India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy. The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour. To counter this trend, restaurant operators have increa...
Disqualified Lakshadweep MP Mohammed Faizal has moved the Supreme Court against the Lok Sabha Secretariat for not withdrawing a notification disqualifying him as a Member of Parliament upon his conviction and 10-year sentence, which was later suspended by the Kerala High Court.
Faizal stood disqualified from the membership of Lok Sabha from January 11, the date of his conviction in an attempt to murder case by a sessions court in Kavaratti, according to a notification issued on January 13 by the Lok Sabha Secretariat.
In his petition filed in the top court through advocate K R Sasiprabhu, Faizal said the L S Secretariat failed to withdraw the notification despite the fact that his conviction was stayed by the high court on January 25.
"The petitioner is constrained to invoke the extraordinary jurisdiction of this court under Article 32 of the Constitution of India, against the unlawful inaction on the part of the respondent, Secretary General of the Lok Sabha Secretariat in not withdrawing the notification dated January 13, 2023, whereby the petitioner was disqualified from his membership of Parliament from the Lakshadweep parliamentary constituency," the plea said.
It further claimed that the respondent's inaction is in the "teeth of the settled law" that disqualification incurred by a Member of Parliament (MP) under section 8 of the Representation of the People Act, 1951, ceases to operate if the conviction is stayed by the appellate court under section 389 of the Code of Criminal Procedure.
"It is pertinent to note that the Election Commission, by taking note of the correct legal position, recalled the by-election press note dated January 18, 2023," it said.
The plea said the Lok Sabha Secretariat has not revoked the disqualification notification despite various representations and Faizal was denied participation in the Budget Session of the Parliament as well as the ongoing session.
The trial court had on January 11 convicted and sentenced him to 10 years imprisonment in the case.
Later, the high court stayed the conviction and the sentence imposed upon Faizal, who filed an appeal against the trial court verdict.
In January, the Union Territory (UT) of Lakshadweep moved the top court challenging the January 25 order of the high court which had suspended his conviction and sentence till the disposal of the appeal before it.
On February 20, the top court had issued notice to Faizal and others on the plea filed by Lakshadweep.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/aWhD9jc
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