Today’s satellite loop over California. Continuing to see an enormous amount of smoke from the #CreekFire in Fresno County. #ElDoradoFire and #ValleyFire burning in SoCal. Fires burning in Mendocino County to the north. https://t.co/EaSCC1y64F pic.twitter.com/1oxzWGPtRW … [Read more...] about California, Oregon, and Washington live wildfire maps are tracking the devastation in real time
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> 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?
He, however, said the broad principle around which his position would be constructed would be about the importance of maintaining peace and tranquillity along the border for the overall development of ties which has been reflected in the last 30 years of the relationship. … [Read more...] about India-China news: S Jaishankar says Ladakh situation ‘very serious’
“Considering the average asset life in the industry to be around 10 years, we recommend the committee to enhance the ‘Total Debt/EDITDA ratio’ to 6 times from the current 4.5 times, the premise of repaying loans in 4.5 years for assets that will last over double the time needs to be reconsidered. Further, considering the cost of borrowing capital in India is one of the highest in the world, we request the committee to recommend lending to the auto component industry at the same interest spread as priority sector, to secure the industry from any downgrade in ratings due to the adverse impact of COVID-19 related disruptions," added Jain. … [Read more...] about Kamath Committee report | Implementation is key, says auto sector
Kamath Committee report | Tourism industry welcomes recommendations, but fears meeting thresholds will be challenging Opening places of worship with guidelines not practical: Maharashtra govt tells Bombay HC Congress decides to field a joint opposition candidate for Rajya Sabha deputy speaker … [Read more...] about India-China news: Indian Army says PLA blatantly violating agreements, undertaking provocative actions to escalate