CDCs new moratorium on eviction opposed by Real estate groups

With covid-19 making the country’s economy fragile, citizens are struggling to get through regular finances. Under such circumstances, payment of rent comes as a big blow on the tenants in the US. Considering the greater interest and preventing families to be on street, President Biden has ...

INDIAN GOVERNMENT TO WAIVE INTEREST ON INTEREST ON LOANS UP TO RS 2 BILLION

HIGHLIGHTS

• Indian government has plans to waive interest on interest on the financial loans up to Rs 2 billion during moratorium.
• People having cleared their loan dues during the moratorium between MAR 2020 and AUG 2020 will also get the benefit of th...

DELHI: Ola, Uber DRIVERS RAISE VARIOUS DEMANDS, THREATEN TO GO ON STRIKE FROM SEPTEMBER 1

Highlights

• According to Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi, nearly 2 lakh drivers will participate in the strike

• The Central Government’s moratorium on EMI payment will end on August 31

• Delhi Metro tra...

HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged ...

ANOTHER EXTENSION OF LOAN MORATORIUM ON THE CARDS?: CENTRE TO TAKE DECISION SOON

Highlights

• The loan moratorium was previously extended by the RBI on May 22 till the end of August

• The S&P expects gross NPAs of Indian banks to grow from 8.5 percent in FY20 to 14 percent in FY21

• RBI governor Shaktikanta Das also warned bank...

SC TO CENTRE: ‘IF YOU ANNOUNCED LOAN MORATORIUM, YOU MUST ENSURE THE BENEFITS'

Highlights

• The Supreme Court clearly said that majority of borrowers have not availed the moratorium as they are aware of the fact that it won’t benefit them

• The Supreme Court directed the Centre and the RBI to review this issue as it won’t be left be...

SC TO RBI, CENTRE: DECIDE ON WAIVER OF INTEREST IN 3 DAYS

Highlights

• The Supreme Court directed the Centre to come up with a response on the waiver of interest

• The three-member bench led by Justice Sanjay Kishan Kaul said the only concern for the court is whether the banks are planning to charge interest on interest or ...

SC TO RBI: ‘ECONOMICS IS NOT HIGHER THAN PEOPLE’S HEALTH'

Highlights

• Reserve Bank of India has extended the loan moratorium till August 31

• In its affidavit, the RBI said the interest waiver will bring in losses worth Rs 2 lakh crores for the banks

• The next date of hearing in this issue is June 12

RESERVE BANK OF INDIA EXTENDS LOAN MORATORIUM TILL AUGUST 31

Highlights

• The repo rate has been slashed by 40 basis points (bps) to 4 percent

• The decision to reduce repo rate and reverse repo rate was taken after five members of the Monetary Policy Committee (MPC) voted in its favour said Governor Shaktikanta Das

...

SEATTLE CITY COUNCIL APPROVED BILL TO SAFE GUARD TENANTS FOR 6 MORE MONTHS

Highlights:

• Moratoriums already in place until June 4, 2020, to safeguard renters
• The new bill will safeguard the renters for an additional six months post-June 4 2020

According to the census data, the Seattle area has around the 360,000 rental resid...

Yes BANK’S MORATORIUM TO BE LIFTED ON WEDNESDAY BY EVENING 6.00

Highlights:

• Yes Bank notified
• By Wednesday moratorium ends at 6.00 pm
• New board of directors to be formed
• Former CFO and MD of MD of SBI to be the CEO of the board

Post the Finance minister’s information about the notifica...

Yes BANK MORATORIUM TO BE LOFTED SOON: ICICI, HDFC, AXIS & SBI TO INVEST

Highlights: 

• Cabinet approves RBI suggested reconstruction scheme for Yes Bank
• Moratorium might be lifted soon

Yes bank customers cam heave a sigh of relief as the moratorium on Yes bank is expected to be lifted very soon. The &...

RBI IMPOSES 30 DAY MORATORIUM ON YES BANK: WITHDRAWAL CAPPED AT 50K

Highlights: 

• Yes bank has been declining due to bad loans, steadily 
• RBI ultimately takes over Yes bank 
• Yes Bank on a month-long restriction 
• Restructuring and resurgence of the bank being planned 
...

NZ Should Emulate South Australia's GE Moratorium

New Zealand ought to secure our worldwide fare notoriety by following the case of South Australia's ban on arrival of hereditarily built (GE) creatures. In November 2019 the Australia Senate passed a Bill that permits some GE items into the natural pecking order without testing or naming. Thi...