"Can't Add More Relief": Centre To Top Court On Loan Moratorium Interest | Read

PUBLISHED ON: October 10, 2020 | Duration: 2 min, 14 sec

  
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The government on Friday informed the Supreme Court that "it's not possible to give more relief to different sectors" amid the novel coronavirus pandemic, stressing that the "courts should not interfere in fiscal policy". The centre's response came days after the top court said the government's last week's affidavit on waiving "interest on interest" on 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 - was "not satisfactory".
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