BoT urges banks to ease debt and extend fresh loans

Possible relief measures include allowing borrowers to pay interest only, cutting instalments, reducing interest rates and applying repayments to principal before interest. The central bank said such support should apply across all loan categories, including hire-purchase and leasing for cars and motorcycles, car-title loans and supervised personal loans. Lenders were also asked to clearly explain…

Fixing the Nuts-and-Bolts of the Economy

Process reforms can improve the administration of India’s voluntary company liquidation pathways. Economic reform debates usually gravitate toward the big reforms. Reforms—such as tax system overhauls, free trade agreements, and major privatization—usually dominate headlines. These reforms are structural, which make changes to the underlying framework of an economy. Although such reforms are important, they overlook…

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