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A New Ministry for Cooperation

  The newly created Ministry of Cooperation appears to confound a wide audience, as speculation is rife about what is the implicit purpose for such an endeavour. What precedes this move, and what has recently added to this discussion, make this new ministry a topic of intense discussion. Announced on 6 July 2021, this “historic move” seeks to “provide a separate administrative, legal and policy framework for strengthening the cooperative movement,” apart from deepening a “true people-based movement,” an “economic development model” that will now have a ministry to streamline “ease of doing business” and enhance the multistate cooperative societies. This announcement follows the finance minister’s budget announcement in February 2021, where the concerned minister referred to a “separate administrative structure.” A little earlier, in 2020, the Banking Regulation (Amendment) Act, 2020 was passed to bring urban cooperative banks under the direct supervision o

Explained | Where did the Centre go wrong on cooperatives?

Explained | Where did the Centre go wrong on cooperatives?
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