Karnataka Governor approves ordinance aimed to tackle microfinance menace

Karnataka Governor approves ordinance aimed to tackle microfinance menace

Bengaluru, Feb 12 (IANS) Karnataka Governor Thaawarchand Gehlot on Wednesday approved the ordinance promulgated by the Congress-led government to tackle the Microfinancing Institutions’ (MFIs) menace. Confirming the development, the Chief Minister’s Office (CMO) said that the government had sent the ordinance related to microfinance along with the explanation requested by the Governor to Raj Bhavan. … Read more

K’taka Guv’s refusal to sign MFI Ordinance: Stop making reckless quips, handle your dept, BJP tells Cong minister

Bengaluru, Feb 8 (IANS) Coming down heavily on Congress leaders for criticising Governor Thaawar Chand Gehlot for not signing the Ordinance to regulate microfinancing institutions (MFIs) that have been harassing farmers, the Karnataka BJP on Saturday stated that instead of making reckless statements they should focus on managing their departments. Minister for Agriculture N. Cheluvarayaswamy … Read more

Karnataka Governor rejects ordinance aimed to tackle microfinance menace

Bengaluru, Feb 7 (IANS) Karnataka Governor Thaawarchand Gehlot has rejected the ordinance promulgated by the Congress-led government to tackle the Microfinancing Institutions’ (MFIs) menace. Confirming the development, the Chief Minister’s Office (CMO) said that the governor rejected the ordinance, stating that the punishment of 10 years and a fine of Rs 5 lakhs is “excessive.” … Read more

Microfinancing menace: K’taka govt to hold meeting to finalise draft of Ordinance

Bengaluru, Jan 29 (IANS) The Karnataka government is holding a high-level meeting on Wednesday in Bengaluru to finalise the draft of the Ordinance to crack down on unscrupulous microfinancing companies in the state. Home Minister G. Parameshwara, Minister for Law and Parliamentary Affairs H.K. Patil, Minister for Revenue Krishna Byre Gowda and others will hold … Read more

K’taka: Decision to promulgate ordinance to take Mysuru royal family’s property not out of enmity, says Siddaramaiah

Bengaluru, Jan 25 (IANS) Karnataka Chief Minister Siddaramaiah clarified on Saturday that the government’s decision to promulgate an ordinance to take over the prime property of Bengaluru Palace Grounds, owned by the Mysuru royal family, is not driven by enmity. Speaking to reporters in Bengaluru, Siddaramaiah stated: “We are not acting out of enmity. There … Read more

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