Centre in talks with RBI to extend moratorium: FM
by Nidhi Bhati
Finance Minister (FM) Nirmala Sitharaman has stated that the government is in talks with the Reserve Bank of India (RBI) on extending the moratorium on loan repayments or restructuring the borrowings. Sitharaman informed that the government has started working on setting up a Development Finance Institution (DFI) for the infrastructure sector. The DFI, a government-backed specialised institution, will provide funds when borrowers are unable to get them from commercial lenders. The Finance Minister also emphasised on reciprocity of trading arrangements with countries with which India has opened up.