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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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FM rolls back enhanced surcharge on foreign investors; auto, home loans cheaper sector

23 Aug 2019 | 10:28 PM

New Delhi, Aug 23 (UNI) Stressing that reform is on top of the Narendra Modi-led government’s agenda, Union Finance Minister Nirmala Sitharaman on Friday announced a slew of measures in an attempt to give a fillip to the economy.

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Govt's package to revive economy eyewash: AIBEA

23 Aug 2019 | 10:10 PM

Aurangabad, Maharashtra, Aug 23 (UNI) General Secretary of Maharashtra State Bank employees Federation and Joint Secretary of AIBEA Devidas Tuljapurkar said on Friday that measures announced by Finance Minister Nirmala Sitharaman to revive economy is nothing but reiterating existing policy framework which banks are already implementing.

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Interactive meet on “Code on Wages 2019” held at FTCCI in Telangana

23 Aug 2019 | 9:36 PM

Hyderabad , Aug 23 (UNI) Experts and academician from Industry and the Government welcomed the new initiative 'The Code on Wages 2019' which would help to ease doing business besides improving efficiency, at an interactive meet held at Federation of Telangana Chambers of Commerce and Industry( FTCCI ), here on Friday.

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Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

23 Aug 2019 | 9:35 PM

Mumbai, Aug 23 (UNI) A day after the Bombay High Court nullified the attachment of 63 Moons Technologies’ bank accounts and properties worth Rs 8,500 crore, company’s promoter Jignesh Shah on Friday said that the judgment was a “signature of God” in the current trend of developments.

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AirAsia offers 20 pc off on all filghts in Telangana

23 Aug 2019 | 9:22 PM

Hyderabad, Aug 23 (UNI) AirAsia, the most preferred low cost carrier on Friday announced a limited period discount of 20 per cent for all its guests on all seats, all flights and all destinations, an official statement said on Friday.

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