‘Common man’s Diwali in your hands’: SC to Centre on speedy interest waiver
   Date :15-Oct-2020

sc_1  H x W: 0
THE Supreme Court on Wednesday told the Centre that the common man’s Diwali is in the Government’s hands, as it sought implementation of the decision to waive interest-on-interest for loans up to Rs 2 crore for eight categories. The top court gave time till November 2 to the Centre to update it on the issuance of circulars in this matter.
A bench, headed by Justice Ashok Bhushan and comprising Justices M.R. Shah and R. Subhash Reddy told Solicitor General Tushar Mehta, representing the Centre, that it does not require one month time to implement its decision on waiver of interest on interest on loans up to Rs 2 crore.
“This is not fair on the part of the Government,” said Justice Bhushan, noting that the top court has given enough time to the Government to act in the matter. “When you have decided, then why it is taking time,” he asked. The bench insisted that the Centre should issue necessary orders based on its decision so that the common man can receive the benefits.