×

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 up to 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 the development of Multi-State Co-operatives (MSCS).
  • The Central Government has signalled its deep commitment to community-based developmental partnership. The 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 to the Constitution

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

2. It included a new DPSP on the 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 the incorporation, regulation, and 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 the maintenance of accounts and auditing of such accounts. Shall be audited within 6 months of the 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


E-pharmacies

E-pharmacies The Ministry of Health sent "show cause" letters to at least 20 businesses in February 2023 for online drug sales, including Tata-1mg, Flipkart, Apollo, PharmEasy, Amazon, and Reliance Netmeds. What is e-pharmacy? E-pharmacy refers to the purchasing and selling of drugs and other pharmaceutical products through a

Punchhi Commission Report

Punchhi Commission Report The Punchhi Commission's report on relations between the federal government and its constituent states will now be reviewed for state responses, according to the Union Ministry of Home Affairs (MHA). Historical Background: A Commission on Centre-State Relations was established by the Indian government,

Indo-German Relations

Indo-German Relations Olaf Scholz, the Chancellor of Germany, recently paid a bilateral visit to India. It is Scholz's first trip to India after taking office as German Chancellor in December 2021, ending Angela Merkel's illustrious 16-year reign. About the news: The visit of the German chancellor is significant because i

India Denmark Cooperation

India Denmark Cooperation During the "India-Denmark: Partners for Green and Sustainable Development Conference" in New Delhi, the Union Minister for Environment, Forests, and Climate Change said that India and Denmark can work together to show that reaching ambitious climate and sustainable energy targets is possible. Since the Gr

Mob lynching and Cow Vigilantism

Mob lynching and Cow Vigilantism The recent lynching and burning of two men in Haryana on the basis of allegations of unlawful cow slaughter, smuggling, or transportation bring attention to the problem of mob lynching. About cow vigilantism: Mob attacks carried out in the guise of "cow protection" primarily target Mus

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts