The committee will assess the impact on the national economy and financial stability of interest relief on interest and interest during the concession period granted on loan installment during the KOVID-19 period.
new Delhi. The three members headed by former CAG Rajeev Maharshi to conduct a holistic assessment on other issues, including relief from interest to borrowers, relief from interest on interest, in the exemption period granted on repayment of bank loan installments during the lockdown on Thursday Has constituted the Expert Committee. Giving this information in the release issued by the Finance Ministry, it has been said that the committee will submit its report in a week. The State Bank will provide secretarial facilities to the committee.
The committee will also be able to discuss this with banks and other stakeholders . Two other members in the committee constituted under the chairmanship of former Comptroller and Auditor General of India, Rajiv Maharishi, former professor of IIM Ahmedabad and former member of the Reserve Bank’s Monetary Policy Committee, Dr. Ravindra Dholakia, former Managing Director of State Bank of India and IDBI Bank, B.R. Sriram is included. The committee will assess the impact on the national economy and financial stability of interest relief on interest and interest during the concession period granted on loan installment during the KOVID-19 period.
The committee will also suggest measures and measures to mitigate the financial crisis facing various sections of the society. In the current situation, any other suggestions or ideas committee can submit. The release said that a number of concerns were raised in the ongoing hearing in the Supreme Court regarding the interest of the lockdown period. This case has been filed by Gajendra Sharma against the Government of India and others.
The petition urges relief in interest, interest on interest and other related issues during the grace period. The government release said that in view of this, the government has constituted an expert committee to conduct an overall assessment on the whole matter so that a better decision can be taken in this regard.