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Govt sends microfinance ordinance to governor again with explanation
Hindustan Times Bengaluru
|February 11, 2025
The Karnataka government on Monday once again submitted the microfinance ordinance to Governor Thaawarchand Gehlot, after addressing concerns raised by him earlier.
BENGALURU:
The ordinance, which seeks to curb aggressive loan recovery practices, was initially sent back by the governor with multiple objections. However, the government has reiterated the necessity of the law without making modifications to its provisions.
"A comprehensive explanation regarding the microfinance ordinance has been sent back to the governor as per his request," stated the chief minister's office (CMO).
Diese Geschichte stammt aus der February 11, 2025-Ausgabe von Hindustan Times Bengaluru.
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