Over 270 urban cooperative banks (UCBs) and district cooperative banks (DCBs) in Gujarat will observe a day's strike on Thursday, December 8, 2011, demanding income tax exemption for the cooperative banks, which was in force till 2006. Currently, cooperative banks are liable to pay a flat 30 per cent income tax on their earnings. The income tax waiver for cooperative banks, which was in force since independence, was removed in 2006-07 and the amendment to Finance Act, 2006 brought them under ...

There are three ways to organise national production systems. The capitalistic practice, where individual ownership and private enterprise dominate. The communist model that is synonymous with state ownership and public enterprise, and the third is the co-operative way, which operates when persons voluntarily unite to meet their common aspirations.

Create post While mainstream America is hoping for federal economic reform, some social justice organizations have a radically different idea, and are organizing low-income communities to build a new economy from the grassroots up. Tired of asking for change from the top down, they are taking their economy into their own hands.