CII said that it has recommended this intervention to assist the stressed segments, primarily in the service sectors like hospitality, tourism aviation and retail
Former Finance Secretary said he "did not share a good and productive working relationship" with Sitharaman, who came to the finance ministry "with some pre-conceived notions about me"
The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium
The five-member Central team led by Joint Secretary for Union Ministry of Home Affairs Praveen Vasishta, will submit its report to the Centre after completing the loss estimations
The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest.
