Friday, January 22News That Matters

Tag: Kamath

Kamath file implementation | What steps were taken on Kamath file: SC asks Govt

Business
The Supreme Court on Monday requested the Centre and the Reserve Bank of India about the steps taken to implement the KV Kamath Committee file on solutions to bail out sectors plagued by the Covid-19 stress.A Bench, led by Justice Ashok Bhushan, properly-known that an further affidavit filed by the government final week didn't contend with "several factors" raised within the writ petitions highlighting the hassle of debtors, tiny and tall, who are being charged compound passion for the six-month mortgage moratorium that ended on August 31.The affidavit had informed the court docket about the government's resolution to "hand-preserve" tiny and weak debtors and waive the passion on passion accrued against their loans all the blueprint in which by the moratorium duration. However the waiver...