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: 73
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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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\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

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: 74
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 74
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 88
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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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &amp;ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&amp;rdquo; Meena said.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee is expected to submit its recommendations in three months.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.&lt;/font&gt;&lt;br /&gt;
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The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.

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                <strong>Govt plans microfinance regulatory bill</strong></h1>
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                <font ><br /></font><div align="justify"><font >The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.</font><br /><br /><font >The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br /><br /><font >&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br /><br /><font >The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br /><br /><font >The committee is expected to submit its recommendations in three months.</font><br /><br /><font >Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br /><br /><font >The central bank currently does not regulate interest rates charged by microlenders, but issues a fair practice code on interest rates to non-banking financial companies.</font><br /><br /><font >The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules.</font><br /><br /><font >&ldquo;A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,&rdquo; The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds.</font><br /><br /><font >The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br /><br /></div>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.&lt;/font&gt;&lt;br /&gt;
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The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.

The move follows tight scrutiny of the fast-growing, largely unregulated, small loans...&#039;
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The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.

The move follows tight scrutiny of the fast-growing, largely unregulated, small loans..."/>
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                <strong>Govt plans microfinance regulatory bill</strong></h1>
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                <font ><br /></font><div align="justify"><font >The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.</font><br /><br /><font >The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br /><br /><font >&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br /><br /><font >The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br /><br /><font >The committee is expected to submit its recommendations in three months.</font><br /><br /><font >Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br /><br /><font >The central bank currently does not regulate interest rates charged by microlenders, but issues a fair practice code on interest rates to non-banking financial companies.</font><br /><br /><font >The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules.</font><br /><br /><font >&ldquo;A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,&rdquo; The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds.</font><br /><br /><font >The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br /><br /></div>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.&lt;/font&gt;&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.&lt;/font&gt;&lt;br /&gt;
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&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp;amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&amp;rdquo; Meena said in a written reply in the Rajya Sabha.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &amp;ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&amp;rdquo; Meena said.&lt;/font&gt;&lt;br /&gt;
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The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.

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                <strong>Govt plans microfinance regulatory bill</strong></h1>
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                <font ><br /></font><div align="justify"><font >The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.</font><br /><br /><font >The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br /><br /><font >&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br /><br /><font >The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br /><br /><font >The committee is expected to submit its recommendations in three months.</font><br /><br /><font >Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br /><br /><font >The central bank currently does not regulate interest rates charged by microlenders, but issues a fair practice code on interest rates to non-banking financial companies.</font><br /><br /><font >The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules.</font><br /><br /><font >&ldquo;A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,&rdquo; The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds.</font><br /><br /><font >The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br /><br /></div>               </font>
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<font face="arial,helvetica,sans-serif" size="3">The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The committee is expected to submit its recommendations in three months.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules.</font><br />
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<br />
<font face="arial,helvetica,sans-serif" size="3">The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br />
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<br />
<font face="arial,helvetica,sans-serif" size="3">The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br />
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<font face="arial,helvetica,sans-serif" size="3">The committee is expected to submit its recommendations in three months.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br />
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<br />
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,&rdquo; The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br />
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$metaTitle = 'LATEST NEWS UPDATES | Govt plans microfinance regulatory bill'
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The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.

The move follows tight scrutiny of the fast-growing, largely unregulated, small loans...'
$disp = '<font ><br /></font><div align="justify"><font >The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday.</font><br /><br /><font >The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt.</font><br /><br /><font >&ldquo;The Department of Financial Services proposes to introduce the Micro Finance (Development &amp; Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,&rdquo; Meena said in a written reply in the Rajya Sabha.</font><br /><br /><font >The Malegam committee, headed by central bank official YH Malegam, will look into various issues, &ldquo;including ways and means of making interest rates charged by them (MFIs) reasonable,&rdquo; Meena said.</font><br /><br /><font >The committee is expected to submit its recommendations in three months.</font><br /><br /><font >Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall.</font><br /><br /><font >The central bank currently does not regulate interest rates charged by microlenders, but issues a fair practice code on interest rates to non-banking financial companies.</font><br /><br /><font >The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules.</font><br /><br /><font >&ldquo;A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,&rdquo; The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds.</font><br /><br /><font >The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.</font><br /><br /></div>'
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Govt plans microfinance regulatory bill

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development & Regulation) Bill, 2010, after taking into account the views of RBI (Reserve Bank of India) and the Malegam Committee recommendations,” Meena said in a written reply in the Rajya Sabha. The Malegam committee, headed by central bank official YH Malegam, will look into various issues, “including ways and means of making interest rates charged by them (MFIs) reasonable,” Meena said. The committee is expected to submit its recommendations in three months. Microfinance loans can be as low as Rs2,000 ($44) at interest rates that can top 30%. Borrowers use the cash for various ventures such as buying livestock or opening a tea stall. The central bank currently does not regulate interest rates charged by microlenders, but issues a fair practice code on interest rates to non-banking financial companies. The Orissa government said last Friday it would look into lending to the poor, joining Andhra Pradesh government which last month tightened rules. “A for-profit MFI should be regulated like any other money lender and there should be good money lending legislation in every state,” The Economic Times quoted YVReddy, a former central bank governor as saying on Tuesday. Indian rating agency CRISIL on Monday put 12 microfinance institutions on a negative ratings watch, saying the recent ordinance in southern India was reducing profits and would make it harder for the firms to attract funds. The sector surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an initial public offering (IPO) in August, becoming the first such firm in the country to go public.