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KARNATAKA GOVERNMENT MICROFINANCE LAWS
Assam brings in MGR for liquor licences; prices likely to rise from July 1Assam's excise laws have been amended. A new provision, Minimum Guaranteed Revenue, will be introduced for liquor license holders. This wil...- Default clouds hover over microfinance as industry flags weak monsoonIn the evolving world of India's microfinance sector, fresh credit risks are emerging on the horizon. The dual challenges of an unsteady mo...
- Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...
- Somanna flags off Madgaon-Karwar express boosting connectivity between Karnataka & GoaA new train service, the Madgaon–Karwar Express, has been launched. Union Minister V Somanna flagged off the service from Madgaon Railway S...
- Karnataka approves 50 AI labs in government collegesKarnataka is establishing 50 AI labs in government colleges to boost emerging tech skills and employability in smaller cities. This initiat...
- Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
- Karnataka CM DK Shivakumar visits MLA K Shadakshari in Delhi hospital, wishes speedy recoveryKarnataka Chief Minister D K Shivakumar visited MLA K Shadakshari in a Delhi hospital. He also met Union Finance Minister Nirmala Sitharama...
- Karnataka approves initiatives worth over Rs 27 crore for startups, biotechKarnataka's IT/BT department has approved four initiatives totaling over Rs 27 crore to boost innovation across the state. These projects i...
- Karnataka CM Shivakumar points to migration pressure on Bengaluru, seeks Centre’s supportBengaluru's Chief Minister DK Shivakumar has requested additional infrastructure funding from the Centre. The city's status as India's tech...
- HFCs emerge stronger after FY26 stress, asset quality recovers sharply; sector better placed for FY27: ReportHousing finance companies have emerged stronger after facing challenges. Asset quality has improved significantly. Loan growth is picking u...
- Credit guarantee scheme for MFI 2.0 gets extensionThe Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees ...
- KIADB to digitise land management process in 100 days, says minister PatilKarnataka's Industries Minister M B Patil announced a 100-day deadline for digitizing the entire land management and plot allotment process...
- Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
- Microfinance market reports a small rise in early stage delinquencyMicrofinance loan defaults in the early stages increased in April. However, loans facing later stage defaults showed improvement. The overa...
- Meta partners with Reliance to lease 168 MW AI data centre in JamnagarMeta has deepened its India bet by partnering with Reliance Industries to build its first AI-ready data centre in the country, leasing 168 ...
- Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...
- Supreme Court upholds higher mining royalty after law changeThe Supreme Court ruled that state governments can charge higher royalties from mining companies if laws change after a tender agreement. I...
- Microfinance NPAs may edge up in FY27 as write-off practices normalise: CareEdgeForecasts for FY27 suggest a modest rise in bad loans for microfinance institutions, a development stemming from the adjustments following ...
- Meet DK Shivakumar's A-team: Karnataka's new Chief Minister unveils first cabinetD.K. Shivakumar takes oath as Karnataka's new chief minister today. His cabinet includes experienced leaders and new faces, balancing regio...
- Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...
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