Microfinance Bill

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  Sensex Up 200 Points as Government Looks for Compromise on GST Reform

  The gains came after Prime Minister Narendra Modi's office said Modi was due to meet opposition Congress party leader Sonia Gandhi on Friday evening to discuss the GST reform and other bills to be debated in the winter session of parliament.

• Chidambaram hopeful of early passage of Microfinance Bill

  Finance Minister P Chidambaram today said the proposed Bill on micro-finance institutions will provide adequate legislative framework for development and regulation of the sector.

• Govt tables Microfinance Bill in Lok Sabha

  The Bill gives regulatory and administrative powers over the industry and microfinance instituions (MFIs) to the Reserve Bank of India.

• Micro-finance bill is anti-poor, says Andhra Pradesh government official

  The micro finance bill, approved by the Union Cabinet last week, is anti-poor and will help microfinance institutions (MFIs) and not small borrowers, a senior official of the Andhra Pradesh Government said.

• SKS Micro soars 19% on cabinet approval to Microfinance Bill

  The stock is down 92% since its debut in 2010 as the Andhra Pradesh govt cracked down on the sector.

• Union Cabinet postpones insurance bill, clears microfinance bill

  India's Union Cabinet on Friday deferred a key insurance Bill. "The consideration of the Insurance Bill has been postponed," Finance Minister Pranab Mukherjee said after the Cabinet meeting. "A 26 per cent FDI (foreign direct investment) cap already exists, made no sense going ahead with the same cap," he said. However, the Cabinet cleared the Mic...

• SKS securitises loans worth Rs 321 cr; shares up 4%

  SKS Microfinance Ltd said it has completed securitisation of Rs 321 crore with four banks.

• SKS Micro may become a multibagger: Ambareesh Baliga

  The new Microfinance Bill will be over-riding on all other bills. SKS has value at these levels.

• Ailing MFIs hail move to bring in central law

  The crisis-ridden microfinance sector has welcomed the budgetary proposal to table the new MFI Bill

• RBI to regulate microfinance sector, says new Bill

  The government on Wednesday released the draft Micro Financial Sector (Development and Regulation) Bill, 2011, which seeks to make it mandatory for all microfinance institutions to be registered with the Reserve Bank, making it the sector regulator. The Bill in its earlier form had proposed that the National Bank for Agriculture and Rural D...

• SKS Micro surges 20% on new draft bill

  Stocks of SKS Microfinance surged 20 per cent in early trade on the back of a new draft bill that makes the RBI a regulator for the sector. SKS Micro was also the most traded counter in terms of volumes on the BSE 500 index. The surge came on the back of initial weakness when SKS tanked nearly 8 per cent on reports of alleged cash embezzlem...