Home / Economy / News / Restaurants urge FM for support as job losses across 500,000 outlets loom

Restaurants urge FM for support as job losses across 500,000 outlets loom

National Restaurant Association seeks tax credits, low-cost finance in a half-hour video conference call with Sitharaman

Several restaurants offer great world cuisines

Premium

The NRAI also appealed for the government to restore input tax credit for GS for the sector | representative image

3 min read Last Updated : May 23 2020 | 2:32 AM IST

Restaurateurs on Thursday demanded restoration of input-tax credit, low-interest finance, and other measures, during a videoconference meeting with Finance Minister Nirmala Sitharaman on issues impacting the sector due to the lockdown.

The National Restaurant Association of India (NRAI) claimed the lockdown was not only choking their revenue stream but would also lead to massive job losses in the sector.

NRAI President Anurag Katriar said the discussion that lasted half an hour zeroed in on policy and liquidity support needed to revive the industry. “The finance minister suggested we address coronavirus issues more urgently, and look at larger policy issues at

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in