India’s app-based ride-hailing market has reshaped urban commuting over the last decade. Platforms such as Uber and Ola have embedded algorithm-driven pricing, real-time vehicle matching and digital payments into everyday life. Ride-hailing is no longer a niche convenience.
The dawn of Viksit Bharat 2047 (Developed India 2047) is fundamentally tied to the rural economy, where the white revolution is transitioning into its second phase. Since the establishment of the dedicated Ministry of Cooperation in 2021, the cooperative sector has witnessed a tectonic shift in policy support. Yet, as the nation targets inclusive growth, it faces a paradox: while the “Amul Model” stands as a global beacon of success, many state-level dairy cooperatives remain stagnant or failing. To bridge this gap, India must pivot toward a reformative paradigm—one that marries modern cooperative incentives with the profound principles of Ancient Indian Knowledge Systems (IKS) for governance.
The Union Budget 2026-27, based on and inspired by 3 kartavyas, was presented on 1st February 2026 by Hon’ble Finance Minister of India Nirmala Sitharaman. In order to address these three kartavyas, a threefold approach as supportive ecosystem has been adopted.
In conversation with K.K. Ravindran, Managing Director, National Cooperative Agriculture & Rural Development Banks’ Federation Ltd.
In conversation with Professor Umakant Dash, Vice Chancellor, Gokhale Institute of Politics and Economics
In conversation with Bhima Subrahmanyam, Managing Director and CEO of the National Federation of State Cooperative Banks (NAFSCOB) and President of the International Cooperative Banking Association (ICBA).
The ‘Report on Trends and Progress of Banking in India, 2024-25’ has been published by Reserve Bank of India (RBI) recently. Happily, the Report has devoted a full chapter on various aspects of the Cooperative Banks that includes the Urban Cooperative Banks (UCBs) and the Rural Credit Cooperatives (RCCs).
The country has adopted the strategy of financial inclusion through banking system, practically excluding the cooperative banks. There is no doubt that our financial inclusion reform has been transformational. However, even now till (December 2025), all the households located in states of Karnataka, Chhatisgarh, Rajasthan, Odisha as also North Eastern States (Assam, Mizoram, Manipur and Nagaland) and Jammu & Kashmir (UT) have not been covered with even opening of bank accounts
The two-day National Level Workshop and Review Meeting on Strengthening the Cooperative Sector, convened in Udaipur, Rajasthan, on 8 and 9 January 2026, marked a pivotal milestone in India’s cooperative reform process. Organised by the Ministry of Cooperation, the meeting functioned as a structured review of implementation progress across states and union territories within the Sahkar se Samriddhi framework, moving beyond a routine consultative exercise.
On 6 January 2026, a National CSR Conclave on Nutrition Security and Malnutrition Mitigation was held at Vigyan Bhawan, New Delhi, bringing together government representatives, CSR partners, cooperative leaders, and sector stakeholders. Organised by the National Dairy Development Board (NDDB) Foundation for Nutrition, the conclave spotlighted how nutrition outcomes can be advanced through coordinated institutional action and strategic CSR engagement.
Human civilisations has emerged due to surplus food production, and as a result, trade started flourishing in the world.
