THE Sind Mercantile Co-operative Bank, which was suspended from operations in October, 2002, has proposed merger with the Gandhidham Co-op Bank.
Chairman Hazarimal Parasram said the bank was trying to get the suspension revoked but cannot not do it until its deposits are returned by Madhavpura Mercantile Co-operative Bank. Since that was impossible, the next best course was merger with a good bank.
The proposal has been sent to the Reserve Bank of India and the State Government.
? Ahmedabad Newsline, India
Reaching for the stars
A CO-OPERATIVE in western Japan is developing a system to forecast thunderstorms from space with a special sensor on a private satellite it is developing.
The project will be commissioned and funded by the government-affiliated New Energy and Industrial Technology Development Organization.
? Japan Today
Health cover co-op
A NEW state plan could provide health care coverage for some Wisconsin residents who don't currently have it.
The plan would create a co-op that individuals ? farmers and small-business owners ? could join and buy coverage.
"Instead of debating whose ideas are best, let's give them a try in the real world," said Representative Scott Jensen (Republican, Waukesha).
"People can't wait any longer for us to find the answer to our state's health insurance crisis."
The scheme's backers claim that no state funding would be required for the plan to become effective.
? WISC, Wisconsin, USA
Co-ops revival scheme
THE City Co-operative and Development Office and the Co-operative Development Authority (CDA) are working to refocus the direction of local co-operatives.
Acting Regional Director of CDA Rosalinda Villaseca said that the refocusing is needed considering that most of the co-operatives in the city are currently inoperative.
"Of the 1,566 listed co-ops in Davao City, only 60 per cent are operating," she stressed.
The CDA, in co-ordination with the City Co-operative Development Office, is strengthening the city's active co-ops and trying to revive the inactive 40 percent.
"We must always remember that co-operatives are very important instruments for economic development and we should always try to keep them active at all times," Villaseca said. "We must keep the remaining 60 per cent alive," she added.
? Mindanao Times, Philippines