Udupi: Micro finance company booked under new ordinance
Udupi: The Udupi Town Police have booked a microfinance company based in Surathkal for harassing a man and his daughter over unpaid loans, following the state government's newly introduced ordinance.
In a complaint, as cited by Deccan Herald on Monday, Shamshad (53) from Bailuru Korangrapadi village and his daughter Shahnaz had borrowed Rs 30,000 each from the microfinance company. They had been making regular loan payments through Google Pay, but due to recent financial hardships, they were unable to pay on time, leading to overdue installments.
Representatives from the finance company visited their home multiple times, pressuring them to repay the loan along with high-interest charges. Despite requesting more time to settle the dues, the company refused to grant an extension.
The situation escalated on February 25 when a staff member of the finance company illegally entered their home, verbally abused both Shamshad and Shahnaz with offensive language, and made life-threatening threats, added the report.
A case has been registered at the Udupi Town Police Station under sections 8 and 12 of The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, as well as sections 329(4), 351(2), and 352 of the BNS.
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TN CM Vijay calls fuel price hike ‘unacceptable’, seeks rollback
Chennai (PTI): Tamil Nadu Chief Minister C Joseph Vijay on Friday slammed the increase of Rs 3 per litre in petrol and diesel prices, calling it "unacceptable", and demanded its immediate rollback, claiming the revision would affect various sections of society.
He said oil marketing companies do not reduce prices in line with global crude price trends and "take the profits".
"Union government oil marketing companies have increased the price of petrol and diesel by Rs 3 per litre. This is not acceptable," Vijay said in a statement.
The hike has been effected after the "five-state polls" (four states and one union territory), he added.
This price rise will largely affect the income of the poor and middle class using two-wheelers and small vehicles, as well as others dependent on vehicles for their livelihood, the CM said.
It will ultimately result in an increase in the prices of daily commodities and also "affect the purchasing power of the poor," he added.
Citing the chain effect of the price revision, such as increased input costs for small units, he said it could lead to a "slowdown" in the market and exports.
"Therefore, I urge the union government to immediately roll back the price hike that will affect the poor and middle-class people and SMEs," Vijay added.
Global crude oil prices have surged more than 50 per cent since US-Israeli strikes on Iran on February 28 and Tehran’s subsequent retaliation, which disrupted energy flows through the Strait of Hormuz, a key artery for global oil shipments.
Petrol and diesel prices are now at their highest level since May 2022.
