The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.
His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.
However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector. - See more at: http://www.thehimalayantimes.com/fullNews.php?headline=No+need+to+recognise+cooperatives+as+a+separate+pillar%3A+Bhattarai+&NewsID=426096#sthash.4epX02rO.dpuf Former prime minister Babu Ram Bhattarai today said there was no need to recognise cooperatives as the third pillar of the economy citing it was one of the wings of the private sector.
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector. Former prime minister Babu Ram Bhattarai today said there was no need to recognise cooperatives as the third pillar of the economy citing it was one of the wings of the private sector.
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector. - See more at: http://www.thehimalayantimes.com/fullNews.php?headline=No+need+to+recognise+cooperatives+as+a+separate+pillar%3A+Bhattarai+&NewsID=426096#sthash.4epX02rO.dpuf
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.
His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.
However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector. - See more at: http://www.thehimalayantimes.com/fullNews.php?headline=No+need+to+recognise+cooperatives+as+a+separate+pillar%3A+Bhattarai+&NewsID=426096#sthash.4epX02rO.dpuf
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.
His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.
However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector. - See more at: http://www.thehimalayantimes.com/fullNews.php?headline=No+need+to+recognise+cooperatives+as+a+separate+pillar%3A+Bhattarai+&NewsID=426096#sthash.4epX02rO.dpufFormer prime minister Babu Ram Bhattarai today said there was no need to recognise cooperatives as the third pillar of the economy citing it was one of the wings of the private sector.
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives. However, many argue whether cooperatives should be identified as a separate pillar of the economy as it is one of the components of the private sector.
“I don’t believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector,” Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today.His statement is expected to deal a blow to the Communist Party of Nepal-Unified Marxist Leninist, which had pushed for recognition of cooperatives as the third pillar of the economy.
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilities and enhancing bargaining power of farmers, who get better treatment from intermediaries while dealing in groups.However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire cooperatives sector.
[Editor's note: this report from Nepal is a sobering reminder of why it is so important that co-ops defend and maintain their cooperative values and principles. Nepal is one of the only countries in the world to enshrine cooperative economics directly into its constitution -- however, past scandals by some bad actors have reflected poorly on the entire sector. The result is that one of the country's leading leftist politicians now sees no difference between cooperatives and other forms of private enterprise. This should serve as a cautionary tale for all cooperators.]
Kathmandu: Former prime minister [Communist Party of Nepal-Maoist] Babu Ram Bhattarai today said there was no need to recognise cooperatives as the third pillar of the economy citing it was one of the wings of the private sector.
The country has currently adopted a three-pillar economic model, comprising the government, the private sector and cooperatives[...]
"I don't believe that cooperatives should be considered a separate pillar of the economy, as it is a part of the private sector," Bhattarai, chairman of the Constitutional-Political Dialogue and Consensus-building Committee of the Constituent Assembly, told business journalists today[...]
Cooperatives, especially those engaged in agricultural sector, including dairy, are currently playing a crucial role in pooling resources like land for farming, establishing cold storage facilitiies and enhancing bargaining power of farmers who get better treatment from intermediaries while dealing in groups.
However, malpractices prevalent at savings and credit cooperatives, many of which are fleeing with small savings of the public, have tarnished the image of the entire sector.
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