Context: The striking down of the 97th Amendment (in Union of India vs Rajendra N. Shah) is a reminder that the power to regulate cooperatives must stay with States.
About 97th Constitutional Amendment Act (CAA), 2011
Rationale for the repeal of 97th CAA:
Conclusion: Cooperative sector has always been in the domain of States, and the Government of India shall take this judgment in the right spirit and stays away from further meddling in the cooperative sector, notwithstanding the creation of a new Ministry.