Amid GoFirst insolvency, SpiceJet to borrow ₹400 cr to revive 25 grounded planes
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals
emergency credit line guarantee scheme
May 2023
August 2022
April 2021
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.
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.
