×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 07 July, 2021

  • 12 Min Read

Cabinet creates a new and separate “Ministry of Cooperation”

Cabinet creates a new and separate “Ministry of Cooperation”

  • In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar se Samriddhi’.
  • This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.
  • It will help deepen Co-operatives as a true people based movement reaching upto the grassroots.
  • In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility.
  • The Ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS).
  • The Central Government has signaled its deep commitment to community based developmental partnership. Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister.

Cooperatives – Inserted in Part 9-B by 97th Constitutional Amendment, 2011

  • It gave Constitutional status and protection to Cooperative societies.
  • It made 3 changes in the Constitution

1. Art 19: It made Right to form cooperative societies a FR.

2. It included a new DPSP on promotion of cooperative societies (Art 43 B)

3. It added a new Part 9 B (Art 243 ZH to Art 243 ZT)

  • State Legislatures (SL) may make a law on incorporation, regulation, winding up of cooperatives based on principles of voluntary formation, democratic member control, member-economic participation and autonomous functioning.
  • Tenure = 5 years (re-election within 6 months) and

Composition

  • SL may provide for the directors but the max no. of directors should be less than 21. 1 seat for SC or ST and 2 seats for women.
  • SL shall make provisions for co-option of persons having experience in banking, management, finance, etc. but it should be ≤ 2 in addition to 21. Plus, they won’t have the Right to vote in any election of cooperatives society or be eligible to be elected as office bearers of the Board.
  • Functional directors of cooperative society shall also be member of the board. They won’t be counted in 21.
  • Election of Members of Board: Shall be vested in a body as provided by SL.
  • SL may make provisions for maintenance of accounts and auditing of such accounts. Shall be audited within 6 months of close of FY.
  • This part shall apply to UTs. But Prez may direct that provisions may or may not apply to UTs.
  • These provisions shall also apply to multi state cooperatives.

Source: PIB


THE ABSURDITY OF THE ANTI-DEFECTION LAW

THE ABSURDITY OF THE ANTI-DEFECTION LAW Uddhav Thackeray’s government facing internal dissent from a block of 22 MLA led by Eknath Shinde, has brought the anti-defection law again into the spotlight. Such events were also witnessed in Puducherry, Madhya Pradesh, and Karnataka. ANTI-DEFECTION LAW The anti-defection law was included in

12TH WTO MINISTERIAL CONFERENCE

12TH WTO MINISTERIAL CONFERENCE The 12th Ministerial Conference of the World Trade Organization (WTO) concluded, recently in Geneva. The main areas of discussion were: WTO’s response to the pandemic.  Fisheries subsidies negotiations. Agriculture issues including Public Stockholding for Food Security. WTO Reforms and M

Bangladesh’s Rohingya Problem

Bangladesh’s Rohingya Problem What is the issue? The population of Rohingyas in Bangladesh as of now is 8,85,000 and the refugee population is increasing rapidly by 35,000 every year, which is a serious security implication for countries mainly in South Asia. What is the Rohingya issue? Rohingya are an

FINANCIAL ACTION TASK FORCE

FINANCIAL ACTION TASK FORCE  Pakistan got a respite from the Financial Action Task Force (FATF) as FATF announced that the country could be removed from the grey list. FATF is going to decide whether to take Pakistan off the ‘grey’ list at the end of its plenary session in Berlin in October. Pakistan has been on the Financia

The Situation of Government Jobs

The Situation of Government Jobs PM has ordered, million central government posts to be filled in a mission mode over the next one and a half years.  The Current Picture of Employment in India  The unemployment rate is defined as the percentage of unemployed persons in the labor force. Suffered by demonetization, pandemic,

Toppers

Search By Date

Newsletter Subscription
SMS Alerts