Monday, September 13, 2010

Lapse by co-op dept costs state govt crores

The state would have earned crores as indirect revenue had the co-operative department implemented the indemnity bond rule as per the Maharashtra Co-operative Societies Act. This has been revealed after Thane resident Nainesh Dolas filed a Right to Information (RTI) application early this year, seeking details regarding the number of co-operative housing societies in the state and whether they all had submitted the indemnity bond. Of the 35 districts in the state, five districts provided Dolas with the number of housing societies, but most of them did not give information about the indemnity bond.

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