Industry status

Karnataka gives industry status to hotels in the tourism sector

The state government has decided to grant industry status to the hospitality industry, Tourism Minister CP Yogeeshwara said on Saturday. Thus, hotels in the tourism sector will benefit from subsidies and taxes applicable to industries. Previously, hotels were seen as commercial establishments and not as industrial units. Yogeeshwara said the Cabinet-approved move would boost the […]

Industry status

Status of the industry, tax breaks; this is what the real estate industry expects from FM Nirmala Sitharaman

While 2020 started off as a year with the real estate sector witnessing a myriad of problems, even before the pandemic and the lockdowns that followed, the sector saw a decline in performance. Fast forward eight months from the date of the announcement of the first foreclosure in March, the real estate sector is one […]