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FAITH released the second set of recommendations on banking and funding

Posted : 24 March 2020 11:45:12 | By TWO Bureau | twotv

FAITH released the second set of recommendations on banking and funding

To address the cash stress on term loans, funding andoperating costs of each sub sector of tourism, travel & hospitalityindustry of India, FAITH released the second set of recommendations on bankingand funding. In the   “Survival & Revival”  package put up by FAITH  for thetourism, travel & hospitality industry of India, the core premise isstraight forward.

Consequently,it’s imperative by the Government to address on an immediate basis the cashoutflows of the industry on following four parameters:

 

  1. Statutory Obligations 
  2. Term Loans 
  3. Working Capital 
  4. Support on operating cash flows



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Tags : FAITH, banking & funding


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