Read more about Analysts bet on larger players in travel & tourism space post RBI s support on Business Standard. In a bid to alleviate the adverse impact of the second wave of the pandemic on "contact-intensive sectors", RBI governor Shaktikanta Das announced a separate liquidity window of Rs 15,000 crore
Recently disclosed earnings data for India’s travel and hospitality service providers highlights the damage that the pandemic is wrecking on the vast sector.
Industry insiders do not foresee a recovery for the sector till the time Indians are doubly vaccinated. While lockdown restrictions were longer last year, the second wave was more devastating for families, they said, and would have made people hesitant and fearful of venturing out.
India Business News: NEW DELHI: With GST council meet coming up on May 28, hospitality industry is reaching out to the government to put forth their demands and hope for t.