Airlines are estimated to need closer to USD 5 billion of recapitalisation in 2021-22 just to survive, including requirements generated through the course of 2020-21
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The Union Cabinet approved the Model Tenancy Act, a move that will help overhaul the legal framework with respect to rental housing across the country.
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Reliance Infrastructure already has an EPC order book of over Rs 25,000 crore, power distribution business in Delhi serving 45 lakh customer and defence manufacturing business.
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All AirAsia India guests who booked their flights before the announcement of the lockdown (in these states) can opt to cancel or change to another flight without incurring any change fees or cancellation charges
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Construction work came to a grinding halt due to Covid-19 restrictions during which only essentials and continuous process industry were allowed to operate.
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Defence Ministry today notified the 'second List' to boost indigenisation in the Defence sector. Defence Minister approved a proposal of the Department of Military Affairs, Ministry of Defence (MoD) to notify the ‘Second Positive Indigenisation List’ of 108 items. MoD sets the export target of Rs 35,000 crore as Indian defence industry is striving to be part of the global defence value chain and one of the leading countries in the defence sector.
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Besides, the validity of the scheme has been extended by three months to September 30 and or till guarantees for an amount of Rs 3 lakh crore are issued
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Referring to the ECLGS (Emergency Credit Line Guarantee Scheme) 3.0 wherein aviation sector was included on Sunday, the minister said that it can help civil aviation meet their working capital term loan and additional term loan needs.
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