Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Govt May Regulate MFIs    </title>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..."/>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..." />
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                            <br /><font ></font><br /><div align="justify"><font >Takinga serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP.</font><br /><br /><font >Talking to media persons in the New Delhi, the minister said that the government would frame rules and regulations to streamline operations of MFIs, as reportsof a large number of women and rural folks committing suicides were on the rise. These people were resorting to taking the extreme step, unableto pay their loans because of the exorbitant interest rates being charged by the firms, according to the reports.</font><br /><br /><font >Vasanth Kumar said the government would soon make an ordinance to the existing Act after discussing the matter with officials.</font><br /><br /><font >The minister said thegovernment has no power to reduce interest rates being charged by MFIs.He said only the Reserve Bank of India can take a decision on cutting the interest rates.</font><br /><br /><font >Vasanth Kumar directed the police to book criminal cases against firms which resort to violent methods to recover their loans.</font><br /><br /><font >Meanwhile, PanchayatiRaj Minister Botsa Satyanarayana directed the officials to initiate stringent action against those MFIs which resort to violence in collecting their loans.</font><br /><br /><font >He told media personsin Vizianagaram that the government has directed the police to registercases against agents of finance firms who harass members.</font><br /><br /><font >If the police does not initiate action on the complaints, the government would take disciplinary action against police officials, Satyanarayana warned.</font><br /><br /><font >He said the government was drafting rules and regulations to regulate the operations of MFIs.</font><br /><br /><font >Botsa said the government would also conduct a study on the reasons behind members of Self Help Groups approaching MFIs. The study would reveal whether the financial assistance sanctioned for them was not reaching properly.</font><br /><br /><font >Taking a note of the suicides, Director General of Police K Aravinda Rao in Vijayawada statedif the police receive any complaints, they would act seriously against such institutions.</font><br /><br /></div>                                                           
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    <br><a href="http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017" class="re" target="_blank">Fullhyd.com, 12 October, 2010, http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Govt May Regulate MFIs    </title>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..."/>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..." />
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                            <br /><font ></font><br /><div align="justify"><font >Takinga serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP.</font><br /><br /><font >Talking to media persons in the New Delhi, the minister said that the government would frame rules and regulations to streamline operations of MFIs, as reportsof a large number of women and rural folks committing suicides were on the rise. These people were resorting to taking the extreme step, unableto pay their loans because of the exorbitant interest rates being charged by the firms, according to the reports.</font><br /><br /><font >Vasanth Kumar said the government would soon make an ordinance to the existing Act after discussing the matter with officials.</font><br /><br /><font >The minister said thegovernment has no power to reduce interest rates being charged by MFIs.He said only the Reserve Bank of India can take a decision on cutting the interest rates.</font><br /><br /><font >Vasanth Kumar directed the police to book criminal cases against firms which resort to violent methods to recover their loans.</font><br /><br /><font >Meanwhile, PanchayatiRaj Minister Botsa Satyanarayana directed the officials to initiate stringent action against those MFIs which resort to violence in collecting their loans.</font><br /><br /><font >He told media personsin Vizianagaram that the government has directed the police to registercases against agents of finance firms who harass members.</font><br /><br /><font >If the police does not initiate action on the complaints, the government would take disciplinary action against police officials, Satyanarayana warned.</font><br /><br /><font >He said the government was drafting rules and regulations to regulate the operations of MFIs.</font><br /><br /><font >Botsa said the government would also conduct a study on the reasons behind members of Self Help Groups approaching MFIs. The study would reveal whether the financial assistance sanctioned for them was not reaching properly.</font><br /><br /><font >Taking a note of the suicides, Director General of Police K Aravinda Rao in Vijayawada statedif the police receive any complaints, they would act seriously against such institutions.</font><br /><br /></div>                                                           
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    <br><a href="http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017" class="re" target="_blank">Fullhyd.com, 12 October, 2010, http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Govt May Regulate MFIs    </title>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..."/>
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Taking
a serious note on the suicides due to the purported harassment or 
embarrassment caused by the collection agents of Micro Finance 
Institutions (MFIs), Minister for Rural Development, IKP, Pensions, 
NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the 
government..." />
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                            <br /><font ></font><br /><div align="justify"><font >Takinga serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP.</font><br /><br /><font >Talking to media persons in the New Delhi, the minister said that the government would frame rules and regulations to streamline operations of MFIs, as reportsof a large number of women and rural folks committing suicides were on the rise. These people were resorting to taking the extreme step, unableto pay their loans because of the exorbitant interest rates being charged by the firms, according to the reports.</font><br /><br /><font >Vasanth Kumar said the government would soon make an ordinance to the existing Act after discussing the matter with officials.</font><br /><br /><font >The minister said thegovernment has no power to reduce interest rates being charged by MFIs.He said only the Reserve Bank of India can take a decision on cutting the interest rates.</font><br /><br /><font >Vasanth Kumar directed the police to book criminal cases against firms which resort to violent methods to recover their loans.</font><br /><br /><font >Meanwhile, PanchayatiRaj Minister Botsa Satyanarayana directed the officials to initiate stringent action against those MFIs which resort to violence in collecting their loans.</font><br /><br /><font >He told media personsin Vizianagaram that the government has directed the police to registercases against agents of finance firms who harass members.</font><br /><br /><font >If the police does not initiate action on the complaints, the government would take disciplinary action against police officials, Satyanarayana warned.</font><br /><br /><font >He said the government was drafting rules and regulations to regulate the operations of MFIs.</font><br /><br /><font >Botsa said the government would also conduct a study on the reasons behind members of Self Help Groups approaching MFIs. The study would reveal whether the financial assistance sanctioned for them was not reaching properly.</font><br /><br /><font >Taking a note of the suicides, Director General of Police K Aravinda Rao in Vijayawada statedif the police receive any complaints, they would act seriously against such institutions.</font><br /><br /></div>                                                           
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    <br><a href="http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017" class="re" target="_blank">Fullhyd.com, 12 October, 2010, http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017</a><div class="clear"></div>
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Home हिन्दी

