In a relief to borrowers at the start of the holiday season, the government announced Friday night an interest waiver on loans up to ₹2 million rupees regardless of whether or not the moratorium was applied. On October 14, the Supreme Court ordered the Center to implement “as soon as …
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On Wednesday, the Supreme Court asked the central government to implement the interest exemption scheme as soon as possible while listening to a series of petitions seeking an interest exemption during the loan moratorium. On October 3, the central government said that ‘interest on interest’ on loans of up to …
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The Finance Ministry said Thursday that it has established a committee of experts to assess the impact of the “waiver of interest and waiver of interest on interest” of the COVID-19 moratorium on the economy and suggest measures to provide relief to borrowers. The committee comprised of former chairman of …
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