Govt faces backlash over misuse of taxpayers’ money for cooperative bailout plan

KATHMANDU, May 28: The government is facing mounting criticism for its plan to inject Rs 40 billion from state coffers into a revolving fund aimed at repaying depositors of troubled cooperatives. Critics argue the move amounts to misuse of taxpayers’ money at a time when revenue collection is sluggish and the state is struggling to meet immediate financial liabilities.