FAITH has suggested to initiate the process of undertaking a review and rationalisation of GST applicable across different aspects of the Indian tourism, travel & hospitality industry
FAITH
Posted inBusiness
All tourism, travel & hospitality staff in India should be dedicated as frontline Covid warriors for vaccination: FAITH
FAITH has requested that this agenda should be taken up with the PMO and health ministry and for advice to all state governments accordingly.
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Stimulating growth
A special stimulus package for the hospitality sector will go a long way in helping hoteliers overcome the financial challenges they are currently battling
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FAITH urges government to set up a targeted Tourism transition corpus
Faith has requested till then a bridge fund targeted at the tourism sector be set up to enable tourism travel and hospitality companies to draw down from this corpus set up by MOF on a direct benefit transfer basis on an interest free which they can utilise to repay their salaries and operating costs till vaccine is fully deployed.
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Coronavirus Impact: FAITH, nodal agency for tourism seeks PM Modi’s help for exemptions
Anand highlighted that, “around 70% out of a total estimated workforce of 5.5 crores (direct and indirect) could get unemployed (~ 3.8 crores)