All posts tagged: cooperative

Ministry pushing RBI to open licences for more urban cooperative banks: Secretary Ashish Kumar Bhutani | India News

Ministry pushing RBI to open licences for more urban cooperative banks: Secretary Ashish Kumar Bhutani | India News

3 min readNew DelhiJul 28, 2026 03:02 AM IST The Ministry of Cooperation has urged the Reserve Bank of India (RBI) to open licences for more urban cooperative banks in the country, a top official said on Monday. Speaking at a book release function, Cooperation Ministry Secretary Ashish Kumar Bhutani said that India needs urban cooperative banks (UCBs) in every town of the country. Echoing the views, Satish K Marathe, director, Central Board of RBI, said there are hundreds of districts in the country that do not have UCBs. “Of the 1,450 UCBs in the country, almost 1,100 are in three states — Maharashtra, Gujarat, and Karnataka. The rest of the country has very few (urban cooperative) banks,” Marathe said, speaking after the release of the book ‘Cooperative Management: The Indian Perspective’, co-authored by KK Tripathy, Joint Secretary in the Economic Advisory Council to The Prime Minister. Harekrishna Misra and SK Wadkar co-wrote the book. Responding to the remarks made by Marathe, Bhutani said, “This is one of the biggest, I would say, focus areas …

Centre will start cooperative life insurance firm on the lines of Bharat Taxi: Amit Shah | India News

Centre will start cooperative life insurance firm on the lines of Bharat Taxi: Amit Shah | India News

2 min readNew DellhiJul 6, 2026 03:08 PM IST Union Cooperation Minister Amit Shah announced on Monday that the central government would soon launch a cooperative life insurance company and a utility aggregator cooperative on the lines of Bharat Taxi, India’s first cooperative-based taxi service. “We are set to develop a utility aggregator cooperative on the lines of Bharat Taxi in the near future. Building on the success of the IFFCO-Tokio insurance model, we are also going to establish a cooperative life insurance company, which will significantly advance the cooperative sector in the insurance domain,” Shah said at an event organised on the occasion of the fifth foundation day ceremony of the Ministry of Cooperation. Shah said that cooperatives contribute about 20 per cent of farm credit, 35 per cent of fertiliser distribution, 21 per cent of sugar production, and 35 per cent of milk production today. Shah also said that Bharat Taxi, launched on February 5 this year, would be available in every state and 500 cities in the next two years. Before the …

Maharashtra notifies new co-operative housing society rules: 5 key changes apartment owners should know

Maharashtra notifies new co-operative housing society rules: 5 key changes apartment owners should know

In a move expected to affect flat owners in co-operative housing societies across the state, the Maharashtra government has notified amendments to the Maharashtra Co-operative Societies Rules, 1961, introducing a comprehensive regulatory framework for such societies. The revised rules bring greater clarity on maintenance charges, nominations, membership, inheritance, self-redevelopment, governance and financial management, while also streamlining procedures for redeveloping ageing buildings. Maharashtra government has notified amendments to the Maharashtra Co-operative Societies Rules, 1961, introducing a comprehensive regulatory framework for such societies. (Picture for representational purposes only) (Gemini Generated Photo ) They also address long-standing issues related to flat ownership transfers, succession disputes, maintenance billing, parking and the accountability of managing committees. For apartment owners, the amendments promise greater billing transparency and a lower financial burden through reduced interest on delayed maintenance payments, stronger rights for nominees and heirs, and easier decision-making within housing societies. The reforms are also expected to reduce disputes over maintenance charges, succession, parking and society administration that frequently end up before co-operative courts and registrars. Here are five things flat owners …

Nashik jeweller arrested in Rs 38 crore fraud case involving TJSB Co-operative Bank

Nashik jeweller arrested in Rs 38 crore fraud case involving TJSB Co-operative Bank

The Nashik police have registered a case against six persons for allegedly cheating TJSB Co-operative Bank of Rs 38 crore and arrested Bafna Jewellers director Nilesh Bafna in connection with the fraud, officials said on Monday, reported PTI.  Loans allegedly obtained using inflated stock statements According to police, Bafna initially availed a cash credit facility of Rs 90 lakh from TJSB Co-operative Bank in 1998. He repaid the amount over time, earning the trust of bank officials. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Kannur Police Co-operative Society recruitment exam disrupted as KSU activists storm venue

Kannur Police Co-operative Society recruitment exam disrupted as KSU activists storm venue

The recruitment examination conducted for the last grade posts in the Kannur Police Co-operative Society was disrupted on Monday (May 11) after Kerala Students Union (KSU) activists stormed the venue, alleging attempts to facilitate backdoor appointments. The protest turned tense as activists allegedly tore question papers and disrupted the examination proceedings. The examination was being conducted for the posts of peon and night watchman. Around 50 candidates had arrived to appear for the test for two vacancies. KSU activists alleged that several applicants had not received hall tickets and claimed that the examination was being conducted secretly to facilitate backdoor appointments. On receiving information about the protest, MLA-elect T.O. Mohanan and Congress leaders reached the spot. District Congress Committee (DCC) president Martin George alleged that the hastily conducted written examination was intended to appoint CPI(M) loyalists before the new government assumes office. He further alleged that the entire recruitment process had been manipulated by accepting applications only from candidates backed by the CPI(M) and by preparing the list of selected candidates in advance. Meanwhile, Kannur …

Court accepts closure report in Maharashtra State Co-operative Bank case involving Ajit Pawar

Court accepts closure report in Maharashtra State Co-operative Bank case involving Ajit Pawar

