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Showing posts from December 19, 2007

NEWS| Not Just Paranthas heads for London and Melbourne

Not Just Paranthas (NJP), the Delhi (jobs) -based restaurant (jobs) chain plans to introduce its brand in the international market with cities such as London (jobs) and Melbourne (jobs) under consideration for the same. While the restaurant in London will adopt a franchise module, the Melbourne (jobs) restaurant will be a joint venture-cum-partnership.

Plans are also in progress to expand the chain’s base in India. The initial phase of expansion will focus on Bangalore (jobs) , Gurgaon (jobs)and Mumbai (jobs)

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NEWS| HAI demands infrastructure status for hotel industry

The Hotel Association of India (HAI) has demanded that the government should change its step-motherly attitude towards them and bestow infrastructure status to them under section 80 I/A of the Income Tax Act, 1961.

A delegation of the Hotel Association of India (HAI) met the Member Revenue Board of the Ministry of Finance in New Delhi, recently, and submitted a pre-budget memorandum, containing demands of the Indian hotel industry. If accorded, the infrastructure status will enable them to accelerate the pace of construction of more hotel rooms.

The memorandum also insists on extension of all benefits and concessions, currently available to other sectors like airports, seaports, power projects and gas distribution networks, to the hotel industry. Among other major demands, the HAI memorandum wants section 32 of the IT Act to be amended, to promote restoration of depreciation allowance to the pre-2002 level of 20 per cent. The government had scaled down the depreciation allowance of hote…