Government On Loan Moratorium
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SBI To Get Rs 973 Crore From Centre For Compensation Payment To Borrowers
The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.
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Union Cabinet Takes Decisions To Reform Telecom Sector. Read About Them Here
In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...
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Banking Sector Cannot Bear Any Further Financial Strain,Centre Tells Top Court
The banking sector cannot bear any further financial strain, the centre told the Supreme Court on Thursday, in a key hearing to decide whether borrowers should be charged additional interest for delaying their EMIs due during the COVID-19-related lockdown. The top court was hearing a batch of petitions on whether banks should charge an interest on ...
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Credit Difference Between Compound, Simple Interest To Borrowers' Accounts: RBI To Banks
According to the government's scheme, lenders will credit the amount in the borrowers' accounts on or before November 5, which lenders claim as reimbursement from the Centre by December 15.
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Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
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"Common Man's Diwali...": Top Court Nudge For Loan Relief By November 2
The Supreme Court today rejected the government's plea for a month's time to implement the interest waiver on loans of upto Rs 2 crore, asking when the government has already reached a decision, why should it take so long to implement it.
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Delay Not In Interest Of Common Man: Top Court As Centre Seeks 1 Month To Implement Interest Waiver Plan
The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.
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Top Court Lists Hearing On Centre's Interest Waiver Plan For Wednesday
The Supreme Court had earlier asked the government to consider the concerns of real estate companies and power producers in a fresh plan on interest waiver.
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"Courts Shouldn't Interfere In Fiscal Policy": Centre Tells Supreme Court
The government has informed the Supreme Court that "it's not possible to give more relief to various sectors" amid the novel coronavirus pandemic, stressing that "courts should not interfere in fiscal policy".
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Centre's Interest Waiver Plan Fails To Deal With "Many Issues": Top Court
The Supreme Court today said the centre's affidavit on waiving "interest on interest" on loans up to Rs 2 crore, frozen during a six-month moratorium granted because of the coronavirus crisis, was not satisfactory and asked for a do-over in a week. The affidavit "fails to deal with several issues raised by petitioners", the court said. The central ...
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"Only Solution": Centre To Waive Compound Interest On Loans Up To 2 Crore
In a huge reprieve for borrowers, the government has told the Supreme Court that it is ready to waive interest on the repayment of loans of up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic.
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On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
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Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
-
Government To Submit Loan Moratorium Plan In Top Court Today
The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...
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Last Chance To Decide On Loan Moratorium Plan: Supreme Court To Centre
The Supreme Court today gave the government two more weeks "to come up with something concrete" to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," the judges said a...
-
SBI To Get Rs 973 Crore From Centre For Compensation Payment To Borrowers
The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.
-
Union Cabinet Takes Decisions To Reform Telecom Sector. Read About Them Here
In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...
-
Banking Sector Cannot Bear Any Further Financial Strain,Centre Tells Top Court
The banking sector cannot bear any further financial strain, the centre told the Supreme Court on Thursday, in a key hearing to decide whether borrowers should be charged additional interest for delaying their EMIs due during the COVID-19-related lockdown. The top court was hearing a batch of petitions on whether banks should charge an interest on ...
-
Credit Difference Between Compound, Simple Interest To Borrowers' Accounts: RBI To Banks
According to the government's scheme, lenders will credit the amount in the borrowers' accounts on or before November 5, which lenders claim as reimbursement from the Centre by December 15.
-
Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
-
"Common Man's Diwali...": Top Court Nudge For Loan Relief By November 2
The Supreme Court today rejected the government's plea for a month's time to implement the interest waiver on loans of upto Rs 2 crore, asking when the government has already reached a decision, why should it take so long to implement it.
-
Delay Not In Interest Of Common Man: Top Court As Centre Seeks 1 Month To Implement Interest Waiver Plan
The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.
-
Top Court Lists Hearing On Centre's Interest Waiver Plan For Wednesday
The Supreme Court had earlier asked the government to consider the concerns of real estate companies and power producers in a fresh plan on interest waiver.
-
"Courts Shouldn't Interfere In Fiscal Policy": Centre Tells Supreme Court
The government has informed the Supreme Court that "it's not possible to give more relief to various sectors" amid the novel coronavirus pandemic, stressing that "courts should not interfere in fiscal policy".
-
Centre's Interest Waiver Plan Fails To Deal With "Many Issues": Top Court
The Supreme Court today said the centre's affidavit on waiving "interest on interest" on loans up to Rs 2 crore, frozen during a six-month moratorium granted because of the coronavirus crisis, was not satisfactory and asked for a do-over in a week. The affidavit "fails to deal with several issues raised by petitioners", the court said. The central ...
-
"Only Solution": Centre To Waive Compound Interest On Loans Up To 2 Crore
In a huge reprieve for borrowers, the government has told the Supreme Court that it is ready to waive interest on the repayment of loans of up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic.
-
On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
-
Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
-
Government To Submit Loan Moratorium Plan In Top Court Today
The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...
-
Last Chance To Decide On Loan Moratorium Plan: Supreme Court To Centre
The Supreme Court today gave the government two more weeks "to come up with something concrete" to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," the judges said a...