File image of Ajit Pawar. | Photo Credit: PTI A court in Mumbai on Friday (February 27, 2026) accepted the closure report submitted by the city police’s Economic Offences Wing (EOW) in the case related to an alleged ₹25,000 crore scam at the Maharashtra State Cooperative Bank (MSCB), giving a clean chit to late Ajit Pawar and other accused. The court’s acceptance of the report came nearly a month after Pawar, then Deputy Chief Minister of Maharashtra, died in a plane crash in Baramati. Mahesh Jadhav, special judge for cases involving MPs and MLAs, accepted the `C-Summary’ report filed by the EOW stating that no criminal case was made out. The court also rejected protest petitions filed by activist Anna Hazare and others challenging the closure report. The alleged scam pertained to disbursal of loans to cooperative sugar factories, spinning mills and other entities by district and cooperative banks without following norms. The MSCB is Maharashtra’s apex cooperative bank. The probe began in 2019 following directives from the Bombay High Court. Besides Pawar, who was …

Clean chit for Ajit Pawar: Mumbai court accepts EoW closure report in Rs 25,000-crore Maharashtra State Co-operative Bank case | Legal News

Clean chit for Ajit Pawar: Mumbai court accepts EoW closure report in Rs 25,000-crore Maharashtra State Co-operative Bank case | Legal News

3 min readMumbaiFeb 27, 2026 05:32 PM IST A special court in Mumbai Friday accepted the closure report filed by the Economic Offences Wing (EOW) in the Rs 25,000-crore Maharashtra State Cooperative Bank case, clearing those probed, including late Maharashtra deputy chief minister Ajit Pawar, a firm linked to Deputy CM Sunetra Pawar, and over 70 others. Special judge Mahesh Jadhav accepted the C-summary closure report filed by EOW, stating that no criminal case is made out. The court also rejected the protest petitions filed by activist Anna Hazare and others, as well as an application by the Enforcement Directorate to intervene. The probe in the case began following directions of the Bombay High Court in 2019. The case concerned loans given to sugar factories by cooperative banks, including the Pune District Central Cooperative Bank, where Ajit Pawar had served as a director from 1995. EOW and the Enforcement Directorate alleged that several sugar factories were deliberately shown as financially unviable, and then declared non-performing assets before being sold at low prices to companies allegedly …

Bihar to explore potential of cooperative farming, teams to visit Gujarat

Bihar to explore potential of cooperative farming, teams to visit Gujarat

Sakri and Raiyam sugar mills have been closed since 1997. Raiyam mill was established in 1914 while Sakri mill was set up in 1933. (Representational image) | Photo Credit: Getty Images/iStockphoto With a view to explore the potential of carrying out “cooperating farming” in the State, Bihar’s Cooperative Minister Pramod Kumar on Monday (February 23, 2026) asserted that teams of 50 persons each associated with cooperative societies will be sent to Gujarat to study cooperative farming. Asserting that the State has potential for cooperative farming in view of small land holdings, Mr. Kumar while addressing the press said that “a team of 50 persons each associated with cooperative societies of the department will visit Gujarat and see how people are carrying out cooperative farming and how it is creating employment opportunities there (in Gujarat). The teams after studying Gujarat’s cooperative farming will replicate the same in Bihar.” Stating that Bihar has the potential of carrying out cooperative farming, the Minister said that “now the State’s farmers do not have big land holdings. Earlier, farmers used …

‘Cooperative Partners Instead Of Rivals’: China After Strategic Dialogue With India | India News

‘Cooperative Partners Instead Of Rivals’: China After Strategic Dialogue With India | India News

Last Updated:February 11, 2026, 07:03 IST India and China struck a conciliatory tone after their Strategic Dialogue, with Beijing saying the two sides should see each other as “cooperative partners instead of rivals”. Prime Minister Narendra Modi with Chinese President Xi Jinping (File photo/PTI) India and China on Tuesday sought to project a stabilising tone in their ties, with Beijing stating that the two countries should view each other as “cooperative partners instead of rivals” and as development opportunities rather than threats. The remarks came after a fresh round of the India-China Strategic Dialogue held in New Delhi between Foreign Secretary Vikram Misri and China’s Executive Vice Foreign Minister Ma Zhaoxu, who is in India for BRICS-related meetings. The Chinese Foreign Ministry and India’s Ministry of External Affairs (MEA) issued separate readouts outlining the discussions, which ranged across bilateral ties, border stability, trade concerns and multilateral cooperation. ‘COOPERATIVE PARTNERS, NOT RIVALS’: CHINA In its statement, Beijing said the two sides had held “friendly, candid and in-depth” talks on the international and regional situation, domestic and …

KRRS embarks on co-operative natural farming to fight agrarian crisis

KRRS embarks on co-operative natural farming to fight agrarian crisis

KRRS leaders launching community natural farming initiative in Chamarajanagar District. | Photo Credit: SPECIAL ARRANGEMENT To turn farming into a sustainable and profitable venture, the Karnataka Rajya Raitha Sangha (Collective Leadership) is set to promote co-operative natural farming along with innovative marketing. “Under this experiment, five farmers from each village are registered with the farmers’ Producers’ Organisation (FPO) Nammadu to take up natural farming on 20 guntas (half acre) of land as an unit. Of this, 10 guntas will be dedicated to growing crops for consumption of their own family. On the remaining 10 guntas, the five farmers will have to take up joint cultivation of prescribed crops like vegetables including creepers, tubers and greens under natural farming methods to ensure chemical-free food,” said KRRS leader Chukki Nanjundaswamy, who is spearheading this initiative. Through santhes The FPO will directly sell this produce to consumers through its santhes (shandies) that are already popular in Bengaluru and pass on the proceeds to farmers. These santhes will be managed by farmers by turns, she noted. The on-field training …