Breaking news

Meghalaya Governor Satya Pal Malik’s stand has not softened even after moreAll You Need to Know About Cryptocurrency in India: Trends, Legality and more The Champaran Foundation, in collaboration with InFeed, organised an online more In one of the biggest leaks ever of offshore financial records, the more The Champaran Foundation, in collaboration with InFeed, is inviting entries more The recently concluded German elections on September 26, 2021 have given a more According to latest news reports, China has been on a defense infrastructure more A new line of argument has already come to dominate the public sphere: it’ more The government has gone one step further to detect community spread of the more The government has issued an order to abolish the six allowances, including more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected more SEOUL| South Korea’s unemployment rate was unchanged in April as the more Amid the outbreak of Corona pandemic in the country, Indian government has more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated more Corona infection in the country is taking a macabre form. So far, more than 74 more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh more

Moratorium Facility on Loans to End Today


The loan moratorium facility for the borrowers affected by the Covid-19 pandemic expires on 31 August. Finance Minister Nirmala Sitharaman will hold a meeting with bank chiefs on September 3 to facilitate the loan holders on outstanding payments. In this, the bank-NBFC will be asked to implement the scheme smoothly.

In a statement released on Sunday, the Finance Ministry said that this review meeting is being held to save the businessmen and individual borrowers from the capital crisis. It will discuss the finalization of policies and how to implement them properly in banks, identify eligible borrowers, and implement the scheme faster and overall.

Along with this, the finance minister will also negotiate with the top management of banks and NBFCs on the Kovid-19 risky debt settlement framework and its better implementation. The Reserve Bank had approved restructuring of corporate and retail loans to banks after a meeting of the Monetary Policy Committee earlier this month.

Story Page