No question of filing insolvency, says SpiceJet amid Go First crisis
SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received from ECLGS and internal cash accruals.
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May 2023
October 2022
August 2022
February 2022
April 2021
Loan limit for airlines under ECLGS raised to ₹1,500 cr
The Centre’s decision will give airlines collateral-free liquidity at reasonable interest rates to tide over present cash flow issues.
Big boost for hospitality sector: Cabinet hikes ECLGS corpus by ₹50,000 crore
The increase has been done on account of the severe disruptions caused by the Covid-19 pandemic on hospitality and related enterprises.
Why credit alone isn’t enough to address MSME woes
Very few — just 11% of MSME units — are registered with the Centre and ECLGS credit has reached only 15% of all units, thus leaving out 85% of units.
Budget 2022: ₹50,000 crore earmarked for hospitality in ECLGS extension
Industry stakeholders have welcomed the move, which is touted to provide immediate relief to the struggling sector
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
