Maharashtra Govt approves amendment of cooperative societies act

07 May 2021 CW Team

The Maharashtra Government has approved a proposal to amend the Cooperative Societies Act 1960 to ensure that members of cooperative societies do not lose their voting rights during the next elections.

As per the current law, a member must attend at least one cooperative society meeting every five years, or he will be considered inactive and lose his voting rights.

Currently, the second wave of the Covid-19 pandemic has halted the operations of a number of cooperative societies across the state.

The cabinet has decided to allow such members to remain active members of societies, despite the possibility that many members would lose their voting rights if several societies were unable to hold their annual meetings.

The state government postponed cooperative society elections until the end of August on April 6.

In the meantime, the cabinet approved a plan to transfer the Annasaheb Patil Economically Backward Development Corporation from the skills development department to the state planning department.

During its meeting, the council of ministers approved the higher and technical education department's proposal to convert the existing three colleges into a cluster university.

The Rayat Shikshan Sanstha included colleges of arts, commerce, and science.

In another decision, the cabinet approved a proposal from the state Medical Education Department to apply the 7th Pay Commission recommendations to teachers at aided private Ayurvedic and Unani colleges.

This approval will increase the exchequer's financial burden by Rs 116.77 crore, plus arrears, beginning 1 January 2016.

To bring parity in construction rights, FSI, and TDR in the region, the state cabinet has decided to merge the Pimpri Chinchwad New Township Development Authority with the Pune Metropolitan Regional Development Authority.

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..