Supreme Court says Centre’s oxygen policy needs a relook

May 7, 2021

The Supreme Court on Thursday said the Centre’s oxygen distribution formula needs a relook as it has grossly underestimated Delhi’s requirement. A bench comprising Justices DY Chandrachud and MR Shah said the Centre’s current formula devised presently on the “oxygen-for-bed” arrangement for Covid patients “needs a relook”. On Wednesday, the SC had asked the Centre to submit a comprehensive plan to ensure Delhi received its quota of around 700 metric…

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RBI Allows Loan Restructuring, Only For These Businesses; Loan Moratorium Rejected This Time

May 7, 2021

RBI has restarted a one time scheme in which retailers and small businesses can restructure their loans without risk of downgrading to non performing category. New Relief Scheme For Worsening Pandemic The move will serve as support for borrowers impacted by the ongoing 2nd wave of the pandemic Shaktikanta Das, Governor, RBI, stated that given the current pandemic situation, new uncertainties have risen which affect the economic recovery that was…

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