A worried government has put on fast track the proposed bill to regulate micro-lenders, as it seeks to ensure that over-regulation by states does not kill the sector that is envisaged to play a big role in furthering financial inclusion. The finance ministry could move a bill in the winter session of Parliament that will make Nabard responsible for regulation of all non-profit microfinance institutions structured as trusts, cooperatives, or mutual...

Farmers from Vidarbha and Marathwada regions will hold Maharashtra's first 'Kapus Parishad' (Cotton Conclave) here Oct 26 where they will demand higher prices for cotton, an activist said here Sunday. Organised by NGO Vidarbha Jan Andolan Samiti (VJAS), the conference will seek the government's intervention in increasing the prices of raw cotton from the minimum support price (MSP) of Rs.3,000 per quintal to Rs.4,500 per quintal. 'Cotton is the biggest cash crop...

The Andhra Pradesh Police on Friday said it has arrested three people working with SKS Microfinance and Spandana on a complaint of harassment by a borrower, and might book the companies' respective promoters Vikram Akula and Padmaja Reddy under a new Ordinance to check coercive methods of loan recovery. The borrower, Ammulu, filed the complaint with the Yemmiganur police station in Kurnool district, about 270 km from Hyderabad, last night. A...

Public uproar over 20 suicides in two months has forced the Andhra Pradesh government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...

Jatland may be basking in the golden glow of women medal winners at the Commonwealth Games but the average Haryanvi continues to disfavour the girl child, posting the worst gender skew in five years. The sex ratio in Haryana has skid to its lowest of 834 girls for 1,000 boys in the age group of 0-6 years in the past five years. In 2006, it was 857 girls for 1,000 boys...