Tag Archives: 500

The policy proposes a cap in fare of Rs. 2,500 for one-hour flights as the government plans an ecosystem that will lead to an increase in air travel by making it affordable. A cap of Rs 1300 is also put on 30 minute flights. According to the new policy, the centre will refund 80 per cent of the losses incurred by airlines due to the cap in fare on such routes. The policy has a slew of passenger friendly measures, offering respite to frequent flyers. The new policy comes after the tourism secretary had promised last month that the new policy will address issues of regional connectivity aggressively and in a fulfilling manner.

In a bid to simplify tax regime, Delhi Government has announced increase in threshold limit of Luxury Tax from existing Rs 750 to Rs 1,500. “This will reduce tax burden on citizens and tourists and make it easy for small hotels to do business,” said Delhi Deputy Chief Minister and Finance Minister Manish Sisodia. The government has decided to introduce self declaration in Luxury Tax. Assessment of all hotels is compulsory and will be done on random basis. The revenue collection from Luxury Tax has seen an increase of 36.7 per cent. As against last year’s Rs 322 crore of revenue from Luxury Tax, this year will exceed Rs 440 crore is estimated to be collected. Last year, the government had enhanced Luxury Tax from 10 per cent to 15 per cent for all applicable establishment.