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DEFAULT PERIOD WAIVER
Paying thousands extra has become the only way forward for many US visa applicantsPremium processing has become a necessity for many US immigration applicants due to escalating delays in standard visa and employment autho...- Airport operators urge MoCA for urgent relief amid 25% cut charges to compensate revenue lossAirport operators are requesting urgent government support. A 25 percent cut in landing and parking fees for domestic flights has impacted ...
- RBI allows banks to extend relief measures to borrowers without their requests in disaster-hit areasNew Reserve Bank of India guidelines empower banks to offer relief to all borrowers in calamity-hit regions. These measures, effective July...
- Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDsIn light of recent geopolitical unrest, the Shapoorji Pallonji Group is reaching out to bondholders for consent to adjust a crucial loan-to...
- Amnesty scheme in works for PF defaultersThe EPFO is preparing an amnesty scheme for companies evading or defaulting on employee contributions. The scheme, potentially launching al...
- CBDT sets monetary limit to waive interestThe Central Board of Direct Taxes (CBDT) has introduced monetary limits for waiving or reducing interest on tax payments. This move aims to...
- Russia on brink of default as US payment licence expiresWestern sanctions imposed after the Kremlin's Feb. 24 invasion of Ukraine, and countermeasures from Moscow, have complicated the movement o...
- Kolkata Municipal Corporation collects about Rs 500 crore from interest waiver scheme on property taxSince the last date to avail the offer was February 28, city's property owners' have been making a beeline in front of KMC's treasury count...
- 90% borrowers didn’t defer EMI: SBI to Supreme CourtThe bench said it was not asking for waiver of interest during the moratorium period, but asking the finance ministry, the Reserve Bank of ...
- Moratorium: Banks oppose waiver of loan interestThe RBI had announced the moratorium, which ends August 31, to protect borrowers hit by the Covid-19 crisis. The lenders opposed any intere...
- Realtors’ path to UP’s ‘zero-period’ interest waivers just got tougherThe Greater Noida Industrial Development Agency (GNIDA), under whose jurisdiction are the housing projects in Noida Extension where land ac...
- Noida standing committee to assess projects applying for zero-period waiverOn Tuesday, UP government had approved the zero-period policy under which builders will be excused from paying interest on outstanding land...
- Maharashtra extends farm loan waiver cut-off; may benefit 10 lakh more farmersThe BJP-led state government had earlier said 89 lakh farmers would be benefited by the scheme that would cost Maharashtra Rs 34,022 crore.
- Hold Bank of Baroda target Rs 192: SharekhanHold Bank of Baroda at a price target of Rs 192.
- RCom drops 4% as Fitch, Moody's slash rating againThe ratings were cut for the second time in the span of a week, even as the telecom firm received a seven-month respite from bankers on rep...
- Why debt waivers are likely to hurt Indian farmers in the long runIn a recent research paper I have co-authored with Sankar De, we investigated the impact of the debt waiver programme of 2008 on future acc...
- Delhi government's power subsidies challenged in HCWithin 24 hours of the Delhi govt's announcement of 50% waiver on electricity bills, the decision has been challenged in the high court.
- Service tax defaulters: Finance Ministry to publicise amnesty schemeFinMin decided to publicise its first-of-its-kind amnesty scheme more on various visual & print media platforms to encourage others.
- Farm loan waiver: PM Manmohan Singh promises stringent action against defaultersPM's assurance came in the Rajya Sabha as BJP created uproar over the alleged "siphoning off" of farmers' money and a "scam" in the scheme.
- House panel suggests interest free loans to farmersFarmers who have cleared their debts within the period covered by the Rs 60,000-crore loan waiver scheme should be provided interest-free l...
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