Monday, 31 August 2020

Loan moratorium extendable to 2 yrs as per Covid impact, Centre tells SC

The government and RBI -- through solicitor general (SG) Tushar Mehta -- informed the Supreme Court that the moratorium on repayment of loans could be extendable for 2 years. "We are in the process of identifying the distressed sectors to vary benefits as per the (Covid-19) impact of hit they have taken," the SG said.

from Times of India https://timesofindia.indiatimes.com/business/india-business/moratorium-on-repayment-of-loans-extendable-for-2-years-supreme-court-told/articleshow/77865664.cms
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