Description

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Picture Courtesy: THE HINDU

Context:

India to host the International Cooperative Alliance's (ICA) Global Cooperative Conference for the first time in its 130-year history.

About Global Cooperative Conference

The Global Cooperative Conference to be organized in Delhi, on November 25-30, 2024.

The Prime Minister of India to launch the 'United Nations International Year of Cooperatives 2025' at the ICA conference.

The Union Cooperation Minister to preside over the Global Cooperative Conference's inaugural session as the Chief Guest.

More than 100 countries are participating in the event.

Theme

The theme of the 2024 conference is ‘Cooperatives Build Prosperity for All,’ with sub-themes including:

Enabling Policy and Entrepreneurial Ecosystems
Nurturing Purposeful Leadership to Create Prosperity for All
Reaffirming The Cooperative Identity
Shaping the Future towards Realizing Prosperity for All in the 21st Century

Carbon Neutral Event

The event will be carbon-neutral, with 10,000 peepal trees planted throughout the country.

Only vegetarian food will be served, with no alcohol.

India has 8 lakh cooperatives, making up around 25% of all cooperatives globally. The event will provide India an opportunity to demonstrate the strength of its cooperatives.

About International Cooperative Alliance (ICA)

It is an international non-profit organization that supports, unites, and represents cooperatives all over the world.

It was founded in 1895 and is one of the world's largest non-governmental organizations, with more than one billion cooperative members.

It has more than 306 member organizations from 105 countries worldwide.

It has a central office in Brussels, Belgium, and four regional offices in Africa, the Americas, Asia-Pacific, and Europe.

It works in a number of industries, such as banking, consumer retail, industry and services, agriculture, fisheries, health, housing, and insurance.

The ICA is the guardian of the Statement on the Cooperative Identity, which includes a definition, 10 values, and 7 operational principles. These are the minimum common elements for all cooperatives across sectors and regions.

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COOPERATIVES IN INDIA

Source:

The Hindu

PRACTICE QUESTION

Q.Consider the following statements:

1. During British rule, the Edward Law Committee's recommendations led to the enactment of the Cooperative Societies Act.

2. Article 19 of the Constitution recognizes the fundamental right of citizens to form cooperative societies.

Which of the above statements is/are correct?

A) 1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2

Answer: C

Explanation:

Statement 1 is correct:

The British government in India appointed the Edward Law Committee to suggest special legislation for cooperatives to suggest special legislation for Cooperative Societies. The Cooperative Societies Bill was enacted on March 25, 1904 on the Committee's recommendations.

Statement 2 is correct:

Cooperatives are essential for establishing a welfare state and promoting democracy. Article 19 of the Indian Constitution acknowledges the fundamental right of citizens to form cooperative societies.