Here are top News Headlines of 26th October 2020

India

• Mahesh Kanodia, Gujarati film musician and former BJP MP from Patan, dies in Gandhinagar at 83

Loan moratorium scheme

• Centre to bear additional compound interest on loans of up to ₹2 crore taken by retail borrowers and MSMEs
• Banks and NBFCs asked to credit the difference between the compound interest and simple interest for the six-month period between March 1 and August 31 into these loan accounts by November 5
• Would benefit even borrowers who had not availed themselves of the moratorium on loan repayments allowed by RBI up to August 31.

World

• UN’s Treaty on the Prohibition of Nuclear Weapons (TPNW) comes into effect after ratification by 50 countries
• Former Anglican priest Wavel Ramkalawan elected new President of Seychelles
• Luis Arce elected new President of Bolivia; leader of the Movement for Socialism party

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