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

Apropos Madhukar’s post on available information on the functioning of state legislatures, data on the number of days State Assemblies shows a mixed trend over the 2000 to 2010 period. However, most states uniformly under perform when it comes to number of days of sitting. (Spreadsheet with relevant data here) As with Parliament, state assemblies are convened at the will of the executive. In comparison to the Lok Sabha, the state assemblies perform miserably. In any given year, most state assemblies do not sit for even half the number of the days clocked by the Lok Sabha.