SC says can’t extend loan moratorium, no to waiver of all interest

The Supreme Court has refused to interfere with the government and RBI’s loan moratorium policy, and declined to extend the six-month loan moratorium period.

Justice M R Shah said that a complete waiver of interest not possible as it affects depositors. From various steps that have been taken by RBI and Centre, it can’t say they didn’t address the issues of borrowers, the Supreme Court said.

Waiver of complete interest is not possible because they have to pay interest to depositors like account-holders and pensioners, the Supreme Court has said.

Yields on longer-term JGB fall tracking U.S. Treasuries move

TOKYO, March 23 (Reuters) – Yields on longer term Japanese government bonds fell, tracking U.S. Treasuries as investors bet on a faster economic recovery in the United States and higher inflation pressures.

The 20-year JGB yield fell 1.5 basis points to 0.445%, while the 30-year JGB yield fell 0.5 basis point to 0.625%.

The 40-year JGB yield fell 0.5 basis point to 0.670%.

The 10-year JGB yield was unchanged at 0.075%, while the five-year yield rose 0.5 basis point to minus 0.095%. Benchmark 10-year JGB futures fell 0.02 point to 151.28, with a trading volume of 10,971 lots.

SC says can’t extend loan moratorium, no to waiver of all interest

The Supreme Court has refused to interfere with the government and RBI’s loan moratorium policy, and declined to extend the six-month loan moratorium period.

Justice M R Shah said that a complete waiver of interest not possible as it affects depositors. From various steps that have been taken by RBI and Centre, it can’t say they didn’t address the issues of borrowers, the Supreme Court said.

Waiver of complete interest is not possible because they have to pay interest to depositors like account-holders and pensioners, the Supreme Court has said.

Every key Covid event as England marks one year on from the first lockdown

All the key moments from England’s Covid lockdown:

Freddie the seal dies after dog attack by the Thames

Lockdown anniversary: What time is the one minute silence today?

What time is the minute’s silence to mark the one year lockdown anniversary?

When did the UK go into lockdown in 2020?

Six lessons the UK should have learned, one year on from its first lockdown

1. Act quickly

2. Act decisively

3. Trust people to follow the rules

4. Communicate clearly

5. Tackle inequality

6. Be prepared

GOP Senator’s Attack On Washington D.C. Statehood Spectacularly Backfires

Sen. Mike Rounds (R-S.D.) on Monday tried to make the case against statehood for Washington D.C. But given his own state’s history, it didn’t go well. 

Rounds tweeted: 

Rounds’ tweet appeared after a day of non sequitur attacks on D.C. statehood, such as the weird (and false) claim by Rep. Jody Hice (R-Ga.) that it would be the only state without an auto dealership. (The U.S. Constitution does not mention auto dealerships as a condition for statehood.)

Many were quick to remind Rounds that the Founders didn’t particularly envision statehood for any form of Dakota at all, much less a “South Dakota.” And in the years prior to its eventual admission as two states, there was just one Dakota: the Dakota Territory. One reason it was split just before admission was to give Republicans two more Senate seats ― including the one Rounds now occupies.  

Rounds’ critics on Twitter also shared a few other facts about what the Founding Fathers intended:

All of Europe could be put on red list as new £5,000 fines are rolled out

Old Mutual FY Adj. Headline Earnings Declines – Quick Facts

Old Mutual Limited (ODMTY.PK,OML.L) reported a loss after tax from continuing operations of 5.35 billion Rand for the year ended 31 December 2020 compared to profit of 9.55 billion Rand, prior year. Loss per share from continuing operations in cents was 116.3 compared to profit of 202.9. Adjusted headline earnings declined 75% to 2.48 billion Rand from 9.86 billion Rand. Adjusted headline earnings per share in cents was 54.3 compared to 209.3.

Fiscal year net earned premiums was 72.46 billion Rand compared to 72.76 billion Rand, last year. Total revenue and other income declined to 146.53 billion Rand from 176.12 billion Rand.

The Board has declared a final dividend of 35 cents per ordinary share.