Sunday, July 10, 2011

Andhra Pradesh lambasts microfinance bill, wants full rethink

In a 1200-word, aggressive response, the Andhra Pradesh government has called for a rethink on the microfinance bill introduced by the finance ministry. “Even if the Reserve Bank of India (RBI) becomes the sole regulator of the sector, the fallout of coercive recovery practices including suicides becomes a subject of state........

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