SC gives Centre two weeks for final proposal on loan moratorium interest

No more adjournments, says bench; next hearing Sept 28

The Union government on Thursday set up a three-member expert committee, led by former Comptroller and Auditor General (CAG) Rajiv Mehrishi, to gauge the impact of waiving interest on loans for borrowers during the six-month moratorium period, which was in place to deal with the Covid-19 pandemic.

The move is a follow-up to “various concerns” that have cropped up during the ongoing hearing in the Supreme Court, which on Thursday passed an order giving the Centre and the Reserve Bank of India two weeks to submit a final proposal on the loan moratorium issue. The apex court decided to extend