Indian Cooperative News

3 days ago | indiancooperative.com | Ajay Jha

IFFCO has further bolstered its nano-fertiliser capacity with the commissioning of two additional Nano DAP Liquid plants in Uttar Pradesh. Located at Aonla (Bareilly district) and Phulpur (Prayagraj district), each facility is designed to produce 2 lakh bottles (500 ml each) per day, marking a significant upsurge in the cooperative’s output of advanced fertiliser solutions.

3 days ago | indiancooperative.com | Ajay Jha

In a major initiative to revitalize Maharashtra’s cooperative sector, Chief Minister Devendra Fadnavis announced on Monday that the state government would explore allowing high-performing cooperative banks to manage government accounts, a move expected to significantly expand the financial scope and credibility of the sector.

4 days ago | indiancooperative.com | Ajay Jha

In a dramatic turn of events in Bihar’s cooperative politics, the Bharatiya Janata Party (BJP) has gained control of the state’s apex marketing cooperative body- Biscomaun, ending more than a decade and a half of Rashtriya Janata Dal (RJD) dominance. The leadership shift was sealed during the elections for the posts of Chairman and Vice-Chairman, held last week on Friday.

1 week ago | indiancooperative.com | Ajay Jha

In a significant boost to the cooperative banking sector, the Reserve Bank of India has withdrawn the restrictions imposed on Pimpri Chinchwad Cooperative Bank under the Supervisory Action Framework (SAF). The bank, headquartered in Pune and led by Chairman Shirish Deshpande, had been under SAF for the past many years. The RBI’s decision comes in recognition of the bank’s improved financial health, particularly its performance as on 31st March 2024.

1 week ago | indiancooperative.com | Rohit Gupta

The highly anticipated elections for Bihar’s apex marketing cooperative body, Biscomaun, have been thrown into turmoil following an interim order from the High Court of Jharkhand, Ranchi on Thursday evening. The court stayed the publication of election results, ruling that the outcome will depend on the result of a writ petition filed before it. On Thursday morning, nominations for the key posts of Chairman and Vice-Chairman were officially filed, setting the stage for a fierce contest.