Moratorium On Loans
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Banks Asked To Defer EMIs In Violence-Hit Manipur For Up To 12 Months
Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.
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Rahul Gandhi Seeks Moratorium On Repayment Of Short-Term Crop Loans
Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term crop loans by farmers to December 31, 2021.
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Citing Vaccine Policy Change, MK Stalin Marks Next Goal For States
Buoyed by the change in Centre's vaccine policy, Tamil Nadu Chief Minister MK Stalin has written to his counterparts in 12 states, seeking their support in demanding moratorium on loans by Small and Medium Enterprises.
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Loan Moratorium: Lenders To Credit Interest On Interest To Borrowers By November 5, Says Centre
The Centre has informed the Supreme Court that lenders have been directed to credit in the accounts of eligible borrowers by November 5 the difference between compound interest and simple interest collected on loans of up to Rs 2 crore during the RBI's loan moratorium scheme.
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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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"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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"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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Eye-Watering Problem: UP Optician's Claim Threatens Banks
When business evaporated at Gajendra Sharma's eyeglass shop a few kilometres from the Taj Mahal in Agra during the strict COVID-19 lockdown, he was relieved to hear about a pandemic debt moratorium that would give him breathing room on his home loan.
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Ola, Uber Drivers Go On Strike In Delhi-NCR, Students Giving JEE (Main) May Face Inconvenience
A section of drivers working with cab aggregators Ola and Uber went on strike today affecting services in some parts of Delhi-NCR as they demanded a fare hike and moratorium on loan repayment.
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Ola, Uber In Delhi To Go On Strike From Tuesday Demanding Fare Hike
Cab aggregators Ola and Uber in Delhi-NCR will be on a strike from Tuesday demanding extension of the moratorium on loan repayment and a hike in fare in view of the COVID-19 pandemic.
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No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams "Suit Boot Ki Sarkar"
Congress leader Rahul Gandhi today attacked the government over interest on deferred loan payments and asked why it gave tax benefits of Rs 1.45 lakh crore to businesses but did not waive interest on loans for the middle class.
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Tata Motors Introduces Special Finance Schemes For Tiago, Altroz, & Nexon
Tata Motors has introduced a special finance scheme, offering customers a six-month moratorium on their EMIs. So, customers who buy a new Tata Tiago, Nexon or Altroz can now make zero down payment, avail a 6-month EMI holiday (only interest needs to be serviced monthly) and avail up to 100 per cent on-road funding on the car for a loan tenure of 5-...
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TVS XL100 Gets 'Buy Now, Pay After 6 Months' EMI Scheme
TVS Motor Company has introduced the new 'buy now, pay after six months' EMI scheme for the XL100 moped. The special EMI scheme is the first-of-its-kind in the two-wheeler industry and offers a moratorium of six months to the TVS XL100 customer before the commencement of the EMI payment. In essence, the customer gets a six-month break before the EM...
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Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
-
Banks Asked To Defer EMIs In Violence-Hit Manipur For Up To 12 Months
Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.
-
Rahul Gandhi Seeks Moratorium On Repayment Of Short-Term Crop Loans
Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term crop loans by farmers to December 31, 2021.
-
Citing Vaccine Policy Change, MK Stalin Marks Next Goal For States
Buoyed by the change in Centre's vaccine policy, Tamil Nadu Chief Minister MK Stalin has written to his counterparts in 12 states, seeking their support in demanding moratorium on loans by Small and Medium Enterprises.
-
Loan Moratorium: Lenders To Credit Interest On Interest To Borrowers By November 5, Says Centre
The Centre has informed the Supreme Court that lenders have been directed to credit in the accounts of eligible borrowers by November 5 the difference between compound interest and simple interest collected on loans of up to Rs 2 crore during the RBI's loan moratorium scheme.
-
"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.
-
"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".
-
"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 ...
-
Eye-Watering Problem: UP Optician's Claim Threatens Banks
When business evaporated at Gajendra Sharma's eyeglass shop a few kilometres from the Taj Mahal in Agra during the strict COVID-19 lockdown, he was relieved to hear about a pandemic debt moratorium that would give him breathing room on his home loan.
-
Ola, Uber Drivers Go On Strike In Delhi-NCR, Students Giving JEE (Main) May Face Inconvenience
A section of drivers working with cab aggregators Ola and Uber went on strike today affecting services in some parts of Delhi-NCR as they demanded a fare hike and moratorium on loan repayment.
-
Ola, Uber In Delhi To Go On Strike From Tuesday Demanding Fare Hike
Cab aggregators Ola and Uber in Delhi-NCR will be on a strike from Tuesday demanding extension of the moratorium on loan repayment and a hike in fare in view of the COVID-19 pandemic.
-
No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams "Suit Boot Ki Sarkar"
Congress leader Rahul Gandhi today attacked the government over interest on deferred loan payments and asked why it gave tax benefits of Rs 1.45 lakh crore to businesses but did not waive interest on loans for the middle class.
-
Tata Motors Introduces Special Finance Schemes For Tiago, Altroz, & Nexon
Tata Motors has introduced a special finance scheme, offering customers a six-month moratorium on their EMIs. So, customers who buy a new Tata Tiago, Nexon or Altroz can now make zero down payment, avail a 6-month EMI holiday (only interest needs to be serviced monthly) and avail up to 100 per cent on-road funding on the car for a loan tenure of 5-...
-
TVS XL100 Gets 'Buy Now, Pay After 6 Months' EMI Scheme
TVS Motor Company has introduced the new 'buy now, pay after six months' EMI scheme for the XL100 moped. The special EMI scheme is the first-of-its-kind in the two-wheeler industry and offers a moratorium of six months to the TVS XL100 customer before the commencement of the EMI payment. In essence, the customer gets a six-month break before the EM...
-
Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