Govt May Regulate MFIs

Published on Oct 13, 2010   Modified on Oct 13, 2010

Takinga serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP. Talking to media persons in the New Delhi, the minister said that the government would frame rules and regulations to streamline operations of MFIs, as reportsof a large number of women and rural folks committing suicides were on the rise. These people were resorting to taking the extreme step, unableto pay their loans because of the exorbitant interest rates being charged by the firms, according to the reports. Vasanth Kumar said the government would soon make an ordinance to the existing Act after discussing the matter with officials. The minister said thegovernment has no power to reduce interest rates being charged by MFIs.He said only the Reserve Bank of India can take a decision on cutting the interest rates. Vasanth Kumar directed the police to book criminal cases against firms which resort to violent methods to recover their loans. Meanwhile, PanchayatiRaj Minister Botsa Satyanarayana directed the officials to initiate stringent action against those MFIs which resort to violence in collecting their loans. He told media personsin Vizianagaram that the government has directed the police to registercases against agents of finance firms who harass members. If the police does not initiate action on the complaints, the government would take disciplinary action against police officials, Satyanarayana warned. He said the government was drafting rules and regulations to regulate the operations of MFIs. Botsa said the government would also conduct a study on the reasons behind members of Self Help Groups approaching MFIs. The study would reveal whether the financial assistance sanctioned for them was not reaching properly. Taking a note of the suicides, Director General of Police K Aravinda Rao in Vijayawada statedif the police receive any complaints, they would act seriously against such institutions.

Fullhyd.com, 12 October, 2010, http://www.fullhyderabad.com/hyderabad-news/microfinance-debt-related-suicides-govt-mulls-regulating-mfis-2017

Tagged with: Microfinance

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