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Finance Ministry working with RBI on need for loan restructuring

Aug 01, 2020 13:42 IST

In a bid to help industry tide over the impact of the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Friday said the government is working with the RBI on the need for restructuring of loans. The Finance minister also said that the decision on reducing GST rates on healthcare and other products will be taken by the GST Council. Sitharaman said the Finance Ministry is working with RBI on the demand of the hospitality sector for extension of the moratorium, or restructuring.

Economy