The recent resuscitation move by the Reserve Bank of India may not be enough to help small businesses stay afloat. A petition filed in the Supreme Court wants a fresh moratorium on interest on bank loans.
A division bench constituted to take up matters related to Covid-19 has for the last two months been industriously and on a daily basis trying to ensure that citizens are saved at any cost.
It was highlighted in the PIL that the Authorities are busy in managing the COVID situation in this crucial and / are busy in other essential works due to COVID.
The division bench of Chief Justice Abhay Oka and Justice Suraj Govindaraj while hearing a suo moto Public Interest Litigation, restored its earlier order which was initiated on June 01,2020 for dealing with the issues arising due to the pandemic of COVID-19.
With the second wave of Covid-19 putting further stress on the economy, the Reserve Bank of India has launched measures to enhance fund flow for the healthcare sector and inject more liquidity into the system. Will they help?
Even as courts are pulling up governments for dereliction of duty during these tumultuous times, they are laying the groundwork for future course of action and the third wave which will affect children.
The Supreme Court will today hear a petition related to the release of inmates, who have undergone half of their maximum sentence, taking into consideration the Covid-19 pandemic situation in the country.