WealthyTrails
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories
No Result
View All Result
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories
No Result
View All Result
WealthyTrails
No Result
View All Result
Home News Indian Stock Market and Business News

Hotels, restaurants to operate business on 24X7 basis in Delhi soon

12 months ago
in Indian Stock Market and Business News
Reading Time: 3 mins read
A A
0
Hotels, restaurants to operate business on 24X7 basis in Delhi soon
103
VIEWS
Share on FacebookShare on TwitterShare on linkedinShare on Whatsapp

New Delhi, Oct 9 (IANS) Starting next week, over 300 establishments ranging from hotels, restaurants, eateries to online delivery services of food, medicines, logistics and other essential commodities, transport and travel services, apart from KPOs and BPOs will be able to operate the business on a 24X7 basis in the national capital.

Delhi Lt. Governor V.K. Saxena has approved the proposal to exempt 314 such applications, some of them pending since 2016. The LG has directed that notification to this effect be issued within seven days.

The decision, providing exemption under Sections 14, 15 and 16 of the Delhi Shops & Establishment Act, 1954, is expected to boost employment generation and promote a positive and a favourable business environment along with also providing fillip to the much desired ‘night life’ in the city.

The exemptions under Sections 14, 15 & 16 of the said Act enables commercial establishments to operate on a 24X7 basis, subject to certain conditions that entails welfare of labour and security, etc.

Approving the proposal, the Lt. Governor took a very serious view and flagged issues of inordinate delay, adhocism, randomness and unjustified discretion on part of the Labour Department in disposing of the applications made by establishments for these exemptions.

“Out of total 346 pending applications, 18 applications of 2016, 26 applications of 2017, 83 applications of 2018, 25 applications of 2019, four applications of 2020 and 74 applications of 2021 had not been processed by the Labour Department on time. These applications were kept pending for no reason even as just two applications, one of 2017 and another of 2021 were processed and sent for approval, in a display of unexplained discretion on part of the Labour Department, which strongly indicated prevalence of corrupt practices,” said the L-G Secretariat official.

See also  Maharatna Steel Giant in Focus On Crossing Rs 1 Lakh Cr Turnover & Best Figures

The official added that “it shows a complete unprofessional attitude and lack of due diligence on the part of the Labour Department and amounted to the Department having adopted a ‘pick and choose policy’ in processing such applications. Such a system may also lead to corrupt practices. Further, inordinate delayed processing of such routine applications also negatively affects the confidence/sentiments of the business community at large”, the L-G noted while approving the proposal.

The L-G also pointed towards the fact that it took repeated observations and persuasion from the L-G Secretariat for the Labour Department to put in place a Digital Mechanism for receipt of applications. This, the L-G said, showed reluctance on part of the Labour Department in adopting simple technological interventions that improved the regulatory framework for ‘Ease of Doing Business’.

The L-G has strictly advised that such applications are disposed of within a prescribed timeline so that a conducive investor friendly business environment and positive confidence could be instilled in the entrepreneurs and business community of Delhi at large, said the official.

The L-G has also directed the Labour Department to ensure that such delays do not occur in future, a mechanism be developed for transparent and effective monitoring, reasons of pendency be ascertained, responsibility be fixed and suitable action be taken against the erring officials.

–IANS

avr/dpb



Source link

Previous Post

A shift in the Ukraine war | Start Here

Next Post

Arsenal vs Liverpool: English Premier League preview | News

Related Posts

Is UMA Converter Ltd. IPO worth considering?
Indian Stock Market and Business News

Is UMA Converter Ltd. IPO worth considering?

December 14, 2022
Positioning suggests ‘limited’ investor conviction behind recent rally
Indian Stock Market and Business News

Positioning suggests ‘limited’ investor conviction behind recent rally

December 6, 2022
In case you missed it, 6 big dividend hikes: Owens Corning raises by 49%
Indian Stock Market and Business News

In case you missed it, 6 big dividend hikes: Owens Corning raises by 49%

December 5, 2022
India’s external debt rose 8.2% in 2021-22 to $620 billion
Indian Stock Market and Business News

Aiming to engage with partner Customs organisations, DRI to hold RCEM

December 4, 2022
Next Post
Arsenal vs Liverpool: English Premier League preview | News

Arsenal vs Liverpool: English Premier League preview | News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Institute of Actuaries retires 4 Managing Council members, creates ‘constitutional crisis’

Institute of Actuaries retires 4 Managing Council members, creates ‘constitutional crisis’

September 11, 2022
COVID-19 and 17 May: Tax Day Considerations for Clients

COVID-19 and 17 May: Tax Day Considerations for Clients

September 17, 2022
OYO to bring onboard 600 new hotels & homes in South India by year-end

OYO to bring onboard 600 new hotels & homes in South India by year-end

September 5, 2022
Europe’s Energy Crunch Could Spark Flashbacks to the Eurozone Crisis

Europe’s Energy Crunch Could Spark Flashbacks to the Eurozone Crisis

September 9, 2022
Peloton Becomes Barry McCarthy’s Ride or Die

Peloton Becomes Barry McCarthy’s Ride or Die

3
Dollar Bulls to Remain in Control as Fed to Double Down on Hawkish Stance By Investing.com

Dollar Bulls to Remain in Control as Fed to Double Down on Hawkish Stance By Investing.com

2
Palestinians in Gaza protest towards wave of Israeli violence | Gaza News

Palestinians in Gaza protest towards wave of Israeli violence | Gaza News

2
Goldman Sachs Remains Bullish on Tesla After Meeting By Investing.com

Goldman Sachs Remains Bullish on Tesla After Meeting By Investing.com

1
Hindenburg Research: An Investment Research Firm Specializing in Short-Selling

Hindenburg Research: An Investment Research Firm Specializing in Short-Selling

February 1, 2023
Understanding Grey Market Premium (GMP) in IPOs – Busting Myths & Confusions

Understanding Grey Market Premium (GMP) in IPOs – Busting Myths & Confusions

January 31, 2023
Invest in these stocks to double down your returns in 2023

Companies Offering Over 300% Dividend in 2023 | Motilal Oswal, TVS Motors, Siemens, Accelya Solutions, Saregama

January 31, 2023
Infosys Buyback 2022 – Announcement, Date, Price, Details & More

Infosys Buyback 2022 – Announcement, Date, Price, Details & More

January 29, 2023

Web Stories

Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto
Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto
Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud
Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud
Investing in Bonds: Pros and Cons | Wealthy Trails
Investing in Bonds: Pros and Cons | Wealthy Trails
How IPOs in India Pumped & Dumped?
How IPOs in India Pumped & Dumped?
simple way to invest in 50 stocks at once
simple way to invest in 50 stocks at once
View all stories
WealthyTrails

© 2022 WealthyTrails.com

Navigate Site

  • About
  • Disclaimer
  • Privacy & Policy
  • Contact
  • Story Archives
  • Tags

Follow Us

No Result
View All Result
  • Home
  • IPO
    • Upcoming IPO 2023
    • IPO 2022
  • Trading Holidays 2023
  • Share Market Stories

© 2022 WealthyTrails.com

Top 5 Companies Devastated by Hindenburg Research | Nikola, SC Worx, Genius Brand, Ideanomic, Mullen Auto Adani Group Exposed: Report Reveals Decades-Long Stock Manipulation & Accounting Fraud Investing in Bonds: Pros and Cons | Wealthy Trails How IPOs in India Pumped & Dumped? simple way to invest in 50 stocks at once