Supreme Court asks Centre to clarify stand on interest waiver during moratorium

The Supreme Court on Wednesday took note of the Centre's alleged inaction and asked it to clarify its stand within a week on the waiver of interest on interest for deferred payments of installments for loans during the moratorium period announced due to the coronavirus lockdown. A bench headed by Justice Ashok Bhushan said the Centre had not made its stand clear on the issue despite the fact that ample powers were available with it under the Disaster Management Act and was "hiding behind the RBI".

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