Govt files affidavit in Supreme Court, says courts should be wary of judicially deciding fiscal management issues; petitioners can’t seek any further interest waiver, sector specific relief

Govt Affidavit In SC On Waiving Interest On Interest | Decision to waiver interest on interest can mature into an Office Memorandum, Circular & Order after due process. Would need an appraisal by the Expenditure Finance Committee, would then be placed before Cabinet for approval

Fiscal Support | Global situation is bad, uncertain how long stress will continue. Govt has undertaken substantial financial burden. Going further may be detrimental to overall eco scenario, national eco. Banking sector may not be able to take inevitable financial constraints

Small borrowers can seek restructuring from respective lenders under RBI’s August 6 circular. Banks already started reaching out to small borrowers for loan restructuring: Govt on Small Borrowers

Govt on Kamath Panel Recos | Kamath panel found variable impact of pandemic across sectors, with varying degrees of severity. Committee has laid down parameters as guidelines for restructuring, resolution by lenders for 26 sectors.