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The Cooperative sector has offered mixed reactions to the budgetary announcements made by the Union Finance Minister on Monday. While some cooperators have lauded the idea of setting up a separate Administrative Structure for multi-state co-ops, others would like to get included into the discussions before it takes shape. While a few have welcomed the govt move on giving sops for converting into small finance banks, majority have not liked the budgetary announcement on the issue and alleged that it is an attempt to destroy a 100 years old co-op movement in the country. Most of the co-operator...

Sahakar Bharati has welcomed most of the announcements made by Finance Minister Smt Nirmala Sitaraman in her Central Budget speech on 1st Feb 2021 pertaining to the Cooperative Sector and says many of its demands have been met. Reacting to the budget, Uday Joshi, National General Secretary, Sahakar Bharati said “ Smt Nirmala ji has announced plans to extend EASE OF DOING BUSINESS NORMS to Multi State CoOp Societies which Sahakar Bharati had been requesting since long.” FM has assured to organize a suitable machinery for raising funds for CoOps by issuing shares & bonds. Now co-operatives ...

Hon’ble Speaker, I present the Budget for the year 2021-2022. 1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. 2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. 3. We could not have also imagined then that our people as those in other countries would have to endure...

Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament FOLLOW US ON: Introduction Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. We could not have also...

Presenting the first ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said that given the role being played by cooperatives in the economy of the country, the time has come for setting up a separate Administrative Structure for them. Some of the key highlights of the Union Budget 2021-22 for co-ops and agri sector are Finance Minister reiterated the government’s commitment to the development of Multi-State Cooperatives and assured to provide all support to them. To further streamline the ‘Ease of Doing Business’ for Cooperatives, the Bud...