Don’t hide behind RBI, clarify your stand on loan moratorium: SC to govt

Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the on Wednesday asked it to clarify its stand within a week on the waiver of interest on loan repayments during the moratorium period.

A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act.

Solicitor General Tushar Mehta said, “My Lordships may not say that. We are working in coordination with the RBI.”

The Bench, also comprising Justices R Subhash Reddy and M R Shah, asked the solicitor general to clarify stand on the Disaster Management Act, and whether additional interest on the existing interest could be accrued.

Mehta argued that there could not be a common solution for all the problems.

Senior Advocate Kapil Sibal, appearing for the petitioner, informed the Bench that the loan moratorium’s deadline would end on August 31, and sought its extension. “I am only saying that till these pleas are decided, the extension should not end,” Sibal said.

The apex court has now posted the matter for hearing on

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Covid-19 crisis: Right time for radical change, says Maruti’s RC Bhargava

The Covid-19 pandemic is creating a greater awareness among people in India that this is the time to make radical changes and take steps for faster growth of the manufacturing sector and the economy, Maruti Suzuki India Chairman R C Bhargava said on Wednesday.

“In the last five-six years, many changes have been made by the government in policies, which are making conditions much more conducive to competitive manufacturing. To the best of my understanding and knowledge, the government is very aware of all other steps which are needed to ensure and bring about competitiveness of the Indian industry,” said Bhargava.

Despite the implications of Covid-19, he said, “As I said, the conditions looked hopeful. I believe the pandemic is creating greater awareness among all the people in the country that this is the time to make radical changes in the way we do our work. This is the time when we should take steps which must lead to much faster growth of the economy. This means much faster growth of manufacturing.” Exuding confidence that it is possible, Bhargava said, “The first thing is that there has to be a national

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Nobel Laureate Refuses To Answer Belarus Investigators

Belarusian Nobel Prize-winning author Svetlana Alexievich said Wednesday she refused to answer investigators’ questions after she was summoned as a witness in a criminal probe into the opposition.

Opponents of President Alexander Lukashenko formed a Coordination Council to oversee a peaceful transition of power after they rejected his claim to have won a sixth term in an August 9 presidential vote.

Lukashenko dispatched the security services to violently crack down on mass protests against his re-election and opened a criminal probe into the council, accusing its members of attempting to topple his government.

Alexievich was named a member of the council’s presidium but has not attended its sessions.

“I am completely calm. I do not feel guilty. Everything we are doing is legal and necessary,” Alexievich told AFP as she arrived at the Investigative Committee’s headquarters in Minsk with other members of the presidium.

She left shortly afterwards, saying she had invoked her right not to testify against herself and that the council’s only goal was “to unite society”.

Belarus opposition figurehead Svetlana Tikhanovskaya is in exile in Lithuania

Alexievich, who won the Nobel Literature Prize in 2015, is an outspoken critic of Lukashenko and has

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