Context:

• Niti Aayog’s Chief Executive Officer Amitabh Kant has said that the government and the Reserve Bank will have to bring in a new set of regulations to ensure that borrowers repay their debt in time following the Supreme Court order.
• On Tuesday, the apex court had struck down the February 12 circular of the RBI on Non-Performing Assets.
• Speaking on the sidelines of a conference in Mumbai, Mr. Kant said such a move ensuring timely repayment and resolution of stressed assets is essential for long-term growth.