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Ecostar Business > Articles by: Ecostar Editor Mag

Mega GST fraud caught

Delhi based Baan Ganga Impex is found to Have invoices from non-existing 48 entities creating a web of suppliers among themselves and passing on ITC to each other. It availed invoices worth Rs 685 crore from fake entities and managed to get refund of Rs 35 crore.

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Hospitality set to lose Rs 90k crore: Over-capacity to put pressure on price realisation

COVID-19 has left an unprecedented impact on the hotel sector in India. HVS ANAROCK anticipates the overall Indian hospitality sector, including organized, unorganized and semi-organized operators, to incur an estimated revenue loss of nearly Rs 90,000 crore in 2020. Occupancy and average daily rate (ADR) are expected to reach pre-COVID levels by 2022 and 2023 respectively, presuming that a vaccine is in place by early 2021 and becomes widely available before the year-end.

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Book Review

Nature creates nothing that is of no use, be it a material, cyclical change of climate, or thinking power of human beings. All human affairs are connected with nature in one or the other ways. Human beings produced nothing on the earth that is not an extraction from nature. The brainiest animals on the planet misconstrued nature either as a swathe of green bed or a rich orchard that fascinated their eyes. They forgot nature as an eternal source for everything for a sustainable life of every animal, plants, flora and fauna.

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Kerala`s socio-political crisis

Too many concerns about the future and the natives’ disappointment over every news that the media reports everyday cast a shadow over the “God’s own Country”. Gold smuggling, political killing, rising crime rates, presence of terrorists as intelligence’ warning indicated, etc. may stain the image of the tiny, but naturally beautiful State.

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