Interest on interest: IBA sends representation to Finmin
× The Indian Banks’ Association (IBA) has sent a representation to the Finance Ministry to enhance the scope of its previous ex-gratia scheme to cover the refund/adjust the ‘interest-on-interest’ charged to the borrowers during the Covid-19 related moratorium period March 1, 2020 to August 31, 2020.
As per the Supreme Court’s judgment (in the matter of Small Scale Industrial Manufacturers Association vs Union of India & Others and other connected matters) on March 23, 2021, all borrowers (including those having loan exposure of above ₹2 crore) will be eligible for waiver of interest on interest in respect of the pandemic-related loan moratorium.
O femeie de 56 de ani din judetul Calarasi a fost la un pas sa fie arestata la cererea procurorilor germani dupa ce a luat un credit pentru care a platit doar prima rata.
Amid hardship, startups stand up to be counted
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Support employees and their families, help with finances; some paying deceased staff’s salary to kin for up to 2 years
ETtech
Illustration: Rahul Awasthi
Mumbai: Some of the country’s top technology startups are rolling out a slew of initiatives to help employees as well as their families cope with medical emergencies, financial upheaval due to untimely deaths and for vaccination against Covid-19, amid the second wave of the pandemic.
While Paytm founder Vijay Shekhar Sharma has said the online payments company will continue to pay salaries to the families of deceased employees throughout the current financial year, food delivery platform Zomato said it would provide 100% of the deceased employee’s income for two years to the family.
On the Money. Budding stock market investor Jarryd Neves, of BizNews, sends out an invitation to everyone who wants to ask questions about share investing – but is too embarrassed to ask. Write to [email protected] And tune in for his regular Monday column: On the Money
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