dr Sukesh Zamwar the Managing Director of Buldana Urban, a highly successful multi state cooperative society active in the Buldana region in Maharashtra is a cooperator with a difference. An orthopedic surgeon by training Zamwar’s entry into cooperative was not premeditated. After finishing MBBS he went to Germany to become a knee-replacement expert, and on […] Continue.. |
• GSCB OPENS NEW BRANCH |
• Jasmine co-op society: Heroic fight by Kamat |
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