Madappa, member of erstwhile Mysuru state assembly, dies at 96

Bengaluru, Jan 24: Following several reported suicides allegedly caused by harassment from Microfinance Institutions (MFIs), Karnataka Home Minister G. Parameshwara on Friday acknowledged that the current laws are insufficient in dealing with the highhandedness of these institutions in the state.

Speaking to the media in Bengaluru, Parameshwara confirmed widespread complaints of MFI-related harassment, stating that existing laws were ineffective in curbing the issue. The Congress government plans to amend the law to ensure stricter regulations for MFIs.

"The reports from our department indicate that current laws are inadequate, and they lack the necessary strength to curb this menace," Parameshwara said. He added that new, stringent laws would be framed to regulate the MFIs, with the Congress government taking steps in that direction. In the meantime, officials have been instructed to take immediate action regarding ongoing harassment cases.

Explaining the situation, Parameshwara highlighted that MFIs often demand multiple signatures from loan recipients, which they might not fully understand. "This leads to forced raids, seizures of properties, and other actions," he noted, adding that such practices need to be addressed under law.

Law Minister H.K. Patil and Chief Minister Siddaramaiah have also taken note of the issue. Siddaramaiah has called for a meeting on January 25 to discuss the alarming rise in cases and the ineffectiveness of current laws.

The issue has sparked public outcry, with victims’ families, including the wife of a suicide victim, sending symbolic protests such as mangalsutras to Parameshwara, demanding action against the MFI staff involved. Numerous petitions have been filed in Deputy Commissioners' offices across the state, urging government intervention to stop MFI harassment.

In response, opposition leaders, including Union Minister H.D. Kumaraswamy, BJP’s R. Ashoka, and Basavaraj Bommai, have accused the Congress government of losing control over MFIs, enabling the widespread exploitation of vulnerable citizens.

Mangaluru, Jan 24: A high-level meeting to foster trade ties and attract Japanese companies to Mangaluru was held on Wednesday, focusing on leveraging the region’s robust infrastructure, skilled workforce, and strategic connectivity.

Hosted by Kanara Chamber of Commerce and Industry (KCCI) President Anand G. Pai, the session welcomed a Japanese delegation led by Prof. Gopal Mugeraya, Vice-President of Technical Education at NITTE, and included prominent figures such as Komatsu Shinya, Prefectural Assembly Member and Former Vice Chairman of Japan; Katsutoshi Seiwa, Director of Industrial Technology Innovation Division; and Kotaro Kurosaka, CEO of Sanyo Machinery Company, among others.

Anand G. Pai highlighted KCCI’s pivotal role in promoting trade and commerce, particularly the opportunities offered by the Mangalore Special Economic Zone Limited (MSEZL), which has already garnered interest from a multinational corporation. Pai assured the delegation of KCCI’s unwavering support to facilitate smooth business operations in the region. He also invoked Dakshina Kannada MP Capt. Brijesh Chowta’s "Back to Ooru" vision, urging Indians in Japan to invest in Mangaluru to spur local employment and boost MSMEs.

Capt. Chowta, who felicitated the Japanese delegates, pledged full support, including land allocation, streamlined compliance processes, and potential government grants. He emphasized plans to collaborate with Union Finance Minister Nirmala Sitharaman to secure additional funding for these initiatives.

Mangaluru City South MLA D. Vedavyas Kamath lauded Japan’s technological leadership and appreciated its interest in the region. He also commended MP Chowta’s advocacy for infrastructure development as a foundation for such collaborations.

KCCI Vice-President Ahmed Mudassar, Secretary Aditya Padmanabha Pai, and other key officials were also present at the meeting, which is expected to pave the way for enhanced trade relations and local economic growth.

The US consulate in Bengaluru will hold its ‘site-dedication ceremony’ on January 17, with officials confirming that the location of the upcoming consulate will be disclosed during the event. Sources indicate that the site could be in either the Central Business District or Whitefield.

While the consulate building is under development, visa services may temporarily begin at the JW Marriott hotel, which currently houses the United States Commercial Service (USCS) office.

Bengaluru has long advocated for the establishment of a US consulate, and with its opening, residents of the city and Karnataka will no longer need to travel to other states for their US visa applications.

It was in January of the previous year that External Affairs Minister S. Jaishankar, during his visit to Bengaluru, expressed his intention to urge the US Ambassador to India to establish a consulate in the city. This move follows the announcement during Prime Minister Modi’s June 2023 visit to the US, where it was revealed that two new US consulates would open in Bengaluru and Ahmedabad, and India would set up a mission in Seattle.