Subba Rayan News Today

Banks have been instructed by the Manipur government to extend retail loan payment moratoriums for up to 12 months as normal life continues to be affected due to ethnic violence that started more than two months ago. A meeting between banks and state authorities on July 1 agreed on further relief measures such as rescheduling of existing loans and the sanctioning of fresh loans to the agriculture and MSME sectors.

The five MPs expressed their apprehension that unless the situation is brought under control in time, an uncontrollable communal flare up cannot be ruled out which will adversely affect the whole Northeastern states.