As the six-month extended moratorium on repayment of loan comes to an end on August 31, noted banker and HDFC Ltd Chairman Deepak Parekh has urged RBI Governor Shaktikanta Das not to further extend the moratorium on repayment of loans. During an interactive session with the RBI governor organised by CII, Parekh said many entities who are capable to repay are taking undue advantage of the scheme and this is hurting the financial sector, especially NBFCs.
https://ift.tt/2ZVMCSX WASHINGTON — The House approved a $1.9 trillion pandemic relief bill in a win for President Joe Biden, even as top Democrats tried assuring agitated progressives that they’d revive their derailed drive to boost the minimum wage. The new president’s vision for flushing cash to individuals, businesses, states and cities battered by COVID-19 passed on a near party-line 219-212 vote early Saturday. That ships the massive measure to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues. Democrats said the still-faltering economy and the half-million American lives lost demanded quick, decisive action. GOP lawmakers, they said, were out of step with a public that polling shows largely views the bill favorably. “I am a happy camper tonight,” Rep. Maxine Waters, D-Calif., said Friday. “This is what America needs. Republicans, you ought to be a part of this. But if you’re not,
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