Siddaramaiah talks tough on MFIs employing goondas to recover loans
micro-finance institutions (MFIs) that are deviating from the regulations and demanding extortionate rates of interest from customers, Chief Minister Siddaramaiah said.
Budget with ET
Budget 2025: A CFO’s playbook for operational excellence and long-term growth
Rising Bharat may need to take center stage for India’s game-changing plans
Will Indian Railways accelerate to global standards with govt’s budgetary allocation?
The government, he told mediapersons on Sunday, was opening a helpline at the offices of deputy commissioners (DC) for the affected people to file their complaints. The government will take immediate action on them, he told media persons on Sunday.
The CM’s statement follows the government’s decision to promulgate an ordinance to safeguard the rights of borrowers and prevent their harassment by lending firms. The tough decision comes after reports of suicides and people fleeing their villages under threat from lending agents emerged.
The government would not allow forced recoveries without court approval and scrutinize cases of lending practices beyond the borrowers’ repayment capacity, he said. The new law, he added, would enable police to register suo moto complaints if they come across instances of harassment.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial
