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26.05.2020 / 12:07

SC notice to govt, RBI in plea seeking interest waiver during moratorium

NEW DELHI: The Supreme Court on Tuesday issued notice to the Reserve Bank of India and the Centre on a plea seeking interest waiver on the moratorium on term loans given by banks amid the nationwide lockdown due to the covid-19 outbreak.

city New Delhi India county Centre covid-19 outbreak

SC agrees to hear plea seeking interest waiver during moratorium period by RBI

The petition says no interest should be charged at all during the three-month moratorium as in the present circumstance the citizens are already facing 'extreme hardship' and also the entire market has crashed

Kishan Kaul city New Delhi city Sanjay covid-19

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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