Tamil Nadu assembly approves bill to curb coercive loan recovery
'The Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Bill, 2025, was drafted because it was necessary to provide a statutory framework to protect vulnerable groups from the aggressive tactics used by money-lending firms,' Deputy chief minister Udhayanidhi Stalin said.
'The money-lending entities are resorting to unethical methods of debt recovery from borrowers who are already in financial distress. These actions sometimes drive borrowers to take their own lives, shattering families and disturbing social order,' the bill read.
'The bill prohibits money-lending entities or their agents from using coercive actions against borrowers or their families during loan recovery,' Udhayanidhi said. 'If harassment from such entities leads to a borrower or family member dying by suicide, the firm and its agents could face charges for abetment to suicide under Section 108 of the Bharatiya Nyaya Sanhita, 2023.'
Besides this, the assembly also passed a bill that transfers the powers of the Governor-Chancellor to the government in the appointment and removal of the Vice-Chancellor of the Tamil Nadu Physical Education and Sports University. This comes after the Supreme Court in its landmark order setting timelines for governors said that the bills readopted by the Tamil Nadu assembly were deemed as having received assent.
'In the said State University Laws, the Government has been empowered to appoint and remove the Vice-Chancellor of 18 Universities. On the same lines, Government has decided to empower themselves to appoint and remove the Vice-Chancellor of the Tamil Physical Education and Sports University,' the bill said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
44 minutes ago
- Time of India
Karnataka must win over Tamil Nadu to unlock Mekedatu dam project, say experts
Bengaluru: Experts believe the impasse over the Mekedatu balancing reservoir project would not be permanent if Karnataka changes its approach from confrontation to collaboration. Planned at the confluence of Cauvery and Arkavathi rivers in Bengaluru South district, the Rs 9,000-crore project aims to store 48tmcft of water, supply 4.7tmcft for Bengaluru's drinking needs, and generate 400Mw of hydropower. Karnataka claims the project will help regulate water flow, prevent droughts and floods, and recharge groundwater. Despite political unity within Karnataka, the project has failed to move forward due to Tamil Nadu's opposition and pending approvals from central agencies. Tamil Nadu fears the dam will reduce its share of Cauvery water. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru A 2018 Supreme Court verdict on the Cauvery water-sharing issue did not prohibit Karnataka from building a dam at Mekedatu, but it said any such project must be cleared by Cauvery Water Management Authority (CWMA), which is bound to consider Tamil Nadu's objections. Although both states are now partners of the INDIA bloc, the dispute remains. For Karnataka, which is battling erratic rainfall and mounting demand in Bengaluru, shelving the project is not an option. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The state assembly has repeatedly passed unanimous resolutions demanding early clearance, escalating tensions with Tamil Nadu. Deputy chief minister DK Shivakumar, who led a 168-km padyatra in 2023 ahead of the assembly polls in support of the project, has been less vocal in recent months. He continues to express commitment but blames the Centre for not facilitating inter-state talks or granting approvals. Experts say Karnataka must reposition the project as a cooperative effort. "This is a project that can move forward but only if Karnataka stops presenting it as a unilateral exercise," said Dr Roopesh Kumar, a retired professor and water policy expert. "It should bring Tamil Nadu into the process. There is room for negotiation under the Cauvery tribunal framework if Karnataka can prove that the project won't affect flows to Tamil Nadu. " Political analyst Vishwas Shetty believes Karnataka's unity on the project offers leverage. "This is a rare issue where all Karnataka parties agree. The state can use that consensus to build pressure on the Centre," he said. "But Karnataka must first assure Tamil Nadu through diplomatic and technical channels that its water share won't be compromised." JD(S) state chief and Union minister HD Kumaraswamy also urged a direct dialogue between states. "The Congress govt in Karnataka should convince the DMK govt in Tamil Nadu to clear the project. I will then get clearance from Prime Minister Narendra Modi in five minutes," he said. Tamil Nadu had passed resolutions opposing the project, citing the Inter-State River Water Disputes Act, 1956, and moved the Supreme Court. "Any construction across the Cauvery by Karnataka will violate both tribunal and court orders," a senior Tamil Nadu official said. Karnataka maintains Mekedatu is a non-irrigation project and does not threaten Tamil Nadu's allocation of 404tmcft under the tribunal's final award and the apex court's revised 2018 order. Karnataka's allocation is 284tmcft. A Central Water Commission official, who spoke on condition of anonymity, said Karnataka must back its case with data. "Karnataka needs to submit a fresh, detailed project report with real-time data on flow, storage, and release mechanisms. If the DPR is watertight and shows that regulated releases will ensure Tamil Nadu's share, the Centre and CWMA may find it difficult to reject." A senior Jal Shakti ministry official said CWMA could mediate too. "CWMA's role isn't only to monitor releases; it can facilitate coordinated efforts to manage water resources. If both states are willing to discuss safeguards, a resolution is not impossible."
