Supreme Court says problems in economy created by govt’s lockdown imposition

Supreme Court says problems in economy created by govt’s lockdown imposition

Supreme Court on Wednesday said the problem with India’s economy was created due to the government’s decision to impose the strict lockdown.

Hearing the loan moratorium case, Supreme Court on Wednesday asked the Centre to clear its stand over coal dues and the delay in filing an affidavit.

The Supreme Court bench said, “You clear your stand. You say RBI has taken a decision, we have gone through RBI reply but Centre is hiding behind the RBI.”

The Supreme Court bench is hearing a plea challenging the levy of interest on loan repayments during the moratorium.

The RBI has announced an optional 6-month moratorium for customers towards fixed-term loans and EMI payments. The moratorium period ends on August 31.