Strict implementation of public health and social measures a must: WHO official

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A top official of World Health Organisation has called for stringent implementation of public health and social measures as Covid-19 cases have increased in most countries of South-East Asia Region, with some witnessing an exponential rise. “All preventive and protective measures must be implemented with full earnestness by one and all. Authorities must implement situation-specific…Continue Reading

HFCs urge RBI to scrap strict asset classification guidelines

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SynopsisThe Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, has appealed to the Reserve Bank of India Governor Shaktikanta Das and the National Housing Bank to do away with the stringent asset classification guidelines announced recently.AgenciesThe new RBI rules require NBFCs to treat such accounts as NPAs until the borrower…Continue Reading