State Debt
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Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
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State debt may cross Rs 1.10 lakh crore
The state's total debt is expected to cross Rs.1.10 lakh crore as the government has sought the Centre's permission to raise a fresh loan of Rs.10,827 crore from the open market, according to the Mid-Year Review report on State Finances tabled in the Assembly.
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Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
-
State debt may cross Rs 1.10 lakh crore
The state's total debt is expected to cross Rs.1.10 lakh crore as the government has sought the Centre's permission to raise a fresh loan of Rs.10,827 crore from the open market, according to the Mid-Year Review report on State Finances tabled in the Assembly.
