Sign In
Learn bits
Polity & Governance
Mahesh

16/10/22 07:43 AM IST

Cabinet okays amendments in Multi-State Cooperative Societies Act

In News 
  • The Union Cabinet recently approved amendments to the Multi-State Cooperative Societies Act to bring transparency in the sector and reform the electoral process.
Key Amendments 
  • The Bill will incorporate the provisions of the 97th Constitutional Amendment.
  • The amendments have been brought to improve governance, reform the electoral process, strengthen monitoring mechanisms and enhance transparency and accountability.
  • The Bill also seeks to improve the composition of board and ensure financial discipline, besides enabling the raising of funds in the multi-state cooperative societies.
  • Enabling the raising of funds in the multi-state cooperative societies.
  • Setting up of:
    • Cooperative Election Authority
    • Cooperative Information Officer
    • Cooperative Ombudsman
The amendments have been introduced to
  • Improve governance
  • Reform the electoral process
  • Strengthen monitoring mechanisms
  • Enhance transparency and accountability.
Source- PIB 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps