CCI's interest payment on loan frozen

The government on Thursday approved freezing and deferring of payment of interest by Cement Corporation of India on Rs 128.62-crore loan sanctioned to the company. "Union Cabinet approved freezing of interest on non-plan loan of Rs 128.62 crore sanctioned to Cement Corporation of India at the level it was on March 31, 2011 (Rs 123.85 crore)," an official statement said.