Karnataka to amend laws to curb microfinance harassment amid suicides

News Network
January 24, 2025

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.

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Agencies
May 9,2025

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The Ministry of Defence has urged media outlets, digital platforms, and individuals to refrain from live coverage or real-time reporting of defence operations and troop movements.

Citing the risks to operational success and personnel safety, the Ministry highlighted past incidents — including the Kargil War, the 26/11 attacks, and the Kandahar hijacking — where premature information disclosure had severe consequences.

"Under Clause 6(1)(p) of the Cable Television Networks (Amendment) Rules, 2021, only authorised officials are permitted to release updates during anti-terror operations," the Ministry stressed. It called for responsible reporting and greater sensitivity towards national security concerns.

Meanwhile, Defence Minister Rajnath Singh chaired a high-level review of the country’s security situation on Friday (May 9, 2025) at South Block in New Delhi, following the foiled large-scale drone strike launched by Pakistan on Thursday.

The meeting was attended by senior military leadership, including Chief of Defence Staff General Anil Chauhan, Chief of Army Staff General Upendra Dwivedi, Chief of Naval Staff Admiral Dinesh K Tripathi, Chief of Air Staff Air Chief Marshal Amar Preet Singh, and Defence Secretary RK Singh.

The security review comes in the aftermath of Operation Sindoor, in which Indian Armed Forces struck nine terror infrastructures across Pakistan and Pakistan-occupied Kashmir on Wednesday, prompting Pakistan’s attempted retaliation.

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News Network
April 29,2025

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Newcastle (Washington) / Mysuru: In a deeply disturbing incident that has shocked both the tech world and local communities in India and the U.S., a Mysuru-based entrepreneur allegedly shot and killed his wife and one of their sons before turning the gun on himself at their residence in Newcastle, Washington. 

The couple’s younger son, aged seven, survived, having stepped out of the house shortly before the tragedy unfolded.

The accused, Harsha Kikkeri (57)—also known as Harshavardhan—was the founder and CEO of HoloWorld, a Mysuru-based robotics company. His wife Shwetha and one of their sons were found dead at the scene along with Harsha, according to the King County Sheriff’s Office (KCSO). Authorities responded to a 911 call at a townhouse in the 7000 block of 129th Street on Thursday night (U.S. time). Upon arrival, deputies found three bodies and confirmed that the scene posed no further threat to public safety.

While investigators are treating it as a murder-suicide, the exact motive remains unknown. The King County Medical Examiner’s Office has yet to release the names or ages of the deceased children. The case remains under active investigation.

A Life of Innovation and Ambition

Hailing from Kikkeri village in Karnataka’s Mandya district, Harsha was an engineering graduate from Sri Jayachamarajendra College of Engineering (SJCE), Mysuru. He went on to work with Microsoft in the United States, where he was involved in cutting-edge robotics development.

In 2017, Harsha and Shwetha returned to India and co-founded HoloWorld, a robotics startup that soon made headlines for its product HoloSuit—a bi-directional, wireless full-body motion capture suit. Touted as the world’s first of its kind at an affordable price, the suit was designed for applications across healthcare, sports, education, and skill development.

HoloWorld's products were exported to multiple countries, including the US, UK, and Israel. Indian cricket star Yuvraj Singh served as the brand ambassador. Harsha even met Prime Minister Narendra Modi to discuss deploying robotic soldiers along India's borders. As a respected member of The Indus Entrepreneurs (TiE) network, he frequently spoke at tech and innovation forums.

Despite his professional achievements, the recent tragedy has left many in the tech and entrepreneurial communities grappling for answers.

Community in Mourning

Neighbours in the Newcastle suburb described the family as kind, quiet, and largely private.

“We would exchange greetings. I often saw the mother walking her children to school—she was very warm,” said Alex Gumina, President of the local Homeowners Association.

Another neighbour recalled, “She was always smiling, and her younger son was especially affectionate. We’re devastated—this is unimaginable.”

Residents are planning a community gathering over the weekend to honor the family and support the surviving child.

Business Winds Down After Pandemic

HoloWorld’s corporate headquarters in India was located in Vijayanagar Third Stage, Mysuru, specifically housing its division HoloEducation. The company operated actively from 2018 until it scaled down in 2022 amid the pandemic. The premises have since remained vacant.

“I haven’t been in touch with them in years,” said the building owner. “They shut down during COVID, and I only heard about the tragedy yesterday.”

The incident has sent shockwaves through Mysuru’s business circles. Bhaskar Kalale, Chairman of EqualizeRCM India and President of TiE Mysuru Chapter, expressed deep condolences, calling the event “heartbreaking beyond words.”

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News Network
May 13,2025

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Srinagar: Following an unprecedented episode of intense cross-border shelling by the Pakistan Army that directly targeted the towns of Rajouri and Poonch in Jammu and Kashmir, the Indian government is moving to construct community bunkers in these towns and other vulnerable areas along the Line of Control (LoC).

While the government has, over the past decade, supported the construction of both individual and community bunkers along the LoC and the International Border (IB), towns like Rajouri and Poonch had been excluded from such initiatives. These towns were considered safe, as previous shelling incidents were largely restricted to forward villages closer to the border.

Officials now say the latest shelling marks a dangerous shift in the pattern of cross-border hostilities.

“The nature and intensity of the attack marked a significant departure from past ceasefire violations. For the first time in years, heavily populated towns like Rajouri and Poonch were directly hit,” a senior official said.

Caught unprepared, residents in both towns had little access to protective infrastructure as long-range mortar shells struck deep inside civilian areas.

“People weren’t expecting this—these towns had never been targeted before. Without bunkers, many had nowhere to go for safety,” the official added.

In response, the government now plans to build community bunkers at strategic locations throughout Rajouri and Poonch. These reinforced shelters will offer immediate protection to civilians during any future shelling incidents.

“In areas where individual bunkers aren't viable, community shelters become essential. These will provide residents with quick access to safety in emergencies,” the official noted.

The attacks have left local communities rattled.

“This is the first time shells landed so close to our homes in Poonch town,” said Abdul Rashid, a resident. “We never thought this would happen here.”

The sudden escalation has disrupted the fragile calm along the LoC, raising concerns over a potential return to more violent confrontations in the region.

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