Relief on loans up to ₹2 crore addresses borrowers’ distress, RBI tells Supreme Court

Complete waiver of compound interest will destabilise broader financial stability, says central bank The Reserve Bank of India (RBI) has told the Supreme Court that the Centre’s resolve to shoulder the cost of ‘interest on interest’ for MSME loans and personal loans up to ₹2 crore addresses pandemic-induced financial distress …

Read moreRelief on loans up to ₹2 crore addresses borrowers’ distress, RBI tells Supreme Court

Coronavirus India lockdown Day 181 live updates | Karnataka Deputy CM tests positive

With India recording the highest number of COVID-19 recoveries in the world, the government on Tuesday said that for the past four consecutive days the number of daily recovered cases surpassed the new infections reported per day. Addressing a press briefing, Union Health Ministry Secretary Rajesh Bhushan said India has …

Read moreCoronavirus India lockdown Day 181 live updates | Karnataka Deputy CM tests positive

Coronavirus India lockdown Day 181 live updates | Puducherry Government whip tests positive

India reported over 1 lakh coronavirus recoveries in a single-day for the first time, improving the recovery rate to 80.86 per cent, while fresh cases also dropped below 76,000 after two weeks, according to the Health Ministry data updated on Tuesday. India has reported more than 90,000 COVID-19 recoveries for …

Read moreCoronavirus India lockdown Day 181 live updates | Puducherry Government whip tests positive