Tag Archives: Tourism industry

Indians spent close to approximately 10 billion on travel overseas in the first nine months of 2022–23, more than in any prior fiscal year, according to the Nangia Andersen LLP July Edition Report, titled Unlock the Potential: A look into Outbound Tourism.

Tourism is designated as an industry, and as such, it will benefit from government tariffs and levies in accordance with Industry norms. On Wednesday, Rajasthan Chief Minister Ashok Gehlot presented the state budget for the years 2022-23. According to him, the tourism and hospitality would be recognised as a separate industry in the state. The budget’s main focus was on jobs and healthcare.

Manoj Sinha, Lieutenant Governor, Jammu and Kashmir, has announced a Rs 3 crore relief package for people employed in the tourism industry, which has seen severe impact by the second wave of Covid-19. “In this package, Rs 2,000 financial assistance will be provided to 4,444 registered ‘shikara’ owners, 1,370 tourist guides, 6,663 ‘ponywalas’ and 2,150 others, including those who rent palanquins for yatris. The money will be paid for two months. The relief will be transferred to only those who are registered with the tourism department,” revealed an official of the tourism department.

Subhash Goyal, Secretary General, FAITH, has revealed that in the wake of the impact of COVID-19 outbreak on travel and tourism industry, they will be approaching Ministry of Tourism (MOT) and urge them to use their unutilised funds for immediate relief of the industry. “2020 should be declared a tourism draught year because we are sure that in the entire year, tourism is not going to be revived. All the airlines would remain grounded, and we know that all visas have been cancelled. Hence, our revenues have totally dried up. We had a meeting through video conferencing of the FAITH board members, which consists of all the presidents of all the associations, and it has unanimously decided to approach our parent ministry—MOT—to utilise its unutilised funds of the MOT for immediate relief for the tour operators, travel agents and particularly the small and medium operators. We do not have money to pay the salaries and the various statutory obligation. Hence, it is very important that at least Rs. 1,500 crores from the old budget of the tourism ministry and the new budget should be given as immediate relief. The TCS, which has been extended at the moratorium of loans and interest, should be extended for at least one year and TCS should be completely scrapped because it will kill the outbound tourism of the country.”