IN JUNE, THE United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
The Global South also feels the same way. At the conference, Bhutan Prime Minister Dasho Tshering Tobgay said the Himalayan country was building a new city spread over 2,500 sq km based on a cooperative model. While Tobgay emphasized the need to strengthen cooperation among cooperatives to guarantee global prosperity, for Fiji's deputy Prime Minister Manoa Kamikamica, cooperatives are the Pathways out of Poverty.
India's cooperative sector is over a century old. Cooperatives are the foundation of Indian culture and a way of life. The Cooperative Credit Society Act, enacted in 1904, provided a legal basis for cooperative societies. India, or rather Bharat, now has over 850,000 cooperative societies accounting for 25% of all cooperatives worldwide. Nearly 98% of rural India is covered by cooperatives. Around 300 million, or one out of every five Indians, are associated with the cooperative sector.
Esta historia es de la edición December 26, 2024 de Financial Express Ahmedabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 26, 2024 de Financial Express Ahmedabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Quick, quicker, quickest...
The q-comm opportunity is pegged at $40 bn by 2030, up from $6 bn in 2024
At the G, India up against Head-strong Australia
● In-form batter declared fit for Boxing Day Test
Prosperity through cooperation
Marking its official launch recently in New Delhi, attended by global leaders and representatives of the United Nations, Prime Minister Narendra Modi highlighted the importance of these grassroots business enterprises, mostly owned by their members, saying cooperatives are the vital cog in India's economic wheels of progress, in delivering benefits to the poor, and that the sector serves as a glue for the Global South.
Prosperity through cooperation
WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.
The Angry Young Man
impact on auto sector
Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead
AN EMBRAER PASSENGER jet flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying 32 survivors had been rescued.
Honda-Nissan deal may hold key to fight against BYD
HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.
Yoon Defies Second Agency Summons Over Martial Law
SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.
China Avoids Rate Cut to Brace for Future Pressure
CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.
'2025 will be the year of small language models'
Mohammed Rafee Tarafdar, chief technology officer (CTO), Infosys, says that in recent times, several small language models for India-specific needs have been launched and with the growing developer base, \"we should see a lot more GenAI applications implemented for Indian and global markets.\"
