Latest news with #PreventionofCoerciveActions)Bill
Hindustan Times
30-04-2025
- Politics
- Hindustan Times
Tamil Nadu assembly approves bill to curb coercive loan recovery
The Tamil Nadu assembly on Tuesday passed a bill that proposes stringent punishment against loan sharks to protect economically weaker sections. '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.
The Hindu
29-04-2025
- Politics
- The Hindu
Assembly adopts Bill to clip powers of Chancellor in appointment of T.N. Sports University Vice-Chancellor
The Tamil Nadu Legislative Assembly on Tuesday adopted a Bill that sought to replace the powers of the Governor-Chancellor with that of the government in the appointment and removal of the Vice-Chancellor of the Tamil Nadu Physical Education and Sports University. The House adopted the Bill tabled by Deputy Chief Minister Udhayanidhi Stalin (also holding the youth welfare and sports development portfolio), after the Supreme Court delivered a historic judgment favouring the Tamil Nadu government in its case against the Governor on April 8. '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. It also sought to include Finance Secretary as an ex-officio member of the Syndicate of the Tamil Physical Education and Sports University. The House also adopted a Bill tabled by Minister S.S. Sivasankar that sought to introduce an online auto-generated mechanism to grant permission and licence for installation of lifts and escalators by amending the Tamil Nadu Lifts and Escalators Act, 1997. The House also adopted 17 other Bills in the House on Tuesday. Except for the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Bill, 2025, all others were adopted without any change. When the Bill was taken up for consideration in the House, some legislators sought for some changes. Mr. Udhayanidhi Stalin sought to remove the 'banks' from Section 2 of the Bill, based on a suggestion received from the Reserve Bank of India. As for the changes sought by legislators, he said they would be considered in the coming days. A report of the Comptroller and Auditor General of India (Compliance Audit - Civil) for the year ended March 2023, was tabled in the House on Tuesday. Later, the Speaker M. Appavu adjourned the House sine die.
