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India
India
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Banking and InsuranceRBI revokes licences of two Indian co-op banks as 15 more are fined
A number UCBs have also have restrictions imposed on their activity
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BusinessOver 300 Indian co-ops registered on the government’s e-marketplace
Union minister says there is “immense potential” for the country’s co-ops to benefit from state procurement
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Banking and Insurance
India to introduce four-tiered regulatory framework for urban co-op banks
An umbrella organisation is also being set up as part of a series of measures to strengthen the sector
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AgricultureMalaysian co-op apex Angkasa and India’s IFFCO to collaborate on agri projects
The organisations have signed an MOU to open more business opportunities for the agri co-op sectors in both countries
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Banking and InsuranceCo-operation in times of crisis: The movement steps up when disaster strikes
From the Lancashire Cotton Famine of the 1860s to the typhoons striking the Philippines in 2021, co-ops have put their principles into action in responding to emergencies
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Banking and Insurance
Reserve Bank of India imposes monetary penalties on eight co-op banks
The sanctions were announced on 14 March
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EducationFrom the cradle … A co-op start to life
Co-ops are active in maternity, childcare, fostering, education and youth organising, bringing their values and principles to people's formative years
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Worker co-opsUK co-ops support women co-operators in India through pandemic rebuild
They collectively raised £100,000 last year in response to the spread of the Delta variant in India.
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AgricultureNew co-operative development schemes and tax cuts for co-ops in India
New funding has also been allocated to the Union Cooperation Ministry
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SectorWomen from Indian tribal community set up new co-operative selling wild honey
"The Kattunayakan community people are experts in honey collection"
