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Source : (remove) : Business Line
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Thu, December 19, 2024

[ Thu, Dec 19th 2024 ]: Business Line
Category: Business and Finance

New Bill proposes jail, stiff fine for unregulated lending

[ Thu, Dec 19th 2024 ]: Business Line
Category: Business and Finance

Veefin Group raises ?136 cr for product developme .. acquisitions; aims a further ?155 cr by Jan 2025

[ Thu, Dec 19th 2024 ]: Business Line
Category: Science and Technology

Veranda XL partners with SRM institute for CA coaching
Wed, December 18, 2024

[ Wed, Dec 18th 2024 ]: Business Line
Category: Business and Finance

Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing
Tue, December 17, 2024

[ Tue, Dec 17th 2024 ]: Business Line
Category: Science and Technology

India's GCC base grew around 16 per cent in 2024, hired 20 per cent more people

[ Tue, Dec 17th 2024 ]: Business Line
Category: Science and Technology

Share Market Highlights: Sensex drops over 1,000 points; Nifty sinks below 24,350 on global cues

[ Tue, Dec 17th 2024 ]: Business Line
Category: Business and Finance

Zomato's global finance head Hemal Jain quits
Mon, December 16, 2024

[ Mon, Dec 16th 2024 ]: Business Line
Category: Business and Finance

Share Market Highlights: Sensex dips 384 points, Nifty settles below 24,700; India VIX up 7%
Sun, December 15, 2024

[ Sun, Dec 15th 2024 ]: Business Line
Category: Business and Finance

Public sector banks record net profit of ?85,520 crore in first half FY2024-25

[ Sun, Dec 15th 2024 ]: Business Line
Category: Science and Technology

Subabul seeds and insulin resistance management

[ Sun, Dec 15th 2024 ]: Business Line
Category: Science and Technology

Shapeshifting, misfit materials that power up tech advancement
Sat, December 14, 2024

[ Sat, Dec 14th 2024 ]: Business Line
Category: Science and Technology

IIT climate assessment report flags flood, drought risk in 11 Bihar, Kerala, Odisha districts
Fri, December 13, 2024

[ Fri, Dec 13th 2024 ]: Business Line
Category: Stocks and Investing

How ULIPs are different from MFs

[ Fri, Dec 13th 2024 ]: Business Line
Category: Business and Finance

Rekha Jhunjhunwala and RARE Enterprises-backed Inventurus Knowledge Solutions IPO enters Day 2

[ Fri, Dec 13th 2024 ]: Business Line
Category: Sports and Competition

CCI Cracks Down on Table Tennis Federation for Anti-Competitive Conduct
Thu, December 12, 2024

[ Thu, Dec 12th 2024 ]: Business Line
Category: Business and Finance

Zoho Finance and Operations suite sees 50% revenue growth in India

[ Thu, Dec 12th 2024 ]: Business Line
Category: Business and Finance

Mahindra Susten's Martial Solen secures ?1,448 crore loan
Wed, December 11, 2024

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

Trial in 28% PMLA cases pending in courts

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

ED's conviction rate is less than 5% in money laundering cases

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

UGRO Capital receives patent for its proprietary credit scoring model

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

Veranda Learning to raise ?250 crore via preferential issue for strategic acquisitions

[ Wed, Dec 11th 2024 ]: Business Line
Category: Stocks and Investing

bl interview. AI can help India leapfrog and clos .. with large economies, says Blackrock's Ben Powell

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

Avanti Finance secures ?120 crore funding to expand loan book

[ Wed, Dec 11th 2024 ]: Business Line
Category: Business and Finance

Nisus Finance Services IPO listing today on BSE-SME: Price band of ?170-180
Tue, December 10, 2024

[ Tue, Dec 10th 2024 ]: Business Line
Category: Business and Finance

Nisus Finance Services listing today on BSE-SME

[ Tue, Dec 10th 2024 ]: Business Line
Category: Business and Finance

RBI New Governor Live News: Sanjay Malhotra to be new RBI Governor, will replace Shaktikanta Das
Mon, December 9, 2024

[ Mon, Dec 09th 2024 ]: Business Line
Category: Politics and Government

SM Krishna: A rare politician who excelled in state and national leadership roles
Sun, December 8, 2024

[ Sun, Dec 08th 2024 ]: Business Line
Category: Business and Finance

IRDAI, DFS support proposal for lowering GST on h .. zens, micro-insurance and term insurance policies

[ Sun, Dec 08th 2024 ]: Business Line
Category: Sports and Competition

SkaSports and Angkor Tiger join hands to build a football stadium in Cambodia

[ Sun, Dec 08th 2024 ]: Business Line
Category: Business and Finance

IRDAI, DFS support proposal for lowering GST on h .. micro-insurance policies, term insurance policies

[ Sun, Dec 08th 2024 ]: Business Line
Category: Business and Finance

Parliamentary panel advocates automated compensation process for banking fraud victims
Sat, December 7, 2024

[ Sat, Dec 07th 2024 ]: Business Line
Category: Business and Finance

Goldman decides to leave world's top climate alliance for banks

[ Sat, Dec 07th 2024 ]: Business Line
Category: Business and Finance

Two veterans start a health insurance firm: Should you take their cover?
Fri, December 6, 2024

[ Fri, Dec 06th 2024 ]: Business Line
Category: Business and Finance

RBI proposes credit line access on UPI for Small Finance Banks

[ Fri, Dec 06th 2024 ]: Business Line
Category: Business and Finance

Share Market Highlights: Sensex, Nifty dip; RBI's CRR cut eases liquidity worries

[ Fri, Dec 06th 2024 ]: Business Line
Category: Business and Finance

Fusion Finance plans ?800 crore rights issue to boost capital
Thu, December 5, 2024

[ Thu, Dec 05th 2024 ]: Business Line
Category: Science and Technology

ISRO's PSLV-C59 successfully launches ESA's PROBA-3 satellites in formation flying milestone

New Bill proposes jail, stiff fine for unregulated lending

Proposed BULA Bill aims to ban unregulated lending activities, with penalties including jail terms and fines up to ₹1 crore.
The Indian government has introduced a new bill aimed at regulating digital lending practices by proposing amendments to the Chit Funds Act, 1982, and the Banning of Unregulated Deposit Schemes Act, 2019. This legislative move seeks to classify unregulated lending as a cognizable and non-bailable offence, thereby enhancing the legal framework to curb fraudulent digital lending activities. The bill addresses the growing concerns over the exploitation of borrowers by unregulated digital lending apps, which often charge exorbitant interest rates and use coercive recovery methods. By making these offences cognizable, law enforcement agencies will have the authority to arrest without a warrant, and the non-bailable aspect means that bail will not be a matter of right, aiming to deter potential offenders and protect consumers from predatory lending practices.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/economy/govt-proposes-fresh-bill-to-treat-unregulated-lending-as-cognizable-and-non-bailable-offence/article69004733.ece ]


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