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India to waive certain interest levies on loans in Covid-19 relief | Malay Mail

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NEW DELHI/MUMBAI, Oct 3 — The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees (RM1.1 million) under a Covid-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers. While the government...

Saturday, 03 Oct 2020 10:53 PM MYT

NEW DELHI/MUMBAI, Oct 3 — The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees under a Covid-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers. “The government bearing this burden would naturally have an impact on several other pressing commitments being faced by the nation, including meeting direct cost associated with pandemic management, addressing basic needs of the common man,” the filing added.

 

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