Former comptroller and auditor general Rajiv Mehrishi (Retd.IAS:1978:RJ) will head the Govt. Panel to assess the impact of “waiving of interest and waiving of interest on interest on the Covid-19-related moratorium” on the economy and financial stability. The other members in the panel are Ravindra Dholakia, ex-member of the RBI’s Monetary Policy Committee, and former SBI managing director B Sriram. This panel is likely to submit its report in a weeks time. A Finance Ministry official release highlighting the purpose of this high level committee says that the expert committee has been constituted for making an overall assessment so that better informed decisions can be taken.
The committee will also give suggestions to “mitigate financial constraints of various sections of society and measures to be adopted in this regard”. It’s also empowered to make any other recommendation or observations that may be necessary given the current situation.
