By Express press service BENGALURU: To help the hotel sector which has been affected by Covid, the state government has decided to give industry status to large hotels. Tourism Minister CP Yogeshwara said on Saturday that the move would also give a boost to the tourism sector. Smaller hotels, however, won’t get the tag. The […]
Month: February 2021
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 […]
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 […]