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Business Economy


FHRAI delegation demands uniform GST at 12pc for Hospitality Industry

FHRAI delegation demands uniform GST at 12pc for Hospitality Industry

New Delhi, Jun 1 (UNI) A delegation of The Federation of Hotels Restaurants Association of India (FHRAI), India’s apex body for Hotels & Restaurants, presented a representation to Union Finance Ministry officials on Wednesday, demanding uniform GST rates for Hospitality Industry. Highlighting that the proposal of 28 per cent GST slab will adversely impact the hospitality and tourism industry, the delegation requested the Government to relook at the present proposal and advocated a uniform Hospitality GST at 12 per cent across the country. The delegation further requested the Government to relook at the Luxury Tax limit of Rs. 5000/- and enhance it suitably as is followed in most of the countries. The World-over since, Rs. 5,000/- (USD 75) cannot be considered Luxury today. The service tax proposal under the new GST regime has been set at 28 per cent for Hotel tariffs above Rs. 5,000. “Federation of Hotels & Restaurant Association of India” (FHRAI) is the apex body of the Indian hospitality industry representing hotels, restaurants and associates, spanning the length and breadth of our vast country. UNI ADP SHK 2005

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New flight from Mysuru to belgaum flagged off

17 Jan 2020 | 11:04 PM

Mysuru, Jan 17(UNI) Much awaited new air connectivity between Mysuru-Belgavi was flagged off on Friday at Mandakli airport.

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MoU between NITI Aayog, Ladakh for development of infrastructure projects

MoU between NITI Aayog, Ladakh for development of infrastructure projects

17 Jan 2020 | 10:13 PM

New Delhi, Jan 17 (UNI) In an important initiative to promote the development of key infrastructure sectors in the newly constituted Union Territory of Ladakh, NITI Aayog and Ladakh entered into a memorandum of understanding (MoU) on Friday.
Under this MoU, NITI Aayog will be supporting the UT’s administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)’.

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Union IT Minister to inaugurate Centre of Excellence in Blockchain Technology in Bengaluru on Saturday

17 Jan 2020 | 9:08 PM

New Delhi, Jan 17 (UNI) To provide Blockchain as a service and allowing all stakeholders to benefit from shared learning, the National Informatics Centre (NIC) has set up the Centre of Excellence (CoE) for the same in Bengaluru that will be inaugurated on Saturday by Union Minister Communications and Electronics & Information Technology Ravi Shankar Prasad, an official release said here.

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Arcesium announces strategic investment from JP Morgan

17 Jan 2020 | 8:50 PM

Hyderabad, Jan 17 (UNI) Arcesium, an investment management technology and professional services firm, on Friday announced that J P Morgan has invested in the company.

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Bullion Market Closing Rates

17 Jan 2020 | 8:47 PM

Chennai, Jan 17(UNI) Following is the bullion markets
closing rate here today.

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