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ECLGS BUDGET NEWS
Delhi HC comes down heavily on SpiceJet, asks carrier to cough up $4 mn by Feb 15 on lessors' pleaThe Delhi High Court has ordered SpiceJet to pay $4 million to its engine lessors, and the lessors have sought grounding of the aircraft. S...- SpiceJet says TDS process has begun, co will deposit 'substantial' amount towards PF soonIndian budget carrier SpiceJet has reportedly not deposited money into its employees' pension funds for at least 18 months and has not subm...
- No question of filing for insolvency, rumours completely baseless: SpiceJet’s Ajay SinghSpiceJet has denied any plans to file for insolvency and says it is concentrating on reviving its grounded fleet and restoring more planes ...
- Union Budget 2023: MSME sector lauds revamped credit guarantee scheme, hails measures to revive the fund-starved sectorIndustry players say the budget has various measures to address the problems of small businesses.
- Will the revamped ECLGS package bring an end to SpiceJet's troubles?SpiceJet has been scouring for funds and needs around Rs 2,000 crore to safely navigate the turbulent skies. High aviation fuel prices have...
- Budget 2022, big on growth and good for business: ETILCIn terms of performance, the government has done well in collecting tax revenues, keeping spending tight, and is now taking steps towards l...
- Union Budget 2022 highlights: Boost for various sectors, but middle class taxpayers left in lurch againAmong a host of significant announcements, the decision to tax receivers of digital asset transfers at a high 30% got some serious attentio...
- Logistics to labour, Budget 2022 is looking to take the right steps to propel trade, exportsPM Gati Shakti is a national master plan for multimodal connectivity geared towards integrated planning and implementing infrastructure pro...
- ECLGS extension a plus in Budget, but interest subvention, lack of opportunity in PLI are big missesThe sector is happy that the government is giving some priority to MSMEs, but also rue the fact that there are no specific measures for sma...
- Not much for auto sector but focus on infra to support job generation: Forging industry on BudgetThe domestic forging industry, which is second-largest in the world, comprises 85 per cent of the MSME sector and primarily caters to the a...
- Budget 2022: Hospitality industry welcomes ECLGS announcement that recognises distress in the sector, but feels the need for more direct interventionMost industry insiders thought much more could have been done to support the stressed sector, its allied segments and their workers.
- MSMEs largely outside the ambit of PLI scheme, many small businesses left out of ECLGS. Can Budget 2022 do a course correction?Faced with lingering Covid blues, the MSME sector wants the FM to reduce compliances, address rigid banking norms and announce a PLI-like s...
- Indian economy will be back to pre-COVID levels by March 2022: Uday Kotak"If we are seeing some sort of a normalisation on vaccination and calibrated opening between now and September, then by September we should...
- Axis wants to be seen as a conservative bank which is keen on growth: Amitabh ChaudhryWe are in early stages of capex cycle, it is not a widespread trend, says Axis Bank MD & CEO.
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