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  • 41st AGM: Headless Nafcub tries to look bold

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    The apex body of more than 1500 urban cooperative banks in the country NAFCUB held its 41st AGM this Sunday at the NCUI auditorium in Delhi. While its Vice-President R B Shandilya was happy to inform an increase in the profit of the Federation he had no words to offer on the current impasse in the Federation. Presently, the cooperative body is without a head. Delegates after delegates lamented ......
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  • Wish to instill honesty in co-ops: Sahakar Bharati Chief

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    “Instilling a culture of honesty in the working of cooperatives and among cooperators is our goal; we are here to establish a culture of transparency and fair play”, said the national President of Sahakar Bharati Jyotindra Mehta while addressing the Delhi State Conference of Sahakar Bharati. The Conference took place in the NDMC auditorium in Delhi on Sunday. Sahakar Bharati’s President J ......
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  • Sinha lauds IFFCO for farmer-centric moves

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    Addressing farmers at Ghazipur, Union Minister Manoj Sinha said farmers are feeding the whole country and their welfare is crucial to the country's progress. The govt has launched several policies to help them and it is encouraging to note that IFFCO and its Managing Director Dr U S Awasthi are also doing their best to help them, the union minister said. The minister praised IFFCO's digital pla ......
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  • Srijan Co-op: More arrests follow

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    EOU and Bhagalpur police have arrested incumbent as well as retired cooperative officials in connection with the Srijan multi-ctore scam in Bihar, say media reports. Incriminating evidences have been found against the accused, say police. The rise of Manorama devi from a one-room tailor shop to the higher echelon of power has been part of much of the media reporting last week. One of the arr ......
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  • NDDB & Amul fined for 1998 dropsy epidemic

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    A Delhi court has imposed a fine of Rs 2.4 crore on National Dairy Development Board (NDDB) for manufacturing Dhara mustard oil which caused epidemic dropsy leaving over 50 people dead and 3,000 people ill in the year 1998, reports DNA. The court imposed the fine in 12 cases with a fine of Rs 20 lakh each in individual cases. The issue had rocked the Lok Sabha in 2000. The court also imposed ......
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  • Only Registrar can remove co-op director: Court

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    While hearing a petition, Orissa High Court has ruled that only cooperative registrar has the power to remove a director of Odisha State Cooperative Bank (OSCB) reports Odishatv.in. The petition had been moved by Mahendra Naik one of the directors of the bank. High Court said the bank's managing director and president have no role in the removal of a director. Earlier, as directed by the ......
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Cooperative Coffee Shop

  • Housing Manual-Empty Mandate to Maharashtra C H S

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    By I C Naik Hardly known provisions of Section 79A of the M C S Act 1960, virtually vest the power of the State legislature to the bureaucracy to legislate on housing societies. If the State Government (the bureaucracy) is satisfied that It is in the public interest or to secure the proper management of the business of the society generally, or for preventing the affairs of the socie ......
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  • 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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