MUMBAI: Manufacturing in the country won’t take off as soon as lockdown restrictions are lifted due to an acute shortage of workers who have returned to their home states, industrialists said. The automobile, textile and engineering industries, among others, depend primarily on outstation employees for working their plants. “Such workers […]
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Mumbai: How many borrowers will use the moratorium on loans? It’s a key question that many banks are grappling with. Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of India’s measures to soften the blow from Covid-19 could […]