news
The Competition Commission of India (CCI) has approved a proposal by Daiwa International Holdings Inc. to acquire a 15.01% equity stake in Ambit Wealth Private Limited. The acquisition involves a subscription to equity shares on a fully diluted basis. Daiwa is based in Japan and focuses on investment and
news
The Competition Commission of India (CCI) has given its approval for AXDI LDII SPV 1 LTD to acquire a 10.04% shareholding in Aadhar Housing Finance Limited from BCP Topco VII Pte. Ltd. Source: Original Link
news
Union Minister Dr Jitendra Singh emphasized the Modi Government's focus on innovation-led growth at the AIM SUMVAAD Incubator Conclave. He highlighted initiatives in the 2026-27 budget focusing on startups, women-led entrepreneurship, and incubation. Innovations like the Biomanufacturing Shakti Mission align with India's biotech strengths, fostering scalable
news
The Government of India has announced the establishment of over 32,000 new multipurpose Primary Agricultural Credit Societies (PACS) and various cooperative societies to improve cooperative coverage in panchayats nationwide. Initiatives are being taken to modernize financial services with digitization, with a focus on inclusivity, especially for women and marginalized
news
The Indian government has initiated a comprehensive effort to transform Primary Agricultural Credit Societies (PACS) into multipurpose cooperative entities to bolster rural economies. In agriculture, through the Model Bye-laws, PACS can undertake over 25 business activities, enhancing farmer profitability through initiatives like grain storage plans and PM Kisan Samriddhi Kendras.
news
The Supreme Court of India has ordered the distribution of Rs. 5,000 Crore from the 'Sahara-SEBI Refund Account' to be disbursed to legitimate Sahara Group of Cooperative Societies depositors. The Ministry of Cooperation, in compliance with this order, launched the 'CRCS-Sahara refund portal' to facilitate
news
The registration process for Multi-State Cooperative Societies has been made online following the 2023 Amendment in Multi-State Cooperative Societies Act. The Central Registrar's application processing time is reduced from 4 to 3 months, with potential for an additional 2-month extension if necessary. Union Minister for Home and Cooperation,
news
The Ministry of Cooperation has introduced a new scheme to provide financial aid to Cooperative Sugar Mills through the NCDC. With an allocation of ₹1000 Cr, the scheme has disbursed significant amounts to various CSMs, boosting ethanol plants, power generation, and working capital. It aims to revive non-functional mills and
news
The Ministry of Cooperation has reported 4459 Primary Agricultural Credit Societies (PACS) in Jharkhand, engaging in various business activities. New cooperative societies have been established under the national formation plan, with supportive measures in place to enhance the viability and reach into underserved areas. Source: Original Link
news
The Ministry of Cooperation in India, established on July 6, 2021, has launched several initiatives under the vision of 'Sahakar-se-Samriddhi' to strengthen cooperative societies in Himachal Pradesh and across India. This includes adoption of Model Bye-laws for PACS, Dairy Cooperative expansion under White Revolution 2.0, and significant
news
The Atal Innovation Mission (AIM) organized the AIM SUMVAAD conclave, underscoring India’s push towards a robust incubation ecosystem. The event, held at Dr. Ambedkar International Centre, New Delhi, featured the launch of the National Incubator Assessment Framework Indicators and celebrated over 100 AIM-supported incubators. Key stakeholders discussed strategies to
news
India and Tanzania held the fourth Joint Defence Cooperation Committee meeting in Zanzibar, reviewing their ongoing defence cooperation and exploring new areas for collaboration including counter-terrorism, peacekeeping training, and capacity building in Electronic Warfare, Cyber, and Artificial Intelligence. The meeting was led by senior officials from both countries, focusing on