Karnataka cabinet nod for bills against loan sharks

Thursday, 20 February 2025
The Karnataka cabinet approved amendments to strengthen penalties against cooperative societies and pawnbrokers charging excessive interest rates, following concerns by the state governor. The changes, related to a recent microfinance regulatory ordinance, increase imprisonment terms and fines. The cabinet also discussed the transfer of development rights dispute involving the Mysuru royal family, after a Supreme Court ruling.

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Karnataka State in southern India

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