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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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
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

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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-trace').style.display = (document.getElementById('cakeErr68251849f3b08-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68251849f3b08-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-code').style.display = (document.getElementById('cakeErr68251849f3b08-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-context').style.display = (document.getElementById('cakeErr68251849f3b08-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68251849f3b08-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68251849f3b08-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4330,
		&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4421,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4330,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance,Financial Inclusion&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4330,
	&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4421,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4330
$metaTitle = &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;
$metaKeywords = &#039;Microfinance,Financial Inclusion&#039;
$metaDesc = &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | India's Finance Minister to Review Microfinance by Paul Beckett | Im4change.org</title>
    <meta name="description" content="


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>India's Finance Minister to Review Microfinance by Paul Beckett</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br /><br /><font >In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br /><br /><font >Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br /><br /><font >&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br /><br /><font >He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br /><br /><font >When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br /><br /><font >Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br /><br /><font >And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-trace').style.display = (document.getElementById('cakeErr68251849f3b08-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68251849f3b08-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-code').style.display = (document.getElementById('cakeErr68251849f3b08-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-context').style.display = (document.getElementById('cakeErr68251849f3b08-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68251849f3b08-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68251849f3b08-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4330,
		&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4421,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4330,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance,Financial Inclusion&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4330,
	&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4421,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4330
$metaTitle = &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;
$metaKeywords = &#039;Microfinance,Financial Inclusion&#039;
$metaDesc = &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | India's Finance Minister to Review Microfinance by Paul Beckett | Im4change.org</title>
    <meta name="description" content="


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>India's Finance Minister to Review Microfinance by Paul Beckett</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br /><br /><font >In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br /><br /><font >Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br /><br /><font >&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br /><br /><font >He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br /><br /><font >When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br /><br /><font >Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br /><br /><font >And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-trace').style.display = (document.getElementById('cakeErr68251849f3b08-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68251849f3b08-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-code').style.display = (document.getElementById('cakeErr68251849f3b08-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68251849f3b08-context').style.display = (document.getElementById('cakeErr68251849f3b08-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68251849f3b08-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68251849f3b08-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4330,
		&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4421,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4330,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance,Financial Inclusion&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4330,
	&#039;title&#039; =&gt; &#039;India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;indias-finance-minister-to-review-microfinance-by-paul-beckett-4421&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4421,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4330
$metaTitle = &#039;LATEST NEWS UPDATES | India&#039;s Finance Minister to Review Microfinance by Paul Beckett&#039;
$metaKeywords = &#039;Microfinance,Financial Inclusion&#039;
$metaDesc = &#039;


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Mr. Mukherjee said he expects to receive the committee&#039;s report by December and &amp;quot;I will take appropriate measures in consultation with the RBI.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;quot;My idea is not to strangulate&amp;quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &amp;quot;moderate.&amp;quot; &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;He also said banks that lend to the sector are being urged to monitor their microfinance clients.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &amp;quot;I want to act quickly but at the same time I cannot hit the panic button.&amp;quot;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state&#039;s minister for rural development. &lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/indias-finance-minister-to-review-microfinance-by-paul-beckett-4421.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | India's Finance Minister to Review Microfinance by Paul Beckett | Im4change.org</title>
    <meta name="description" content="


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>India's Finance Minister to Review Microfinance by Paul Beckett</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br /><br /><font >In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br /><br /><font >Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br /><br /><font >&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br /><br /><font >He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br /><br /><font >When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br /><br /><font >Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br /><br /><font >And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 4330,
		'title' => 'India's Finance Minister to Review Microfinance by Paul Beckett',
		'subheading' => '',
		'description' => '<font face="arial,helvetica,sans-serif" size="3"><br />
</font>
<div align="justify">
<font face="arial,helvetica,sans-serif" size="3">Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br />
<br />
</div>',
		'credit_writer' => 'The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'indias-finance-minister-to-review-microfinance-by-paul-beckett-4421',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4421,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 4330,
	'metaTitle' => 'LATEST NEWS UPDATES | India's Finance Minister to Review Microfinance by Paul Beckett',
	'metaKeywords' => 'Microfinance,Financial Inclusion',
	'metaDesc' => '


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...',
	'disp' => '<font ><br /></font><div align="justify"><font >Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br /><br /><font >In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br /><br /><font >Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br /><br /><font >&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br /><br /><font >He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br /><br /><font >When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br /><br /><font >Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br /><br /><font >And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br /><br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 4330,
	'title' => 'India's Finance Minister to Review Microfinance by Paul Beckett',
	'subheading' => '',
	'description' => '<font face="arial,helvetica,sans-serif" size="3"><br />
</font>
<div align="justify">
<font face="arial,helvetica,sans-serif" size="3">Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br />
<br />
</div>',
	'credit_writer' => 'The Wall Street Journal, 19 November, 2010, http://online.wsj.com/article/SB10001424052748704170404575624233195046078.html',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'indias-finance-minister-to-review-microfinance-by-paul-beckett-4421',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4421,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 4330
$metaTitle = 'LATEST NEWS UPDATES | India's Finance Minister to Review Microfinance by Paul Beckett'
$metaKeywords = 'Microfinance,Financial Inclusion'
$metaDesc = '


Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.

In comments...'
$disp = '<font ><br /></font><div align="justify"><font >Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh.</font><br /><br /><font >In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments.</font><br /><br /><font >Mr. Mukherjee said he expects to receive the committee's report by December and &quot;I will take appropriate measures in consultation with the RBI.&quot;</font><br /><br /><font >&quot;My idea is not to strangulate&quot; the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be &quot;moderate.&quot; </font><br /><br /><font >He also said banks that lend to the sector are being urged to monitor their microfinance clients.</font><br /><br /><font >When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, &quot;I want to act quickly but at the same time I cannot hit the panic button.&quot;</font><br /><br /><font >Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections.</font><br /><br /><font >And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development. </font><br /><br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

India's Finance Minister to Review Microfinance by Paul Beckett

Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh. In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come under sharp criticism in Andhra Pradesh with regulators introducing new restrictions and politicians urging borrowers not to pay, leading to a dramatic drop in loan repayments. Mr. Mukherjee said he expects to receive the committee's report by December and "I will take appropriate measures in consultation with the RBI." "My idea is not to strangulate" the business, he said, noting that it can be an effective tool for reaching poor people with financial services who fall outside the banking mainstream. But he also suggested that interest rates on loans could be regulated and that the rate of interest should be "moderate." He also said banks that lend to the sector are being urged to monitor their microfinance clients. When asked whether the industry could wait weeks for his recommendations, Mr. Mukherjee replied, "I want to act quickly but at the same time I cannot hit the panic button." Politicians in Andhra Pradesh, which accounts for as much as 35% of the Indian industry and is headquarters to its largest lenders, recently urged borrowers to stop paying amid criticism that lenders were being overly aggressive in collections. And Andhra Pradesh, in its ordinance last month, proposed microfinance institutions register all their members with the government and decrease their interest rates, according to V. Vasant Kumar, the state's minister for rural development.