Disappointing for tourism, but good for infrastructure: FAITH

Sharing his views on the Union Budget, Subhash Goyal, Secretary General, FAITH, said, “As far as the Budget is concerned, there are very few things for tourism in it. One thing for the industry is inland waterways, which can also be used for tourism and second is development of iconic sites. Thirdly, the Government has again focused on aviation as well as on tax reduction for SMEs. However, overall there is no indication of any relief. The GST council might do something later, but nothing has been done for taxation on tourism to be five per cent and exemption on foreign exchange earnings. Overall, we are a little disappointed with the Budget. We still have to read the fine print, although from what we have seen, there are certain things regarding water and infrastructure, which are good. If they give infrastructure status to hotels and tour operators, it will be very good. What I don’t understand is to create employment, and the industry which gives the largest employment has not been given anything.”