Business
SC defers hearing on waiver of interest on interest charges to 13 October
The Supreme Court on Monday granted the Reserve Bank of India and the Centre a week’s time to file additional affidavits on the issue of waiving off compound interest for the moratorium period for loans up to ₹2 crore.
The top court will next hear the matter on 13 October.
It has asked the Indian Banks’ Association to file its response on the Centre’s proposal and also directed the government and the central bank to consider issues raised by the real estate associations and power producers.
On Saturday, the government said it will waive ‘interest on interest’ on loans of up to ₹2 crore for six months through the end of August, but warned this will impact “pressing commitments” such as fighting the coronavirus pandemic.
It also said it did not waive the interest charged on all categories of loans because that would have made it difficult for banks to survive.
In its affidavit, the Centre said that due to unprecedented conditions “the only solution is for the government to bear the burden of waiving of interest” and that it will seek Parliament’s approval for the decision.
The Reserve Bank of India (RBI) on 22 May had extended the moratorium on loans till 31 August as businesses ground to a halt amid the nationwide lockdown. In March, it had allowed a three-month moratorium from paying EMIs and on payment of all term loans due between 1 March and 31 May.
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Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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