Indian Express
2 hours ago
- Indian Express
Govt to hold mega recruitment drive, says CM Fadnavis
The Maharashtra government is gearing up to launch a mega recruitment drive across various departments, Chief Minister Devendra Fadnavis informed the state Legislative Assembly on Monday. 'This mega bharti (mega recruitment) will be initiated once a clear picture of the vacant posts emerges following a 150-day target programme assigned to all departments,' he said. Responding to a 'calling-attention notice' raised by MLA Bhimrao Keram regarding vacant posts in the Scheduled Tribes (ST) category, Fadnavis said, 'We had earlier announced the recruitment of 75,000 posts. So far, over one lakh positions have been filled. The government will not hold back when it comes to recruitment.' The CM outlined key goals under the 150-day programme — restructuring departmental frameworks, updating recruitment rules, ensuring 100% compassionate appointments, and identifying clear vacancies. Based on these, a mega recruitment will be planned, he said. Fadnavis also revealed that as many as 6,860 posts reserved for Scheduled Tribes are currently held by individuals who have not submitted valid caste certificates, even after serving for 20 years or more. 'In a humanitarian approach, the government has treated these posts as supernumerary, meaning these employees will continue in their positions but will not be eligible for promotions. After they retire, these posts will be considered vacant and can be filled as per reservation norms,' he said. Out of these, 1,343 posts have already been filled with eligible ST candidates, and the process is underway to fill the rest. The government is also working to simplify and digitise the caste verification process using blockchain-based systems, aiming to bring speed and transparency. In a related development, Fadnavis announced that the Supreme Court has lifted the stay on inheriting sanitation jobs. Recruitment for such posts will now proceed based on the recommendations of the Lad–Page Committee. 'Recruitment for ST-reserved posts in the Public Works Department will also be taken up shortly. A special secretarial task force will be constituted to expedite and streamline the caste certificate verification process,' the CM added.
Indian Express
2 hours ago
- Indian Express
Delhi: Three men loot cold drink godown in Tri Nagar, flee with Rs 2.5 to 3 lakh
Three unidentified assailants looted a cold drink godown on Hansapuri Road in Northwest Delhi's Tri Nagar on Monday afternoon. According to police, a PCR call was received at Keshav Puram police station around 4.00 pm reporting the incident. Upon reaching the spot, the police met the complainant, Deepak Aggarwal. In his statement, Aggarwal informed that he and his business partner, Deepak Garg, were working inside their godown when three men arrived on a black motorcycle. According to the police, the assailants, armed with a pistol and a knife, threatened them and robbed approximately Rs 2.5 to 3 lakh in cash from the counter before fleeing the scene. A case has been registered under sections 311 (robbery or dacoity with attempt to cause death or grievous hurt) and 3(5) (common intent) of the Bharatiya Nyaya Sanhita. Efforts are on to identify the accused using CCTV footage and local intelligence, police said
