Odisha hotel industry appeals RBI to extend moratorium period

On behalf of the hotel industry of Odisha, J K Mohanty, MHCIMA, Chairman – Hotel & Restaurant Association of Odisha & IATO Eastern Region, has written a letter to Reserve Bank of India, to extend the moratorium period up to March 2021 and exempt hoteliers from payment of interest during this period as it is not possible to pay interest without earning. He also expressed his gratitude to RBI for announcing immediate action to avoid the crisis by allowing relief on loan moratorium on interest and principal repayment for a period three months and later extended to six months.