Business

Hospitality, tourism sector welcomes RBI announcement of liquidity measures

Agencies

The hospitality and tourism sector on  Friday welcomed the decision of the RBI to  open a separate liquidity window of `15,000 crore for contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services, hit hard by the pandemic.”This is the first significant sign indicating that the Govt has taken note of the severe effect that the pandemic has had on  the hospitality industry and the huge economic impact it will have on the sector as well as the nation,” FHRAI Vice President Gurbaxish Singh Kohli said.