Budget 2025: NRAI seeks industry status, subsidies for food services sector

Q: How long will it take to read this news story?

The story "Budget 2025: NRAI seeks industry status, subsidies for food services sector" has 513 words across 14 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Budget 2025: NRAI seeks industry status, subsidies for food services sector" was covered 20 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 307 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24974972</li><li>URL: https://beamstart.com/news/budget-2025-nrai-seeks-industry-17363410336884</li></ul>

Business Standard Logo Business Standard 20h ago

Budget 2025: NRAI seeks industry status, subsidies for food services sector - Business Standard

Quick Summary:

National Restaurant Association of India (NRAI) on Wednesday asked the government to grant industry status to the food services sector while seeking an equitable and fair e-commerce policy to provide a level-playing field to protect restaurants, delivery partners and consumers from potentially exploitative practices of platforms.

In its pre-Budget recommendations, National Restaurant Association of India (NRAI) said restaurants should be allowed to operate for longer hours, and also sought targeted subsidy schemes and access to debt financing for SMEs.

NRAI said the industry is expected to reach Rs 7,76,511 crore and grow at an 8.1 per cent CAGR by 2028, making it the third-largest food services market globally.