What is the news? Reserve Bank of India (RBI) Governor has indicated that the banking regulator will bring in sweeping regulatory changes to reform urban co-operative banks. The Prime Minister, the Union Finance Minister and the Governor were present at an event to mark the payment of nearly ₹1,300 crore to over 1 lakh depositors… Continue reading RBI Governor, PM signal reforms in trouble-prone urban co-operative banks
Tag: cooperatives
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
Contents1 Introduction2 Key objectives3 Need/Rationale4 What are cooperatives?5 Constitutional provisions6 Laws governing cooperatives7 Who controls the Cooperatives in India?8 Criticism9 Way forward 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… 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
