In 2018 rerun, Bhupesh Baghel promises farm loan waiver if Congress wins Chhattisgarh Assembly polls

In 2018 rerun, Bhupesh Baghel promises farm loan waiver if Congress wins Chhattisgarh Assembly polls

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

Water dues: Govt. asks MCC to submit proposal on interest waiver

Water dues: Govt. asks MCC to submit proposal on interest waiver

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

Supreme Court on interest waiver: Diwali for common man in hands of government this year

SC PTI

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

Loan moratorium: Will govt’s proposed waiver provide sufficient relief to borrowers?

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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

Loan moratorium: How govt’s waiver proposal impacts you

EMI

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