The recommendations outlined some of the much-needed expectations of the Hospitality industry.
Finance Ministry
Posted inBusiness
HAI requests FM to extend moratorium period, customise ECLGS scheme and reduce loan interest rate
HAI has highlighted that while ECLGS 3.0 offers liquidity to pay interest obligations, it does not help businesses to survive
Posted inBusiness
The failure to offer a stimulus package will leave the hospitality and travel industries bereft and rudderless
In the Rs 20 lakh crore that the Indian government has announced as a stimulus to kick-start the economy, there is nothing at all for the hospitality and travel industries that employ millions of people, many of whom are on the verge of losing jobs.