Against the backdrop of a high growth potential in Indian Travel & Tourism market, an organized tax structure is vital, claims Anil Parashar, President and CEO, InterGlobe Technology Quotient. He adds, “The implementation of the unified tax structure is a huge step towards preparing the nation that is expected to grow at $160.2 billion by 2026. Although, the industry presently has mixed reactions towards the introduction, going forward, this step would attract more industry growth as the GST has been planned according to the tax player’s capability. For example, GST Council reduced service tax on economy class from 6 to 5 per cent while increasing business class to 12 per cent from the current 9 per cent.”
Read More »ITQ’s Student of the Year 2017 kicks off
The Student of the Year contest, powered by InterGlobe Technology Quotient (ITQ), took place at Ibis New Delhi Aerocity in an attempt to hone budding talent from tourism institutes to launch dream careers for the best candidates. The final round of the contest was held amongst five finalists who presented on a tourism-related topic, and were judged by an esteemed panel consisting of Ashish Kumar, Managing Partner, Agnitio Consulting; Geeta Jain, CEO, Carlson Wagonlit Travel India; and Prof. (Dr) M Sajnani, Director – Tourism Management, Amity Institute of Travel and Tourism. Anil Parashar, President and CEO, ITQ, said, “The contest has been growing every year and this time, a total of 160 colleges participated in this out of which five reached the finals. Student of the Year aims to give the best talent from tourism universities a chance to acquire the ideal skill-set for a technology-first future, and is our way of ensuring a win-win situation for the student, as well at the industry. Elaborating on the same, Sandeep Dwivedi, Chief Financial Officer, ITQ, stated, “Our idea is to give students from the industry a platform to showcase their talent and fast-forward their career. This is our anvil event and since several of the participants are from different corners of the country, we would like to make it regional in the coming future so that more students get a chance to participate.” Also present on the occasion for the awards ceremony were Cristina Ionela Tarteata, Deputy Minister – Tourism, Government of Romania, along with His Excellency Radu Octavian Dobre, Chargé d’Affairs, Romanian Embassy in New Delhi, India.
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