Tag: West Asia crisis impact

Broader impact of West Asia crisis to be felt strongly over next few quarters, says TCI MD

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Broader impact of West Asia crisis to be felt strongly over next few quarters, says TCI MD

The economic impact of the West Asia conflict, which began in late February with the assassination of Iran’s Supreme leader by American and Israeli forces, has been significant on India, and some of the effects would unfold over the next few quarters, according to a top transportation and logistics entrepreneur. “The broader impact of the…

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Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

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Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

For airlines, the loans can be for up to 100% of their peak working capital, but this is capped at ₹1,500 crore per borrower, subject to satisfying certain specific conditions. File photo for representational purposes only. | Photo Credit: Reuters In response to the crisis in West Asia, the Union Cabinet on Tuesday (May 5,…

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