The Center and Reserve Bank of India on Tuesday informed the Supreme Court that the moratorium on repayment of loans is extendable by up to two years.
Appearing for the RBI and the central government, Solicitor General Tushar Mehta contended before a bench headed by Justice Ashok Bhushan that the Center is in the process of identifying the distressed sectors to decide what kind of relief could be provided, as per the impact of the hit they have taken.
Mehta clarified that moratorium is capable of being extended as per the circular.
He also informed the top court that the Center has filed its reply on the powers under Disaster Management Act, and urged the court to allow Center, RBI, bankers associations to sit together.
The bench replied that it has been hearing about this meeting since past three hearings on the matter. Mehta submitted that they will identify the class of borrowers.
The bench said it wanted something concrete on the issue.
Mehta reiterated that the moratorium period is anyway extendable by two years.
The bench insisted that it will have to take a decision on many other issues on the basis of its merit.
Mehta said the court can go through the affidavit and take up the matter in two days.
The bench wanted to know whether a decision can be taken in two days?
Mehta said that may not be possible.
To which, the bench said it would hear on Wednesday the bunch of petitions demanding waiver of interest, or waiver of interest on interest on the deferred EMIs during the moratorium period. (IANS)
447 cases of adverse effect reported,Covid-19 vaccine given to 2,24,301 beneficiaries :Govt.
A total of 2,24,301 beneficiaries have been inoculated with COVID-19 vaccine so far, out of which only 447 adverse events following immunisation (AEFI) were reported, the Union Health Ministry said on day two of the nationwide vaccination drive on Sunday.
Addressing a press briefing, the ministry’s Additional Secretary Manohar Agnani said out of the 447 adverse events following immunisation, only three required hospitalisation.
“Today being Sunday, only six states conducted vaccination drive and in 553 sessions a total of 17,072 beneficiaries were vaccinated,” he said.
The six states where the vaccination drive was carried out on Sunday are Andhra Pradesh, Arunachal Pradesh, Karnataka, Kerala, Manipur and Tamil Nadu, he added.
Agnani said a total of 2,24,301 beneficiaries have been vaccinated till January 17 as per provisional reports, adding that 2,07,229 of them received the jabs on day one of the drive.
“A total of 447 AEFI have been reported on January 16 and 17, out of which only three required hospitalisation. Most of the AEFI reported so far are minor like fever, headache, nausea,” he said.
He said a meeting was held with all states and union territories on Sunday to review the progress of the drive, identify bottlenecks and plan corrective actions.
Prime Minister Narendra Modi rolled out the world’s largest inoculation drive against COVID-19 on Saturday and said the two vaccines being deployed will ensure a “decisive victory” for India against the pandemic.
India has approved two vaccines—Covaxin developed by Bharat Biotech and Covishield from the Oxford/AstraZeneca stable being manufactured by the Serum Institute of India—for emergency use in the country.
According to the government, the shots will be offered first to an estimated one crore healthcare workers and around two coror frontline workers, and then to persons above 50 years of age, followed by persons younger than 50 years of age with associated comorbidities. PTI