Monday, January 22, 2018

Government forms committee to rescue troubled cooperative

The Ministry of Cooperatives and Poverty Alleviation has formed a seven-member management committee – led by Gauri Bahadur Karki – to take over and manage the ‘troubled’ Oriental Cooperatives.
December 14 cabinet meeting had decided to form a committee.
Gauri Bahadur Karki led committee will have Kashi Nath Marasini, Gobinda Bahadur Malla, Dipak Prasad Poudel, Huma Kanta Panthi, Rewati Raman Pokharel and a representative recommended by the Federation of the National Cooperatives as members.
The committee – that has two-year tenure – will compensate the depositors, who lost their savings after the cooperatives went bankrupt around four years ago, said the ministry’s spokesperson Raghuram Bista.
The cooperatives went bankrupt after it disbursed haphazard loans and invested the deposits illegally in real-estate. The real-estate bubble bust sent the cooperatives into bankrupt.

8 comments:

Shwetha said...

Hi, great blog and it's informative which helps to get new information
Bhartiya City
L&T Realty Raintree Boulevard review
DNR Casablanca location

C Veera Mani said...

Hi, Thanks for sharing awesome information about real estate projects.

Prestige Park Square
Prestige Park Square prelaunch
Bharatiya Nikoo Homrs
L & T Raintree Boulevard
Salarpuria Sattva Misty Charm

Priyanka Propladder said...

Hii.., It’s Amazing to see your blog.This provide us all the necessary information regarding upcoming real estate project which having all the today’s facilities. For the property details in Bangalore follow the below mentioned links.. Or call 8861951188
Sobha hrc pristine
sobha indraprastha
L & T Raintree boulevard
Assetz degree
Brigade Buena Vista

Shwetha said...

Nice Blog with good and quality information which is useful to all.
Prestige Park square
L & T Raintree Boulevard
Provident Square

C Veera Mani said...

Hi, It’s Amazing to see your blog.This provide us all the necessary information regarding
upcoming real estate project which having all the today’s facilities.
Prestige Boulevard
ESTEEM SOUTH PARK
Kolte Patil ITowers Exente
Salarpuria Sattva Park Cubix
Habitat Eden Heights
Legacy Vivienda

Priyanka Propladder said...

Hii... Thanks for providing the information about the property.. For the property details in Bangalore follow the below mentioned links.. Or call 7899708028
Prestige lakeside habitat
Prestige jindal
Arge Helois
Godrej E-city

C Veera Mani said...


Hi, Very impressive blog that contains all the necessary detail about project and real estate.
Ajmera Lugaano review
G Corp Residences
Assets Here And Now review
LGCL Happy Days review
Prestige Dolce Vita review
Codename Five Rings review
codename five rings review
Vascon Windermere pune review

C Veera Mani said...


Nice blog! Seems like a great project from the neatly framed article.
Ajmera Lugaano review
G Corp Residences
Assets Here And Now review
LGCL Happy Days review
Prestige Dolce Vita review
Codename Five Rings review
codename five rings review
Vascon Windermere pune review