File reply on curiosity waiver, Centre instructed


New Delhi: The SC on Monday asked the Centre and RBI to file an additional affidavit bringing on record relevant policy decisions consequent to decision to waive “interest on interest” charged on loans of up to Rs 2 crore for “most vulnerable” borrowers during the six-month moratorium due to Covid. It gave a week to all stakeholders to respond to Centre’s affidavit that sought to waive “interest on interest” on loans of up to Rs2 crore. — TNS



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