Human Welfare Credit & Thrift Co-operative Society ltd, Tripura branch is cheating the people of the state.
The officials are not giving any maturity and loan from November-2012.
They already taken 30-35 lacs rupees from the market but from Nov-12 they are not giving any maturity and loan.
CMD of this Society Mr Sawat is a lots of illegal work including those in co-operative registation.
It is alleged that he has already amassed Rs 4-5 crores in various scams.
I request you ...
–Compiled by I C Naik
For those cooperators who are engaged in making out a strong case for freeing cooperative banks from the control of National regulator the RBI …. following news is a shocker… Yes there are proponents of stricter control on all credit creating institutions as a safeguard against depositor’s money…
Here is a dispatch from a cooperator in Mumbai
ET BUREAU MUMBAI
PCCs can’t take deposits without RBI nod within a year of norms notification
“Thousands of ...
Kesar Harmony, Secretary KH-CHS
I have gone through your piece on computerization of cooperative housing societies on indiancooperative.com.
In our society we are in a process of shifting the current printed copy of maintenance bills distribution to PDF format bill through e-mail to member provided e-mail, also extending the facility of payment through NEFT, generate automated receipt to members with the help of a web portal.
Need an advice if there are any limitations on doing it.
I C ...
I am working as Administrative Manager in a Nagpur Based Co-Operative Society. Our Society ranks 2nd position in Vidarbha, (Maharashtra). What is the future in Co-Operative sector and what are your suggestions for me.
I C Naik
Cooperative sector is in better shape now than what it was 10 years ago. It has proven its economic viability. So keep it up.
National Federation of Urban Cooperative Banks and Credit Societies,(NAFCUB) was invited to the pre-budget consultations of Finance Minister with banks and financial institutions. D. Krishna, Advisor NAFCUB attended the meeting.
NAFCUB raised the deductions for provisioning for NPAs u/s 36(1)(vii). Under the above sub section, there are two provisos and an explanatory note. They do not explicitly specify the applicability of the subsection to non-scheduled banks. This requires modification to ...
Kribhco presented a dividend Cheque of Rs 19.50 Crore to the Union Minister for Chemicals & Fertilizers, Shri M. K. Alagiri. The cheque was presented by Shri Vaghjibhai Rughnathbhai Patel, Chairman to the Minister in New Delhi on Thursday.
A PIB release says Kribhco declared a dividend at the rate of 20% for the year 2011-12 amounting to Rs. 78.01 crores out of which Rs. 19.50 crore is being paid to Government of India.
The Society produced 14.33 lakh M.T. and 8.88 lakh M.T. Urea and ...
The consumer cooperatives have the potential of containing the ghost of inflation bothering the nation, said Virendra Singh Chairman of NCCF in Delhi recently.
Where are the shops of cooperative retail, asked Mr Singh. We need to have at least a model cooperative retail in each state’s capital to begin with . These shops would act as benchmark for the consumer. A consumer would know the difference as he would get a quality product in much less a price at a cooperative model shop. ...
The government contemplates spiking the levy price of sugar to Rs.22 per kg. Last year the price was Rs 19.4.
A govt source says if the Finance Ministry okays the proposal, the increase in the levy price could involve extra subsidy of Rs 400-500 crore.
The levy price is based on the Fair and Remunerative Price and it would be Rs 170 per quintal. While the levy price increases each year, there is no increase in the retail price, claim govt officials.
It is worth mentioning that the sugar sector ...
Er Indra Amar Singh IAS
I am running my NGO from last 4 years and now I want to register under the multistate cooperative society under mscs 2002 act, kindly guide us how can we register it
I C Naik
The Co-operative societies, with objects not confined to a single state and serving the interests of members in more than one state for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles are considered Multi-State ...
There has lately been a flurry of moves that point to the possibility of the govt relaxing its grip on the sugar industry. One of the bellwethers is a report given by the govt appointed Rangarajan committee that strongly recommends the deregulation of the sugar sector.
The Rangarajan committee has called for immediate abolishment of regulated release system and levy sugar obligation.
Analysts say the growth in sugar industry has been rapid and its prospects would further brighten if the ...