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

Around 1400 reports have been tabled by the PAC since the first Lok Sabha till end of 14th Lok Sabha.

In terms of absolute numbers, the largest number of reports were tabled during the 5th Lok Sabha (1971-77).  However, in terms of the average number of reports presented in the duration of a single Lok Sabha, the 6th Lok Sabha is the highest. The fewest number of PAC reports were tabled during the 1st Lok Sabha (25 reports over all and 5 reports on an average per year).