View: Has the Modi government given up on relief for the Covid-hit economy?

View: Has the Modi government given up on relief for the Covid-hit economy?

Instead, it has played it safe by accepting RBI’s decisions to address the stress caused by the pandemic, in the hope that it will find favour with the Supreme Court. RBI’s recent Covid-19 resolution framework (RF) allows for one-time loan restructuring for borrowers whose accounts are standard, and not in default for more than 30 days and continue to be so until the date of invocation of the resolution process.

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