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International day of co-operatives observed

Young Bites. Dated: 7/9/2018 11:12:11 AM

Jammu, July 8
International Day of Cooperatives is observed on 7th of July each year across the world to promote co-operative model as it contains core aspects of sustainable development and is based on ethical values and principles.
Some of the day's goals are to increase awareness on cooperatives, as well as strengthen and extend partnerships between the international cooperative movement and other supporting organizations including governments. At a time when income inequality is rising around the world, it is good to be reminded that solutions to inequality do exist. The co-operative model is foremost among these solutions, since it contains aspects of sustainable development at its core and is based on ethical values and principles.
The theme of the Day was ‘Sustainable societies through cooperation’, aimed at creating sustainable societies through cooperation. Co-operatives around world celebrate this day in various fashions and each year the organising institutions agree on a theme for the celebrations
Co-operatives foster external equality as they are community-based and are committed to sustainable development of their communities – environmentally, socially and economically. It’s open membership model affords access to wealth creation and poverty elimination. In operatives, contribute equitably to, and democratically control, capital of their co-operative. In Co-operatives Movement has been recognised as distinct and major stakeholder in both national and international affairs. Cooperatives are important in the world's economic and social development. Based as on the principle of cooperation, cooperatives help to create new ethics and values in business and economics. Cooperatives are important in the world's economic and social development. Cooperatives around the world celebrate the International Day of Cooperatives in many ways. Promotional material used to publicize the day included images featuring an array of colors similar to those of a rainbow.


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