Wednesday, Sep 22 2021 | Time 14:57 Hrs(IST)
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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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Grundfos inks pact to acquire US water tech firm MECO

22 Sep 2021 | 2:07 PM

(REPEATING WITH CORRECT FILE NUMBER)
Chennai, Sep 22 (UNI) Grundfos, a global leader in advanced pump solutions and
water technologies, today announced that it had entered into an agreement to acquire
the US-based Mechanical Equipment Company, Inc. (MECO).

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Zee Entertainment stocks soar post merger deal with Sony Pictures

Zee Entertainment stocks soar post merger deal with Sony Pictures

22 Sep 2021 | 1:54 PM

Mumbai, Sep 22 (UNI) Zee Entertainment stocks soared on merger deal with Sony Pictures on Wednesday.

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Mrs Anandi Ramalingam, BEL CMD, win PRCI’s ‘Chanakya Award’ for Good Governance

22 Sep 2021 | 1:53 PM

Bengaluru, Sep 22 (UNI) Mrs Anandi Ramalingam, Chairman & Managing Director of Navratna Defence PSU Bharat Electronics Limited (BEL), has received the Public Relations Council of India (PRCI)’s ‘Chanakya Award’ for Good Governance. BEL received as many as 15 awards instituted by the PRCI for excellence in Communication, Media Relations, Branding, Human Resource Management during COVID-19, etc, at the 11th PRCI Excellence Awards 2021, held in Goa .

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Trejhara wins order from one of the largest logistics firms worth USD3 5 mn

22 Sep 2021 | 1:52 PM

Mumbai, Sep 22 (UNI) Trejhara on Wednesday said has win a order from one of the largest logistics firms, having global presence, for the delivery and implementation of the product upgrade and technology support in relation thereto.

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Ramkrishna Forgings bags order worth Rs 650 million in Mining & Earthmoving segment

22 Sep 2021 | 1:51 PM

Mumbai, Sep 22 (UNI) Ramkrishna Forgings one of the leading suppliers of rolled, forged and machined products has won a non-auto segment order worth Rs 650 million for supply of mining and earthmoving components from an Indian arm of Hitachi.

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