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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Homestay policy may be refurbished to offer incentives
homestay policy to ensure adequate incentives for hosts and aggregators, bring in transparent regulations and introduce measures to protect the interests of both tourists and homeowners.
The move will help formalise the informal sector and make it world-class as the government aims to develop India into the most preferred tourist destination with focus on niche tourism, eco-tourism and wellness tourism, said officials.
The revised policy could see fiscal incentives for homeowners and aggregators, a robust verification and monitoring mechanism and comprehensive standards with a bigger range of classification of homestays to enhance the overall experience, they said.
Besides, the Centre will maintain data for all recognised and certified homestays for the convenience of travellers. Homestays or bed-and-breakfasts in India are currently classified in the 'silver' and 'gold' category based on the services and infrastructure available.
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A senior government official told ET that NITI Aayog has undertaken a study on 'Unlocking Economic Potential of Homestays in India' which will recommend changes needed in the existing policy framework to help develop an ecosystem for homestays with focus on infrastructure creation and capacity building including those of skilled workers.
«The government is of the view that homestays have the potential to give a significant push to the local and regional economy and hence a greater policy and planning coherence is needed in the sector to scale it up to international
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
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Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
markets
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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