Reuters news agency has reported that the Andhra Pradesh State Assembly has approved legislation to regulate the microfinance sector. The Assembly ratified an earlier ordinance curbing operations by MFI lenders. The ordinance took effect in October in response to news reports on suicides among borrowers. http://in.reuters.com/article/idINIndia-53571720101215
The Lokpal and Lokayuktas Bill, 2011 was passed by Lok Sabha yesterday. The Bill will be discussed next by Rajya Sabha. Unlike the Lok Sabha, where the UPA government holds a majority in the House, the composition is different in Rajya Sabha. As on 28th December 2011, the total strength of Rajya Sabha is 243 members . The UPA has a combined strength of 95 members in the House, well below the 50% mark. (Of course, there will be some absent members which will change the arithmetic a bit.) The passage of the Bill thus depends on the stand taken by other political parties and their numbers in the House. Here's how the figures stack up:
| Party | Numbers |
| Indian National Congress (INC) | 71 |
| Dravida Munnetra Kazhagam (DMK) | 7 |
| Nationalist Congress Party (NCP) | 7 |
| All India Trinamool Congress (AITC) | 6 |
| Jammu and Kashmir National Conference | 2 |
| Sikkim Democratic Front (SDF) | 1 |
| Rashtriya Lok Dal (RLD) | 1 |
| Total UPA | 95 |
| Bharatiya Janata Party (BJP) | 51 |
| Janata Dal (United) | 8 |
| Shiv Sena (SS) | 4 |
| Shiromani Akali Dal (SAD) | 3 |
| Total NDA | 66 |
| Communist Party of India (Marxist) | 13 |
| Communist Party of India (CPI) | 5 |
| All India Forward Bloc (AIFB) | 1 |
| Total Left | 19 |
| Bahujan Samaj Party (BSP ) | 18 |
| Biju Janata Dal (BJD ) | 6 |
| All India Anna Dravida Munnetra Kazagham (AIADMK ) | 5 |
| Samajwadi Party (SP ) | 5 |
| Rashtriya Janata Dal (RJD ) | 4 |
| Asom Gana Parishad (AGP ) | 2 |
| Bodoland People's Front (BPF ) | 1 |
| Indian National Lok Dal (INLD ) | 1 |
| Lok Janasakti Party (LJP ) | 1 |
| Mizo National Front (MNF ) | 1 |
| Nagaland People's Front (NPF ) | 1 |
| Telugu Desam Party (TDP ) | 4 |
| Nominated | 8 |
| Independent and others | 6 |
| Total | 243 |
