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The loan repayments have to start from September 1. It is unlikely that the RBI will offer any more extension as that could affect the financial health of the banks.
The court had earlier asked the Centre and the Reserve Bank of India (RBI) to review the move to charge interest on EMIs during the moratorium period introduced under the scheme due to the COVID-19 pandemic.
The merchants are hoping that they would be able to tide over the COVID-19 crisis through the Onam sales.
The one-year pullout could be treated as a moratorium period and if the relations improve, BCCI may look at inking a fresh three-year deal with the company from 2021 to 2023 on revised terms.
The MPC is expected to release its resolution on the monetary policy after their meet August 4-6.
The industry has about 6,800 people who work on a daily-wage basis. Then there are 450 actors, and 4,500 directors and technicians. In all, about 12,000 people are currently unemployed due to the lockdown.
New York, once by far the leader in infections, has now been surpassed the country's largest state, California, for the number of cases.
The state government should ensure the guidelines issued by the central government in this regard is strictly followed, the court said.
In a relief to small taxpayers with turnover up to Rs 5 crore, the GST Council on Friday halved the interest on delayed filing of GST returns for February, March and April to 9 per cent, provided the returns are filed by September 2020.
After swinging 599 points during the day, the 30-share BSE Sensex settled 128.84 points or 0.38 per cent lower at 33,980.70.