The Hotel Association of India (HAI), the apex body for hotels, has appealed to Prime Minister Shri Narendra Modi for immediate intervention to provide relief to the hospitality industry which is on the verge of collapse, HAI said in a statement on Wednesday. The lobby has sought intervention in five key areas. These include a one-time settlement of loans and extension of loan moratoriums till September 2021 and waiver of all statutory liabilities at Centre, State and municipal levels for the pandemic period. The increasing loan burden at a time of almost non-existent income may serve only to increase the NPAs of Banks and Moratorium will provide a breathing space to the already crippling industry, said the association. “Hospitality industry remains one of the most impacted sectors in the country and continues to struggle due to Covid restrictions and absence of financial reliefs from the government.”
This week was the Budget. Did it rock your world, and change your life? Or does life just go on as usual?
I know it’s terribly cynical of me, but after a y
Main points:• The big-ticket item was $3.3 billion for boosting benefits by up to $55 per week by April 2022• Health budget delivered $200m more for Pharma
Budget 2021: Māori to receive over $1 billion covering housing, health, reo initiatives
(Photo / NZ Herald)
Key points:
$380 million delivering about 1000 new homes for Māori including papakāinga housing, repairs to about 700 Māori-owned homes and expanding support services.
• $242.8m for Māori health initiatives, including setting up the new Māori Health Authority.
• $150m in Māori Education to support Māori boarding schools and lift kōhanga reo teachers pay.
• $42m to build a sustainable Māori media sector and invest in programme content.
• $15m for Māori tourism.
• $14.8m for the implementation of the Māori language strategy.