To help individuals whose cash flows and earnings were all of a sudden interrupted by COVID-19 and the attendant lockdown, the Reserve Bank of India, back in March, announced a loan moratorium scheme. The plan was initially for 3 months, from March to May.

It was then extended for another 3 months, till August31 Now, as we get in the last month of this extension, there is yet another round of argument on whether the morat