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Rep. Stefanik Joining Calls For Border Between U.S. And Canada to Reopen


Jun 4, 2021
Photo: Getty Images
Congresswoman Elise Stefanik is joining a growing number of lawmakers in calling for the border between the United States and Canada to be reopened.
The Republican, who represents the 21st Congressional District, says she and colleagues believe the Canadian government isn t doing enough to make that happen. The border has been closed since March 2020 in an effort to prevent the spread of COVID-19. Canadian Prime Minister Justin Trudeau says he ll only act in the best interests of his fellow citizens and won t react to pressure from other countries.
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Crisil fears large companies will benefit from RBI sops for contact-intensive sectors


Crisil fears large companies will benefit from RBI sops for contact-intensive sectors
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Last Updated: Jun 04, 2021, 10:52 PM IST
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Synopsis
Earlier in the day, the RBI relaxed the eligibility criteria for the restructuring window offered under the Resolution Framework 2.0 to Rs 50 crore. Earlier, only half of the rated companies were eligible for the package when the loan eligibility threshold was set at Rs 25 crore. It also launched the Rs 15,000-crore liquidity facility.
PTI
Leading domestic ratings agency
Crisil on Friday said feared risk aversion among banks may lead to only the large companies benefitting under the Rs 15,000-crore on-tap liquidity window for contact-intensive sectors announced earlier in the day. The Reserve Bank of India s (RBI) aggregate debt-eligibility thresholds for small enterprises to avail loan recasts takes the total number of entities able to access the facility to two-thirds of the rated mid-size portfoli ....

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