#LoanMoratorium

7 April.Mumbai, Maharashtra, India
RBI Governor Shaktikanta Das said on Wednesday that interest rates will remain unchanged. (Photo Credit: Twitter/@RBI)

  • RBI Governor Shaktikanta Das said there is no need for a loan repayments moratorium at present
  • He added businesses are better prepared today to deal with the situation
  • Das reminded that the RBI has taken innovative measures since the pandemic started to help ecomomy

23 March.New Delhi, Delhi, India
The bench, lead by Justice Ashok Bhushan, said it could not interfere with the Centre's financial policies unless they were malafide and arbitrary. (Photo credit: Representational image/Unsplash)

  • The Supreme Court on Tuesday ruled that all interest would not be waived off within the period of moratorium
  • It further noted, however, that compound interest would be waived off for all borrowers
  • The apex court refused to further extend the period of moratorium, which now would stand as August, 2020

23 March.New Delhi, Delhi, India
A bench headed by Justice Ashok Bhushan its verdict on a batch of pleas filed by various trade associations. (Photo credit: ANI/Twitter)

  • Supreme Court said it cannot do judicial review of Centre’s financial policy decision unless it is malafide
  • SC said it cannot interfere with the government’s decision to fix priorities for relief during the pandemic
  • SC added that no compound interest shall be charged from borrowers for the six-month loan moratorium period