ASSOCIATION OF HOSPITALS OF EASTERN INDIA
Budget 2024: Hospitality players seek infra status for hotels
Advocates from the hospitality industry are urging the government in the upcoming Union Budget to classify hotels as infrastructure to enhance investment appeal and move away from luxury or 'sin' goods labels. They seek incentives like tax breaks for eco-friendly practices, highlighting tourism's potential for GDP growth and job creation.
Infrastructure status: Hotel companies' budget wish
The hospitality industry is advocating for infrastructure status in the upcoming budget to access better financing options and attract investment. There is a growing need for more hotel rooms to support the ambitious tourism targets set for the future.
Hotel Association of India seeks infrastructure status for hotels ahead of budget
The hospitality industry is advocating for infrastructure status for hotels ahead of the budget, highlighting the importance of access to finance and investment opportunities. With a focus on job creation and industry growth, government officials are considering expanding the harmonized list of infrastructure to support the sector's development. Stay updated for potential updates in the upcoming budget.
Feeling 'been there, donor that?' Lessons on CSR longevity from Tata Education Trusts
Tata Education Trusts resumed grants to TISS, addressing issues like dependency and self-sufficiency. With examples like Stanford University's shift to diverse funding, the need for smooth donor transitions is crucial. ₹15,600 cr in CSR funds highlights the importance of execution capabilities and accountability in ensuring effective impact engagement in the social sector.
LK Advani admitted to hospital again days after being discharged from AIIMS
Veteran BJP leader Lal Krishna Advani was admitted to the Apollo Hospital on Wednesday night, sources said. This comes days after the 96-year-old former deputy prime minister was discharged from the All India Institute of Medical Sciences (AIIMS) after a night-long stay there.
Brutal heatwave: Death toll climbs to 143, actual numbers could be high
The Indian health ministry has reported 143 recorded deaths and 41,789 people suffering from suspected heatstroke between March 1 and June 20 this year. However, the heatwave toll is expected to be higher due to the lack of updated data from states and health facilities uploading data on heatwave casualties. Union Health Minister J P Nadda has directed officials to visit central hospitals to assess the number of deaths due to heatstroke and to set up special heatwave units in all central government hospitals.
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Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee Healthcare
Fortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiary of Jaypee Infratech in Noida with a total debt of about Rs 1,000 crore.
Bankruptcy court admits ICICI Bank's insolvency resolution plea against Jaiprakash Associates
Admission affects deal with Dalmia Bharat Group for Rs 5,666 crore. Case represented at NCLT.
Indians give eateries cold shoulder amid head-spinning heat
Extreme heatwave conditions across India have significantly impacted restaurants, pubs, and bars, leading to a sharp decline in sales and footfalls, with some outlets reporting up to a 40% decrease. Al fresco dining and high street locations are worst affected, especially during lunch hours, which are seeing a notable drop in business. The heatwave, with temperatures exceeding 50 degrees Celsius in some places, has led people to avoid outdoor dining, impacting sales till about 6 pm.
India arrested four Lankan ISIS suspects not 'religious extremists': SL Defense secretary
Sri Lankan nationals arrested in India for alleged links with ISIS are described by the Sri Lankan government as drug addicts, not religious extremists.
Extreme Heatwave: How Delhi Zoo and Wildlife SOS are safeguarding animals
Delhi is experiencing a severe heatwave with temperatures soaring to 52°C. The Delhi Zoo and Wildlife SOS are actively implementing measures to protect animals from the extreme heat. These include installing coolers and sprinklers and enhancing diets. Despite these efforts, many animals, particularly birds, continue to suffer, prompting free treatment initiatives by the Charity Bird Hospital in Chandni Chowk. The situation underscores the need for ongoing and intensified efforts to safeguard urban wildlife from extreme weather.
Health insurance claim rule change: Cashless claims must be cleared in 3 hours; insurer to pay hospital charges for delay in discharge, says IRDAI
Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now, insurers have three hours to approve cashless discharge requests. Additionally, insurers will be liable for extra hospital charges due to delays.
Basmati rice export prices plummet below government MEP, global buyers stay away
Export price of basmati rice falls below government-fixed minimum export price, impacting global buyers and domestic prices. Concerns arise over MEP changes, basmati trade competitiveness, and price pressure. Monsoon and La Niña forecasts influence basmati production, while India's rainfall patterns and consumption trends play significant roles.
Cyclone Remal: Depression to weaken over eastern Assam
The India Meteorological Department has forecasted Cyclone Remal to weaken into a low-pressure area over eastern Assam by Tuesday evening. The cyclone wreaked havoc in various districts, leading to at least 15 deaths, several injuries, infrastructure damage, and disruptions like road closures and fallen trees. Rescue and response teams are actively working to address the aftermath of the storm.
Temperature surges, so does summer travel this year
According to MakeMyTrip's summer travel trends, the family travel segment has grown by 20% this year, as compared to the summer of 2023, while solo travel grew by 10% over last year's numbers. In terms of most booked holiday packages this summer, destinations with cool mountain terrains are the top picks with Himachal Pradesh, Kashmir, Goa, Kerala and the North East emerging as most sought after places.
