Asset Reconstructions Companies Arcs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Asset reconstructions companies arcs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Asset Reconstructions Companies Arcs Today - Breaking & Trending Today

Hotels' body seeks liquidity support amid 2nd wave of Covid

Hotels body seeks liquidity support amid 2nd wave of Covid
By
IANS
|
Published on
Sun, May 2 2021 13:51 IST
|
4 Views

BMC books 3,343 isolation rooms in 88 hotels for Indian arrivals. Image Source: IANS News
Mumbai, May 2 : As the severe Covid crisis and the resultant lockdowns have again brought the travel and hospitality industry to a halt, the Hotel Association of India (HAI) has written to the Central government seeking liquidity support in the form of lower interest rate and further customisation in the Emergency Credit Line Guarantee Scheme (ECLGS).
The industry body has also sought a complete or partial waiver of statutory expenses like property tax, lease rentals, license fee, and excise fee payable by hotels to various government authorities. ....

Asset Reconstructions Companies Arcs , Hotel Association Of India , Hotel Association , Emergency Credit Line Guarantee Scheme , Finance Ministry , State Financial Corporations , Asset Reconstructions Companies , Debt Funds , ஹோட்டல் சங்கம் ஆஃப் இந்தியா , ஹோட்டல் சங்கம் , அவசரம் கடன் வரி உத்தரவாதம் திட்டம் , நிதி அமைச்சகம் , நிலை நிதி நிறுவனங்கள் , கடன் நிதி ,

Retailers seek clarity on ECLGS 3.0 - The Hindu BusinessLine

Retailers seek clarity on ECLGS 3.0
May 01, 2021
Hotel Association urges govt to ease scheme conditions
The retail industry has sought clarity from the Finance Ministry on the Emergency Credit Line Guarantee Scheme (ECLGS) 3.0 and has urged the government to extend benefits to the sector under the scheme.
At the same time, the hospitality industry has urged the Centre to allow even hotels with no borrowings too to seek benefits under the scheme and utilise the credit line for any business purpose, including repayment of loans and interest payment.
Retailers Association of India in its submission to Finance Ministry, said while the sector was mentioned during the announcement of ECLGS 2.0, there is no clarity on whether the sector will be able to avail benefits in the notification which announced ECLGS 3.0. Kumar Rajagopalan, CEO, Retailers Association of India, said the industry has sought clarity from the government on this issue. “RAI has urged the govern ....

Kumar Rajagopalan , Asset Reconstructions Companies Arcs , Hotel Association Of India , Retailers Association Of India , Finance Ministry , Emergency Credit Line Guarantee Scheme , Retailers Association , Hotel Association , State Financial Corporations , Asset Reconstructions Companies , Debt Funds , Retail Industry , Eclgs 3 0 , குமார் ராஜகோபாலன் , ஹோட்டல் சங்கம் ஆஃப் இந்தியா , சில்லறை விற்பனையாளர்கள் சங்கம் ஆஃப் இந்தியா , நிதி அமைச்சகம் , அவசரம் கடன் வரி உத்தரவாதம் திட்டம் , சில்லறை விற்பனையாளர்கள் சங்கம் , ஹோட்டல் சங்கம் , நிலை நிதி நிறுவனங்கள் , கடன் நிதி , சில்லறை தொழில் ,