Second wave hightens hospitality sector woes | India Development Debate

After Hyatt Regency announced suspension of operations yesterday, the hotel employees have claimed that they have not been paid their dues for the past 2 months. Meanwhile, Asian Hotels, parent company of Hyatt, has stated that Yes Bank held all their payments since the hotel defaulted on debt payments due to the covid hit. Is Hyatt Regency only the first casualty in the hospitality sector? Is RBI support for the sector adequate? Tamanna Inamdar addresses all these questions and more on the India Development Debate tonight with Pradeep Shetty, Jt. Hon. Secretary, FHRAI, Ajay Awtaney, Founder, LiveFromALounge.com and Mythili Bhusnurmath, Consulting Editor, ET NOW Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com