Govt creates Ministry of Co-operation for strengthening of cooperatives
Listen to this Article
The new Ministry will work to streamline processes for Ease of Doing Business for co-operatives and enable development of Multi-State Co-operatives. The Central Government has signaled 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.
Union Home Minister Amit Shah has expressed gratitude to Prime Minister Narendra Modi for creating a separate Ministry of Cooperation. In a tweet, Mr Shah said, with this visionary decision of Mr Modi, a new dawn of prosperity will come in agriculture and rural sector. He said, for the last seven years, the Modi Government is continuously working for the welfare of the villages, poor and farmers of the country. Mr Shah expressed confidence that the historic decision will empower the cooperative sector and its people and will take India's cooperative sector to new heights.
Defence Minister Rajnath Singh said, the creation of the Ministry of Cooperation will give emphasis to the development in the agriculture sector and will prove to be very effective from the point of view of farmers' welfare.
Information and Broadcasting Minister Prakash Javadekar said, the historic decision will help in deepening Co-operatives as a true people-based movement reaching upto the grassroots.
Category : Corporate Law | Comments : 0 | Hits : 443
Ashneer Grover, former managing director of BharatPe, has moved the National Company Law Tribunal (NCLT), Delhi, alleging opression and mismanagement at the company. The case came up for hearing on December 6, wherein his lawyer sought additional time to address the tribunal on maintainability. The case will be heard next on January 11. According to the plea, reviewed by Moneycontrol, Grover has filed the plea against BharatPe holding company Resilient Innovations and 11 of its directors i...
Over 96,000 companies have wound up their operations in the past five years, according to the Ministry of Corporate Affairs. Businesses opt for winding up for various reasons, including financial unviability. From April 1, 2018 to March 31, 2023, as many as 96,261 companies exited voluntarily, invoking a section in the Companies Act, according to a report in the Mint. According to the data from the ministry, under the Insolvency and Bankruptcy Code (IBC), final resolution orders have be...
Three board members of Ed tech company Byju’s resigned on Thursday, June 22. According to reports, Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock and Chan Zuckerberg Initiative's Vivian Wu have stepped down from their responsibilities from the board. The company spokespersons have denied reports dismissing them as speculative. Meanwhile, The Ken has reported that Byju’s auditor’s Deloitte Haskins & Sells had also stepped down with immedi...
The Enforcement Directorate has accused Amway India Enterprises of running a multi-level marketing scam, while attaching its assets worth Rs 757 crore on Monday, including its factory in Tamil Nadu’s Dindigul district and bank balances of Rs 346 crore. The agency said its money trail against Amway revealed that the company had collected Rs 27,562 crore from its business operations from 2002-03 to 2021-22. Out of this, Amway paid a commission of Rs 7,588 crore to its distributors and m...
The Insolvency and Bankruptcy Board of India (IBBI) has issued a fresh set of rules to fast track voluntary liquidation by companies under the Insolvency and Bankruptcy Code (IBC). The amendments to the IBBI (voluntary liquidation process) regulations notified on Tuesday sharply cuts short the time allowed to complete various procedures, showed an official order. As per the new regulations, the timeline for preparation of list of stakeholders by liquidators has been shortened to 15 day...


Comments