JK Mohanty writes to PM Modi for stopgap measures to battle cash crunch

In his letter to the PM, JK Mohanty, Chairman, IATO – Eastern Region and Co-Chairman, FICCI – National Tourism Committee, has suggested measures to battle the financial crunch, including extension of moratorium for a year with minimal interest rate, one-time rescheduling of principal and interest dues of borrowers in hospitality in line with revised estimated cash flows of each project, among others.