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Featured, NCDC
NCDC (Amendment) Bill 2012 tabled in Parliament
The UPA government has introduced a proposal for a new law in the Lower House of Parliament aimed at enabling the National Cooperative Development Corporation to give loans to companies and such units managed by farmers selling agricultural produce on the market. Sources say companies managed by farmers can greatly improve the living conditions of [...]
Events, Featured
Stop sponging off govt :Sharad Pawar
Coming down heavily on cooperative leaders of the country Union Cooperation Minister Sharad Pawar asked them to mend ways if they have to survive. Comprising of over six lakh societies, cooperative sector suffers from “dependency syndrome” that has prevented it from functioning in a democratic and professional manner, he said. Union Agriculture Minister was caustic [...]
Featured, World
White House welcomes Cooperative Leaders
For the first time in US history, the White House held a national briefing for the widest range ever of US cooperative leaders. The trigger for this historical event was the United Nations declaring 2012 as the International Year of Cooperatives (IYC). Clearly, the extensive IYC efforts of the National Cooperative Business Association (NCBA) and [...]
Featured, Misc.
Indian Cooperative dons a new look
Indian Cooperative will have a new look now.Started a couple of years ago, the news portal is tremendously encouraged by the massive response of its readers. In order to be able to serve our readers better, we have decided to add some special features.Our editorial team feels that there are many issues concerning cooperative legislations,acts and by-laws people are in the dark about.There is an urgent need for explaining them. There will be a feature “Cooperative Related Queries” in which readers’ doubts would be answered by the experts in the field.
Banks, Featured
UCBs: Govt focuses on poor cousins
The scene of urban cooperative banks in the country is a mixed lot with some of them capable of taking on corporate banks while others struggling to be in the business. While cooperative banks like Saraswat and Cosmos with turn overs in the range of Rs 20,000-30,000 crore are everybody’s envy, many of UCBs are [...]
Banks, Featured
Cosmos Bank plans 5000 Bachat Gats
Speaking at the inauguration Ceremony of Financial Inclusion & Women’s Empowerment Initiative organized by the Cosmos Co-operative Bank in Pune ,Mr Anand Sinha, Deputy Governor, RBI said that the apex Bank has always given importance to this theme. Deputy Governor and Senior Officials of the Reserve Bank have personally gone to various parts of the [...]
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Featured, NCDC
NCDC (Amendment) Bill 2012 tabled in Parliament
Posted on 18 May 2012
The UPA government has introduced a proposal for a new law in the Lower House of Parliament aimed at enabling the National Cooperative Development Corporation to give loans to companies and such units managed by farmers selling agricultural produce on the market. Sources say companies managed by farmers can greatly improve the living conditions of [...] Continue Reading
From States
Weaver Cooperatives a relieved lot in Maharashtra
Posted on 18 May 2012
The Maharashtra government has announced a waiver of loans given to weavers and hand loom workers till March 2010, a decision that may benefit thousands of independent workers as well as weavers engaged in cooperative and private sectors. Official sources claim the central govt had earlier approved nearly four thousand crore for the purpose covering 2011-12 and [...] Continue Reading
Events, Featured
Stop sponging off govt :Sharad Pawar
Posted on 17 May 2012
Coming down heavily on cooperative leaders of the country Union Cooperation Minister Sharad Pawar asked them to mend ways if they have to survive. Comprising of over six lakh societies, cooperative sector suffers from “dependency syndrome” that has prevented it from functioning in a democratic and professional manner, he said. Union Agriculture Minister was caustic [...] Continue Reading
Banks
Robbery in Co-op bank foiled
Posted on 17 May 2012
If the burglar alarm had not worked a primary cooperative agricultural bank at Attur in Tamil Nadu would have been burgled. Police say someone tried to enter the building of the bank in order to steal things. The equipment that makes loud noise got activated when the burglar switched on the light while illegally entering [...] Continue Reading
Sugar
Uttrakhand: Govt to revive sugar mills
Posted on 17 May 2012
The Uttarakhand government has recently decided to take all necessary steps to improve the condition of sugar mills in the state. The govt has already set up a sub-committee to look into the problems facing sugar mills including the cooperative sugar mills. There have been reports that the cooperative sugar mills have not only been [...] Continue Reading
From States
MP: CM monitors paddy procurement
Posted on 17 May 2012
The Madhya Pradesh government is endeavoring to procure as much wheat as it can from the farmers in the state. The Chief Minister Shivraj Chauhan is personally overseeing the whole process of procurement and checking if it is being done correctly. Mr Chauhan has made it clear that any irregularities or corrupt practices in procuring [...] Continue Reading
IFFCO
Insurance baron Lohiya joins Iffco-Tokio
Posted on 16 May 2012
Cooperative giant Iffco’s venture Iffco-Tokio General Insurance has appointed Yogesh Lohiya as managing director and chief executive. Lohiya, who succeeds S Narayanan, will assume the post on Wednesday. Prior to joining Iffco-Tokio, Lohiya was chairman and managing director of General Insurance Corporation of India. Iffco-Tokio General Insurance is a joint venture between Indian Farmers Fertiliser [...] Continue Reading
Banks
RBI pitches for Kisan Credit Card
Posted on 15 May 2012
The RBI has expressed its resolve to improve further the Kisan Credit Card plan so that farmers may get better credit facilities in the days ahead. It is in this context that the apex bank has called upon all the banks including the cooperative banks to provide farmers immediately with smart / credit cards The [...] Continue Reading
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