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Pandemic Dairies: Government Might Prolong Moratorium Period
By: Tupaki Desk | 23 July 2020 11:20 AM GMT
The economic crisis created by the ongoing pandemic added more problems to the majority of the employees in India with the workers experiencing a pay cut in the salaries.
Following this, the Reserve Bank of India (RBI) announced a moratorium period of six months for the loans which allows the loan seekers to take a breath for the period as they will be provided an option to postpone the EMI till the 21st of August.
Now some media reports claim that the government is eyeing to prolong the moratorium period with the prevailing situation continues to ring the danger bells in the country.
However, there is no information on how many more months the moratorium will be extended further in India. We will get more information once the official statement is out.
Going by the information provided by some media reports, the loan moratorium will be given mainly to the sectors like hospitality, automobiles, and aviation.
Following this, the Reserve Bank of India (RBI) announced a moratorium period of six months for the loans which allows the loan seekers to take a breath for the period as they will be provided an option to postpone the EMI till the 21st of August.
Now some media reports claim that the government is eyeing to prolong the moratorium period with the prevailing situation continues to ring the danger bells in the country.
However, there is no information on how many more months the moratorium will be extended further in India. We will get more information once the official statement is out.
Going by the information provided by some media reports, the loan moratorium will be given mainly to the sectors like hospitality, automobiles, and aviation.
