Vinkesh Gulati, president, Federation of Automobile Dealers Associations (FADA), said, “FADA has been interacting regularly with the RBI and Industry Monitoring Group for restructuring support. The economic fallout on account of the Covid-19 pandemic has led to significant financial stress for auto dealers. The resultant stress can potentially impact the long-term viability of dealerships.” … [Read more...] about Kamath Committee report | Implementation is key, says auto sector
In June, large size retailers (more than Rs 300 crore revenue) witnessed a degrowth of 59 percent YoY and small retailers (<Rs 300 crore sales) witnessed a degrowth of 69 percent YoY. Region-wise findings indicated West at -74 percent YoY and North at -71 percent YoY continued to suffer the most. East and South both signalled a 62 percent on year fall in sales. … [Read more...] about KV Kamath committee report: FMCG, corporate retail outlets among 26 sectors listed for restructuring
> The resolution framework must be based on the borrower's pre-COVID operating and financial performance, and the impact of COVID-19 on its operating and financial performance in Q1 and Q2FY21, to assess the cash-flows for FY21/FY22 and subsequent years … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
As the criticism grew, it led to thousands of retweets saying that supporting Mulan is tantamount to being complicit in these human rights violations. Hong Kong democracy activist Joshua Wong and internet users in Taiwan and Thailand are among those who promoted hashtags “#BoycottMulan” and “#BanMulan” on Twitter. … [Read more...] about Disney’s remake of Mulan draws criticism for filming in China’s restive Xinjiang region
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about South Delhi civic body clears proposal to allow use of terrace by licensed eateries