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Finance Minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman during the last tranche of her Covid-19 relief measures | Photo: PIB

BS Web Team New Delhi
SC seeks finance ministry's reply on waiver of interest during moratorium
The Supreme Court on Thursday sought the Finance Ministry's reply on a waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a forced waiver risking financial viability of the banks. The top court said there are two aspects under consideration in this matter no interest payment on loans during the moratorium period and no interest to be charged on interest. Read More

India, Aus ink landmark defence pact after Modi-Morrison online summit
India and Australia on