National Cooperative Regulation Authority Enters Second Year Amidst Challenges of Manpower and Legal Gaps
Summary
The National Cooperative Regulation Authority in Nepal faces challenges with manpower shortages and legal limitations as it enters its second year, struggling to meet public expectations and effectively manage problematic cooperatives.
Key Points
- The National Cooperative Regulation Authority has entered its second year facing challenges including manpower shortages and legal limitations.
- The authority lacks sufficient legal power to take enforcement actions such as freezing assets or initiating police investigations.
- Only about one-third of the planned manpower has been deployed, with only 14 employees deputed from the Nepal Rastra Bank and civil service.
- Jurisdictional ambiguities and overlapping powers with the Department of Cooperatives cause confusion and delay in declaring cooperatives problematic.
