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MFIs Debate In Parliament

The Lok Sabha is likely to take up the issue of microfinance institutions in its winter session.
Hyderabad | 25th October 2010
The winter session of parliament is most likely to debate on the burning MFI issue in the State.

Talking to media persons, Minister for Rural Development Vatti Vasantha Kumar stated that if everything went as scheduled and as stipulated, the Lok Sabha will discuss functioning of the microfinance organisations. He added that the Centre might also introduce a bill to regulate the activities of the microfinance institutions, which drew considerable attention in the society as their victims' sufferings reached a saturation point.

The minister, along with Agriculture Minister Raguveera Reddy blamed TDP leaders for attempting to drag in the names of Sonia and Rahul Gandhi into a controversy over their alleged meeting with SKF MD Vikram Akula.

The ministers pointed out that Telugu Desam Party president N Chandrababu Naidu had posed for photographs with many controversial persons. They challenged Naidu for a discussion on the subject.

At a separated press meeting, 20-Point Programme Chairman Tulasi Reddy also condemned Naidu for slinging mud at Rahul Gandhi and Sonia Gandhi.

Courtesy: INN
filed in:  Microfinance, Microfinance Institutions
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