Tag Archives: Vice Chairman

Death knell for tourism

Expressing disappointment over the General Budget 2016-17, Sarabjit Singh, Vice Chairman, FAITH, said, “It is disappointing to see that the Union Budget has overlooked the suggestions made by tourism and hospitality sector. The Government has looked at debt and dying sectors and it seems tourism industry will be considered only when the sector is dead. This sector  has been dying for the last one year and the Government’s negligence shows that it is not an important sector. The benefits given to the start up companies shows that we, the tour operators/travel agencies may have to wind up their businesses and set up new companies to avail benefits of the start-up sector if we need any kind of government support to grow the revenue from tourism. During the last one year, the industry has met all concerned in the Government policies and most of them have agreed that tourism needs extra flip and support like Export Sector in order to increase revenue in foreign exchange, but seems all efforts gone down the drain. Tourism export is the only segment where all State & Central Taxes are imposed.”

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