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  • NAFSCOB Chairman meets new Kerala CM

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    Dilip Bhai Sanghani Chairman NAFSCOB the apex body of state cooperative banks along with other office bearers of the federation paid a courtesy call on the new Kerala Chief Minister Vijayan Pinarayi in Thiruvanthapuram. The meeting took place immediately after the oath taking ceremony. NAFSCOB MD Bhima Subrahmanyam who was with his chairman while the meeting took place posted the news as well a...
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  • IFFCO: Historic decision on fertilizer price announced

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    The 45th AGM of the largest cooperative of the country IFFCO was held with uncommon elan on Wednesday at the NCUI Headquarters in Delhi. The climax of the event was the announcement made by its MD Dr U S Awasthi of the decision to slash the rate of fertilizer by Rs 1000 per ton embracing in effect the concept of reduced profits. We have done many things f...
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  • IFFCO to venture into agriculture machinery

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    In the 45th AGM the Managing Director of IFFCO Dr U S Awasthi announced that IFFCO would venture into the business of agricultural equipment as the prices being charged from the farmers in the market are a complete rip-off. Awasthi said what you buy for Rs one lakh from the market should actually be priced at Rs 60-70 thousand. But all these will change with our intervention, he assured. The...
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  • Shatabdi Mahila Sahakari Bank in trouble

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    The Reserve Bank of India notified that the Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended vide directive dated February 04, 2015; dated July 21, 2015 and dated November 04, 2015 for a period of six mon...
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  • Maize production: Singh asks corporates to step in

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    Business Standard reports Union Minister for Agriculture and Farmers' Welfare Radha Mohan Singh has called upon the corporate to step in and add value to the maize produce to enhance farm incomes. The minister was opening the India Maize Summit, 2016 organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) and National Commodity and Derivatives Exchange (NCDEX). The mi...
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  • Awasthi walked as a cult figure

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    IFFCO had showcased its various activities encapsulated in separate enclosures in the sprawling lawn of NCUI in Delhi and its MD Dr U S Awasthi walked from stall to stall as a cult figure along with the Chairman B S Nakia and a few Directors including Aditya Yadav. Hundreds of cooperators followed them in tow. The 45th AGM saw unprecedented presence as people vied with one another to catch the ...
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Cooperative Coffee Shop

  • The Global Outlook and India: RBI Guv

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    Delivering the Mahtab Memorial Lecture at Bhubaneswar on May 21, 2016, Dr. Raghuram Rajan, Governor, Reserve Bank of India emphasised that even though policies in the rest of the world could enhance uncertainty and volatility for emerging markets like India, because of measures taken by the government and the central bank since the “taper tantrum” in summer of 2013, India was much better prepa...
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  • IFFCO MD talks of his life and mission

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    Cooperative legend Dr U S Awasthi needs no introduction. Heading the largest fertilizer cooperative of the country he is seen as the guardian of about 4 crore farmers connected to IFFCO through 40 thousand member-cooperatives. Indian Cooperative in an exhaustive interview tried to know what is there in him that enabled him to effect the turnaround in the IFFCO’s fortunes in the nineties. The coo...
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  • Creativity at work: RO framing rules of co-op elections

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    By I C Naik Elections to committees of smaller housing societies (members below 200) in Mumbai are picking up the momentum.  The procedures are more or less the same as were hitherto, except that the Returning Officer is an officer deputed by the State Cooperative Election Authority. The written instructions being issued by the concerned RO look like a mandatory election code ...
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  • 97th CAA : Is NDA delaying it deliberately!

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    Amidst charges of the NDA govt not being serious about the 97th CAA presently lost in the maze of cases in the Supreme Court, the apex body of cooperatives NCUI has decided to plunge headlong into the matter. The apex body is meeting lawyers, ministry officials and others for quick resolution to the legal tangle. Indian Cooperative talked to several cooperators who accuse the NDA government of ...
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