Government is formulating a new policy for cooperative sector. Dialogue seems to be restricted on issues like legal framework, identification of regulatory policy, operational barriers, level playing field to cooperatives, account keeping and auditing. Parliamentary standing committee advises to exercise prudence while chalking out activities so that federal features are not impinged upon. Cooperative is primarily a state subject in India as per the seventh schedule of constitution. A Multi-State Cooperative Act 1980 introduced at Centre for a purpose, last amended in 2002 by the center government, is likely to be tweaked once again. It seems necessary for improved operations in multiple states while providing a boost to action in this domain for higher investment. Cooperatives were under the administrative control of Ministry of Agriculture till July 2021. A structural shift has happened at top from a subset to an independent set up, a right move to unshackle from agriculture. New m...
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