Centre ready to waive interest on interest during moratorium

In its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear the burden arising from such waiver of interest on interest, or compound interest, for the banks.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/centre-ready-to-waive-interest-on-interest-during-moratorium/articleshow/78457756.cms