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
Between 2002-06 the average number of sitting per year (May - April) was around 19 but since 2006 the average has dipped to around 11 sittings per year. The average number of committee sittings is around 15 per year from 2002-10. The committee met 22 times in 2002-03 while it only met 5 times in 2007-08. The average duration per sitting has been more or less equal since 2002. The committee has been spending 1 hour 20 minutes on an average on each sitting. 
* Data rounded off to nearest hour * Data calculated from May to April every year. * Data taken from the Public Accounts Committee Website & PRS.
