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Enhancing the limits, the Department of Financial Services said that an efficient and strong civil aviation sector is vital for the economic development of the country. ....
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 ....