Last week, Canara Bank in an RTI disclosure said it has written off loans worth Rs 1.29 lakh crore in last 11 yrs. Opposition leaders then slammed govt over 'loot' of public money.
The pleas pertained to charging of interest on interest by banks on EMIs unpaid by borrowers after availing the loan moratorium scheme of RBI during 1 March to 31 August.
After its affidavit to SC, govt orders issues waiver norms including cashback by 5 November. All standard accounts up to 29 February eligible for benefits.
The SC has asked the government to fix a definite date for implementation of its decision to waive compound interest on loans up to Rs 2 crore for the six-month moratorium period.
Finance ministry says relief to all borrowers will be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.
Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.
The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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