Senior leaders of the Bharat Rashtra Samithi (BRS) and former ministers T. Harish Rao and S. Niranjan Reddy have condemned the arrest of farmers at Talamadugu in Adilabad district for staging a protest against not receiving the benefit under the Crop Loan Waiver 2024 and criticised the Telangana government for its undemocratic attitude. In separate … Read more
Chhattisgarh Chief Minister Bhupesh Baghel during a public meeting ahead of the State Assembly elections, in Jagdalpur. File | Photo Credit: PTI In a major announcement ahead of the next month’s assembly polls, Chief Minister of Chhattisgarh Bhupesh Baghel on October 23 said if his party Congress retains power in the state, loans of farmers … Read more
The State government is mulling over introducing the interest waiver scheme on water dues (for domestic consumers) as it has asked the Mysuru City Corporation to submit a proposal in this regard. The direction came at a meeting chaired by Minister for Urban Development B.S. Suresh (Byrathi) in Bengaluru on Thursday, August 31, in which … Read more
Hearing a plea on interest waiver by Centre, Supreme Court said that this year, Diwali for the common man is in the hands of the government. The Supreme Court rejected the government’s plea directing it to issue circulars on the waiver of interest on loans by November 2. (Photo: PTI) The Supreme Court today refused … Read more
The government’s proposed compound interest waiver is likely to help the individuals who opted for the moratorium, but a bigger concern arises out of the accumulated simple interest during the period. The Centre recently submitted a proposal to waive ‘interest on interest’ charges or compound interest on all retail and MSME loans up to Rs … Read more
The government recently submitted a proposal where it agreed to waive the compounded interest or ‘interest on interest’ charges for MSME and personal loans during the moratorium period. As per the Centre’s draft proposal, compound interest on fixed-term loans and equated monthly instalments (EMIs) will be waived — to the tune of Rs 2 crore … Read more