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Showing posts from September 18, 2019

Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more

From rationalising GST rates for 5-star hotels to FDI in coal mining, here are the top 10 business headlines on Wednesday GST Council may rationalise rates for five-star hotels in Friday meeting The Goods and Services Tax (GST) Council is likely rationalise rates for five-star hotels in its meeting on Friday, holding out hopes for a boost to the tourism industry. The fitment panel, comprising Central and state officials, recommended a rate cut for outdoor catering and rate rationalisation for match sticks in its final agenda circulated to the council members. Rail coach making gets a hand from robots; MCF beats expectations In 2018-19, when Modern Coach Factory (MCF) at Raebareli manufactured about 1,500 rail coaches against a capacity of a mere 1,000, it surprised many. Apart from its human workforce, 44 robots are also being credited for this stupendous success. Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. Bain, TP…