Karnataka Governor rejects Siddaramaiah govt's ordinance on microfinance regulation

News Network
February 7, 2025

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Governor Thaawarchand Gehlot returned to the State Government the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, suggesting that the ordinance will benefit borrowers while no provision has been made to provide protection to lenders.

Sources in the government said that the Governor felt the need for a detailed discussion on the ordinance in the legislature. Since the budget session will commence in March 2025, he advised the government to discuss the issue during the session, instead of bringing in the ordinance in a hurry.

The Governor advised the State Government to deliberate on the issue in detail and bring an effective enactment in the interest of the affected people and to protect their rights.

Following alleged harassment by microfinance companies seeking repayment of loans, more than a dozen borrowers had committed suicide in Karnataka. To check the harassment from MFIs, the government has proposed the ordinance.

The Raj Bhavan is of the opinion that it is the duty of the State to protect the vulnerable persons of the society. But, it is also necessary to protect the lawful and genuine rights of the persons who have lent to needy persons within the existing laws with proper checks and balance mechanism.

Mr Gehlot noted: “If all the pending loans with interest as on date is discharged, the lawful and genuine lenders may face trouble. Further, they have no remedy to recover their pending amounts, which may lead to legal battle.”

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News Network
March 18,2025

Mangaluru: The Bharatiya Janata Party (BJP) has strongly criticized the Karnataka government's decision to reserve 4% of government contracts for Muslims, calling it an unconstitutional move that promotes division in society. Dakshina Kannada MP Captain Brijesh Chowta reaffirmed the party’s commitment to challenging this policy both legally and politically.

Speaking to the media, Capt. Chowta stated that Dr. B.R. Ambedkar had introduced reservations specifically for Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBCs) to uplift marginalized communities. He accused Chief Minister Siddaramaiah of misusing the concept of AHINDA politics to cater to specific organizations rather than working for the welfare of all backward communities in Karnataka.

“The Congress government’s decision is an unconstitutional and religion-based move aimed at appeasement politics. It is a betrayal of backward communities and a clear attempt to divide society along religious lines,” said Capt. Chowta. He further asserted that the BJP would not remain silent and would oppose the decision at every level.

The BJP plans to file a writ petition in the High Court seeking to overturn the government's move, which it believes is a calculated effort to gain religious vote banks. Capt. Chowta also condemned the government’s allocation of Rs 1,000 crore under the "Minority Colonies Development Fund" in the state budget, arguing that such policies undermine the principles of equality enshrined in the Constitution.

He emphasized that the Supreme Court has repeatedly ruled against religion-based reservations and reiterated that Dr. Ambedkar himself opposed such policies during the drafting of the Constitution. “Previous attempts to introduce religion-based reservations in other states have been struck down by courts, yet the Siddaramaiah government continues to push its vote-bank agenda. We will fight until this unconstitutional decision is revoked,” he added.

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News Network
March 21,2025

Bengaluru: The Karnataka Assembly on Friday passed Bills doubling the salaries of the chief minister, ministers, and legislators, adding an annual burden of ₹62 crore on the exchequer.

The CM's monthly salary will increase from ₹75,000 to ₹1.5 lakh, while ministers will see a 108% hike, from ₹60,000 to ₹1.25 lakh. MLAs and MLCs will get ₹80,000 per month, up from ₹40,000, and their pension will rise from ₹50,000 to ₹75,000.

The Karnataka Ministers Salaries and Allowances (Amendment) Bill and the Karnataka Legislature Salaries, Pensions and Allowances (Amendment) Bill were passed without debate, as the Opposition BJP protested in the well of the House.

The Bills cited the rising cost of living as justification for the hike. The Assembly Speaker and Legislative Council chairperson will now receive ₹1.25 lakh per month, up from ₹75,000.

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News Network
March 10,2025

Many parts of Karnataka, which have been experiencing hot and humid conditions over the past few days, are expected to receive pre-monsoon showers this week.

The India Meteorological Department (IMD) has forecast rainfall over south-interior and coastal Karnataka on March 11 and 12.

According to synoptic observations, an upper air cyclonic circulation lies over the northeast equatorial Indian Ocean and the adjoining southeast Bay of Bengal, extending up to 5.8 km above mean sea level. Additionally, light to moderate southeasterly winds are prevailing over the State at lower tropospheric levels.

As per the forecast, isolated light rain and thundershowers are likely in Kolar, Bengaluru Urban, Bengaluru Rural, Chickballapur, Tumakuru, Ramanagara, Mandya, Mysuru, Chamarajanagar, Kodagu, and Hassan districts in south-interior Karnataka, along with Dakshina Kannada and Udupi in coastal Karnataka on March 11.

On March 12, rainfall activity may extend to Shivamogga and Chikkamagaluru as well. However, dry weather is expected to prevail over the rest of the State.

In Bengaluru, temperatures remained high on Sunday, with the city and Kempegowda International Airport recording a maximum of 34.5°C, while the HAL Airport station reported 34.1°C. The minimum temperatures were recorded at 19.7°C, 18.5°C, and 18°C at these respective stations.

Over the next few days, Bengaluru’s maximum and minimum temperatures are expected to be around 34°C and 20°C. The highest-ever temperature recorded in March was 37.3°C in 1996.

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