Electric Equipment Sector Seeks Govt's Intervention For Relief Against Dues
The electric equipment industry has sought the government’s intervention for relief against pending dues and imminent slowdown. The industry claims it has pending dues of Rs 15,000 crore, mostly from state government departments and is apprehensive that it will increase as economic activity slows because of COVID-19.
.is the representative body for the industry.
Business Standardhas reviewed the letter. It said the electrical industry is heading towards a slowdown.
IEEMArepresents makers of transformers, transmission towers, meters, cables, wires and several industry scale and consumer electric and electronic products. Most of the projects relating to strengthening of power distribution systems, installing of meters, new transmission projects would now be on hold.
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more