Discover and read the best of Twitter Threads about #moratorium

Most recents (8)

#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 tweets
#MORATORIUM

1. Jika anda tidak ambil, bayar loan macam biasa.

2. Jika anda ambil, anda ada 2 option pula.

i. Bayar ansuran terkumpul 6 bulan pada Oktober 2020 (tiada tambahan interest)

ii. Bayar macam biasa start Oktober 2020. Tapi kena interest lepas tarikh matang.

(Thread)
Kalau pilih option 1, sama je macam anda bayar bulan-bulan tapi bukan sekarang. Bank hold dulu due date. Anda perlu bayar sekelepuk terus pada bulan Oktober nanti. Anda ada masa kumpul duit sampai Oktober 2020. Tiada interest tambahan.
Jika option 2 yang mana menjadi pilihan ramai kerana sebelum ini kita tak diberitahu pasal interest, anda boleh bayar balik bulanan macam biasa bermula Oktober nanti. Tapi....

Sepanjang 6 bulan anda tak perlu bayar ni, anda akan kena interest yang akan ditambah di hujung loan.
Read 6 tweets
#SupremeCourt bench of Justices NV Ramana, SK Kaul & BR Gavai begins hearing petitions challenging the March 27 notification of the Reserve Bank of India announcing moratorium on loans permitting borrowers to skip EMI from April to June due to #Lockdown in the wake of #Covid19
Justice Kaul: Have the petitioners taken some loan ?

Advocate Shibshankar Saha: This is for the general public

J Ramana-- We are not here to decide whether the scheme is profitable scheme, good scheme, bad scheme. If you're not a borrower ,you don't know anything
J. Kaul: There may be people who have taken loans and who may feel the arrangement is working or not ..kindly do not make balance of litigation into filing such petitions.

J. Ramana: How can you say it's a bad scheme?
Read 9 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
FAQ ON #Moratorium (thread)
_Here are questions on RBI decision related to personal loan / EMI/ creditcard bills answered._

*Q: My EMI is due soon. Will the payment not be deducted from my account?*

A: The RBI has only allowed banks to allow a moratorium. Individual banks will
have to allow suspension of EMIs. The borrower will have to request the bank and show that his or her income has been impacted by the coronavirus disruption. This means that unless you have specific approval from your bank, your EMIs will still be deducted from your account.
*Q. Is this a waiver of EMIs or a deferment of EMIs?*

This is not a waiver, but a deferment. You will have to pay the EMIs at a later as decided by the bank. The RBI has told banks to have board approved policies in place on moratorium/deferment.
Read 7 tweets
Fakten von @netzpolitik_org:

Etat des #Verfassungsschutz'es von 2015 bis heute beinahe verdoppelt – von 230 Millionen Euro auf 421 Millionen Euro.

netzpolitik.org/2019/mehr-uebe…
Das #Bundeskriminalamt erhielt 2015 noch 430 Millionen Euro, während es in diesem Jahr bereits 792 Millionen sind.
#BND erhielt 2015 noch 615 Millionen Euro, während im Haushalt für 2020 stattliche 967 Millionen Euro vorgesehen sind.
Read 35 tweets
WHISTLEBLOWING: Today, in accordance with our whistleblowing polices, I have formally reported my concerns about #seriousmalpractice in @TheGreenParty to the CEO and Chair of Executive. #GreenParty #whistleblowing #complainantidentity #Challenor @VeritaUK @InquiryCSA Please RT
It is with #heavyheart that after 16 yrs in Party I have felt need to do so. I cannot sit back & watch Party corrupted by those who wld abuse their membership rights or subvert their officer roles – a Party which I & Greens before me have toiled over for sake of people and planet
I am raising alarm abt #seriousmalpractice in way members are being disciplined, now & in recent past, with regard to allegations of “transphobia”. I'm calling for urgent review of our complaints system & #specialmeasures to police these processes & safeguard against their abuse.
Read 14 tweets
On Friday, four #Saami Reindeer Herding Communities, from both sides of the Swedish/Norwegian border declared a moratorium at the Nása Mountain, to challenge the proposed opening of a mine in the area.

What follows are excerpts from their Moratorium Statement:
Since time immemorial, the Nása Mountain has been used as grazing pastures by reindeer herding Saami. Through a system of ecologically sustainable hunting, fishing and reindeer husbandry, this area has become a site where Saami have co-existed with nature on its own terms.
Long before the State colonised the Nása Mountain area and decreed that every reindeer herder had to belong to a state-approved herding district, this mountain used to be a privately owned Saami tax district, as well as a reindeer herding district governed by consuetudinary laws.
Read 20 tweets

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