According to reports, the Delhi Disaster Management Authority on Wednesday approved re-opening of all hotels in the capital besides allowing weekly markets on a trial basis. All these will resume with social-distancing guidelines and and preventive measures.
The industry is expected to go for debt-recast scheme allowed by the Reserve Bank of India in its latest monetary policy announcement.
The body has also made it plain that it does not see recovery in 30-36 months. After that it expects hotel room occupancy to reach 50-70 per cent of the pre-Covid levels. READ HERE
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