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  • IC Exclusive: Verma vows to free co-ops of Yadavs’ clutch

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    A new mood has dawned in the most populous state of the country –Uttar Pradesh and the newly appointed Cooperation Minister Mukut Bihari Verma cannot remain unaffected by it. While the new CM Adityanath Yogi seems determined to reestablish the rule of law and embark on a course of development that would upend the old order, his cabinet colleagues are no less resolved to stem the rot in their ......
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  • Apex Bank distributes POS machines

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    In a bid to fulfill PM Narendra Modi dream of making India a cashless economy, Chhattisgarh State Cooperative Bank chairman Ashok Bajaj has distributed mPOS machines to the customers having current accounts in the bank. At the time of demonetization several cooperative banks had come under the radar of the Income tax dept because they indulged in irregularities accepting old currency notes. How ......
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  • Amul: Bombay HC refuses to grant interim stay to HUL

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    Giving a shot in the arm of cooperative major Amul, the Bombay High Court has refused to grant interim stay to HUL against Amul real Milk real ice cream ads. Readers would recall a case has been filed in the Bombay High Court seeking withdrawal of the Amul ad from the public domain as soon as possible. The Kwality Walls a well known frozen dessert brand owned by Hindustan Unilever has petitione ......
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  • Revolutionary idea: Solar plant in District Dairy Co-ops

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    National Dairy Development Board (NDDB) Chairman, Dilip Rath mooted the idea of solar photovoltaic (PV) plant in each of the Dairy Cooperative Societies in the country for meeting their energy needs as well as earning extra money. Speaking on the occasion of Mujkuva Dairy Cooperative Society’s 60th anniversary, Rath said it will allow the society not only to meet its own electricity needs but ......
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  • Maha: CHS fails to get authorization letters

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    Cooperative housing societies in Pune and Chinchwad area in Maharashtra are sore angry at the fact that despite a circular issued by the cooperative department, local bodies are not helping them with authorization letters, reports Times of India. However, when asked civic officials pleaded ignorance of the circular. Pune city and PCMC in total have 16,000 registered housing societies. The co ......
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  • IFFCO MD explains co-op concept to school kids

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    During his tour to Nagoan in Assam, when IFFCO Managing Director Dr U S Awasthi met school children, he tickled their curiosity towards agriculture explaining to them how the fertilizer cooperative works for the growth and development of school children through its various village programmes. In his tweet he wrote “#IFFCO also work for growth & development of school going children in its ......
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Cooperative Coffee Shop

  • Increasing co-op impact by 2030

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    By Anca Voinea Over the next decade the number of co-op start-ups will double and membership will increase by 15%, according to the draft outline of a National Co-operative Development Strategy. The final stage of the year-long strategy was launched by Dame Pauline Green, former president of the International Co-operative Alliance, who chaired a panel experts that pulled together the strateg ......
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  • CHS in Mumbai “Inside” or “outside” of RTI

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    By I C Naik TOI March 2, 2017 detonated an RTI bomb on around 75,000 housing societies perhaps miss-reading the 13th February Order of the Aurangabad Bench of the Bombay High Court. The Bench dismissed writ petitions filed under Article 226/227 of the Constitution of India by Jalgaon Jilla Cooperative banks’ association claiming their status as “outside” of RTI Act 2005. The order has bee ......
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  • Co-op & RTI: Recognizing Ground Realities

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    By I C Naik Apropos the post by Shri Ajay Jha titled “Confusion abounds: Now HC Bench says co-ops fall under RTI “ this post tries to discern the confusion on an eccentric pitch. The Bombay High Court Aurangabad Bench (the Bombay HC)” rejected the relief sought by Jalgaon Jillha Urban Cooperative Banks Association Ltd vide Writ Petition No.1304 filed in 2008  under Article 226 and 227 ......
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  • Credit co-ops: Resolution of confusion over 80P

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    By Radhakrishnan K.V A lot of confusion is prevailing among the ITATs and Income tax authorities as well as the legal practitioners and Chartered accountants on the applicability of the provisions of Section 80P of Income Tax act 1961. The Section deals with deduction in respect of income of Co-operative Societies which is as follows:- “80P. Deduction in respect of income of co- operative ......
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