While replying to a petition filed in SC challenging the charging of interest rate on loans even during the three-month moratorium period declared amid the COVID-19 pandemic and lockdown, the RBI has said the the forced waiver of interest on loans would not be prudent, nor appropriate for the financial viability of the banks. The article talks about the hardships of banks and how it has been forced to keep the interest alive to protect the depositor’s interest.
Relevance: The concept of ‘Son of the soil’ has for long been present in India. Number of conflicts and developmental issues saw the light of the day because of this concept. In recent past we [Read More]
The article highlights the report “Crisis from Kolkata to Kabul: COVID-19’s Impact on South Asia” by the think-tank, the Hudson Institute. The think tank reports the increasing influence of China in South Asia and how it can be countered. [Read More]
The article quotes the words of CSIR-CCMB director where he has spoken about COVID-19 spread as yet to reach its peak in India. In his statement, he has highlighted the need for massive-scale testing, tracing, [Read More]
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