Politics vs governance: on Urban Cooperative Banks

Synopsis: The Madhya Pradesh High Court’s decision to stay the Reserve Bank of India’s circular may delay the shift towards better governance in Urban Cooperative Banks (UCBs). Introduction The RBI had in June this year said that Members of Parliament, Assemblies, municipal corporations, municipalities, or other local bodies could not hold the corner-room post, or be a… Continue reading Politics vs governance: on Urban Cooperative Banks

Increasing Cooperative Activities in Agriculture Sector

Source: PIB What is the News? The Minister of State for Cooperation has informed Rajya Sabha about the Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) scheme. About Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) scheme: CSISAC scheme is the result of a merger of two erstwhile schemes of 11th Five-Year Plan viz;  Restructured… Continue reading Increasing Cooperative Activities in Agriculture Sector

SC junks part of 97th amendment

Source: Hindu What is the news? The Supreme Court has knocked down portions of a constitutional amendment that limited states’ exclusive control over cooperative organizations. Introduction Part IXB, added to the Constitution in 2012 by the 97th Amendment, outlined the rules for operating cooperative organizations. The amendment’s provisions, which were passed by Parliament without being… Continue reading SC junks part of 97th amendment

Ministry of Cooperation – Explained, pointwise

Introduction In a recent move, a separate Ministry of Cooperation was created by the Government of India for realizing the vision of ‘Sahkar se Samriddhi’. As per the government, the Ministry of Cooperation would work towards strengthening the cooperative movement in India. Also, the creation of this ministry is in line with the Finance Minister’s… Continue reading Ministry of Cooperation – Explained, pointwise

Cooperatives for sustainable mining: NGT

The chairman of the committee of the National Green Tribunal(NGT) for rat hole mining in Meghalaya has advised small coal mine owners in the State to form cooperatives to shift to scientific and sustainable mining. He added that cooperatives will have to ensure the safety of mining workers and sustainability of the environmentally vulnerable areas.… Continue reading Cooperatives for sustainable mining: NGT