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Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases

From RBI considering relaxing bad loan rules to DoT's appeal for AGR relief to telcos, Business Standard brings to you the top headlines of the day

An official uses a thermal screening device on an advocate in the wake of deadly of coronavirus pandemic, at Supreme Court. PTI
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An official uses a thermal screening device on an advocate in the wake of deadly of coronavirus pandemic, at Supreme Court. PTI

BS Web team
1. Govt, RBI may relax bad loan rules for sector hit by coronavirus: Report

The government and the Reserve Bank of India (RBI) are considering giving relief to banks, aviation and other hospitality sectors hit by the coronavirus outbreak by relaxing bad loan classification rules, a source familiar with the matter said. The government is discussing increasing timeline by 30-60 days to classify a loan as a bad loan, the source said. Currently, a debt not serviced for 90 days is classified as a bad loan. Read more...

2. 276 Indians, including 255 in Iran, infected with