A month on, new cooperative regulator yet to find its footing

People who lost savings to unscrupulous operators slam the regulator for failing to consult them, ignoring concerns.

Over a month since its formation, the National Cooperatives Regulatory Authority (NCRA) has been unable to make much progress. Despite the government’s decision to replace the National Cooperatives Development Board with NCRA and introduce an ordinance in December, the authority has made little headway and has yet to pick up speed in its operations.