Don’t pop that pill daily: Doctors red-flag proton pump inhibitors used to treat acid reflux, heartburns
The reason for the popularity of PPIs among doctors and patients is not tough to gauge. With unhealthy lifestyles and dietary habits, acidity is common among Indians. While many brands of PPIs are sold almost over-the-counter, Pan, Pantop, Omez and Rablet fly off the chemist’s shelves. Doctors warn that overuse of these drugs can have a slow and debilitating impact.
Restaurants in Mumbai to give 20% 'Democracy Discount' to voters on May 20 & 21
Mumbai introduced a 20% discount for local voters on May 20-21 through the Democracy Discount initiative by NRAI Mumbai Chapter, encouraging voting participation.
RIL gears up to host India house at Olympics
Reliance Foundation and IOA to host India House at Paris Olympics 2024, showcasing Indian culture and serving as a 'home away from home' for athletes and families. The initiative highlights India's history and aspirations in the realm of sports.
Indian Navy to hold maritime exercise with Singapore Navy to enhance operability
"We look forward to further enhancing our operability and understanding of each other's operational philosophy and also increasing the competency of our bilateral exercise in keeping with the times that we are witnessing," said Flag Officer Commanding Eastern Fleet Read Admiral Rajesh Dhankhar.
Indian envoy underscores India's special relationship with Sri Lanka's Eastern Province
During a visit last week,Santosh Jha, India's High Commissioner in Sri Lanka, highlighted the multi-sectoral grant assistance package consisting of 33 different projects throughout the province in diverse areas as well as ongoing discussions between the two governments to collaborate for the comprehensive development of Trincomalee, an official statement said.
Relais & Châteaux president says the hospitality association should have a wider presence in India
Relais & Châteaux plans to expand in India due to high trip spend. President Gardinier studies properties fitting association's DNA. Emphasis on local design and gastronomy. Top source markets are US, France, UK.
Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.
Manipal Hospitals scouts for aggressive growth: MD
Manipal Hospitals, India's largest hospital chain with 10,500 beds, considers its current figure of beds "insignificant" in the country's context and is actively seeking acquisitions. They recently signed an agreement to acquire an 87% stake in Kolkata-based Medica Synergie for about Rs 1,400 crore, aiming to become the largest hospital chain in India. Manipal plans to expand in the eastern region and other locations like Kerala, Vizag, and Hyderabad.
Health an orphan, Ayushman Bharat insurance scheme poorly structured: IMA chief Dr R V Asokan
The Indian Medical Association's chief, Dr. R V Asokan, criticizes the lack of focus on health post-Covid, describing it as an "orphan" issue. He highlights the inadequacies of the Ayushman Bharat scheme, citing poor structure and funding. Asokan advocates for increased government investment in public health infrastructure and human resources, emphasizing the need for a basic healthcare package for all citizens.
Manipal Hospitals to acquire Kolkata's Medica Synergie
Manipal Hospitals has acquired an 87% stake in Kolkata-based Medica Synergie, a subsidiary of Singapore's Temasek Holdings. The deal, valued at Rs1200 crore, is part of Manipal Hospitals' strategy to expand its presence in Eastern India. The acquisition comes after Sheares Health, the healthcare platform owned by Singapore's Temasek Holdings, acquired an additional 41% stake from existing investors and the promoter family for Rs16,500 crore.
Cricket tourism and hospitality takes off in the US
Founded by an Indian-American couple from Bihar, Florida-based Cricketbuster is trying to capture this "cricket mania" among the Indian-American population and those from the cricket-playing nations by offering them customisable travel packages that include official match tickets, hotels, flights, cruises and many other attractions for international cricket tournaments and the all-important T20 leagues all across the world.
North Eastern Tea Association urges Assam govt to engage cricketer Dhoni as brand ambassador of Assam tea
North Eastern Tea Association (NETA) advocates M S Dhoni as Assam tea ambassador. The 21st Biennial General Meeting (BGM) of NET was held at Guwahati recently. Chairman of NETA Kamal Jalan, during his speech stated, “In a liberalised globalised economy we feel there is no need for Government to issue a notification to compulsorily sell certain percentage of tea through public auction. The Government should not try to regulate one segment of the trade (in this case, it is the tea producers) where Govt has no control on the market forces. "
SC whip on hospitals: If everybody sits together, a proper costing template can be done within a month's time: IMA Hospital Board
Dr AK Ravikumar urges stakeholder involvement before Supreme Court's order on standardizing hospital costs. A committee should be formed to develop a validated template for accurate cost calculation, considering varied hospital standards and components. Timeline for completion can be within a month with collaborative efforts. There are two components in the template. One is the fixed component and another one is the variable component.
Tourism, hospitality sector expected to create 50 mn jobs in 5-7 yrs: HAI
Earlier in the day, India's G20 Sherpa Amitabh Kant had asked the hospitality and tourism sector players to tell politicians about the creation of 25 million jobs by 2030 while seeking their help for the demand of industry and infrastructure status.
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