Friday, June 15, 2012

Hotels' apex body asks government to remove infrastructure riders

............."Infrastructure status to hospitality industry under the RBI's infrastructure lending list would mean bank loan repayment periods will be extended to 10 -15 years and the interest rate would settle around 3-4% which would translate into lower input costs. If the interest burdens are reduced, tariffs may come down by 2-3%," .......................

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