The Supreme Court blamed the Center for “hiding behind India’s Reserve Bank” without giving a direct comment on the loan moratorium scheme imposed during the COVID-19 pandemic. The court asked whether postponing loan interest to help borrowers during the financial distress during the national lockout would result in more interest accruing until the moratorium was removed on August 31.
The news highlights the SC’s concern over the spread of coronavirus. Details from the news are important for prelims. Click to read the article