The three measures proposed for protecting the industry includes: Waiver or compensation for Fixed Statutory Liabilities, Direct Benefit Transfer of Basic Pay and Credit of SEIS dues for 2019-20
Federation of Associations in Indian Tourism & Hospitality (FAITH)
Posted inBusiness
FAITH suggests necessary tweaks on the proposed ECLGS 3.0 scheme
The proposed changes include Borrower Status, Calculation of Outstandings and Moratorium on Interest to enable drawdown under the scheme
Posted inOperations
Rajiv Mehra to helm FAITH as Secretary
Subhash Goyal recently resigned as the FAITH secretary, following which the IATO EC nominated Rajiv Mehra for the position
Posted inBusiness
Changing the industry’s status quo
Vikram Cotah, COO, GRT Hotels & Resorts hopes the hospitality sector gets an industry status in this Budget, so it can avail benefits including rebates in electricity charges as well as water and property taxes
Posted inBusiness
FAITH looks forward to a path breaking budget for tourism industry
FAITH has proposed the creation of a National Tourism Council of Chief Ministers headed by the PM along with Tourism Minister. As per FAITH’s recommendation, the council should be supported by a common industry status across the country for the complete tourism industry by putting it in the concurrent list.
Posted inBusiness
Needed: Bridge funding to bridge business losses
Till vaccination revives the travel and hospitality industry, a corpus can directly transfer fiscal benefits to help these companies sustain themselves
Posted inBusiness
FAITH India to virtually host India Tourism Mart (ITM)
The India Tourism Mart or the ITM 2021 virtual will also hope to showcase and be a curtain-raiser for the actual physical ITM to be held in September 2021 highlighting a tourism ready India once the vaccine is successfully deployed
Posted inBusiness
FAITH submits its pre-budget recommendations for the Indian Tourism, Travel & Hospitality Industry
The core vision laid our by FAITH is that of Tourism – Made in India. As per their vision, India should aim to become one of the most preferred Tourism destinations both for domestic and international tourists offering best in class tourism experiences, infrastructure & services and to enable Indian tourism entrepreneurs to create value for all their stakeholders.
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Posted inBusiness
Redirecting LTC funds is a vote of no confidence for travel sector, says FAITH
After almost 8 months of nil to now very limited tourism activity, festive season was one of the few demand drivers that the Indian tourism travel & hospitality industry was looking forward to and the industry was hoping for more tax based stimulus in the hands of all citizens to travel when spent against GST rated travel agents, hotels tour operators, tourist transporters & restaurants
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Posted inBusiness
Nakul Anand lays roadmap for revolutionizing the Indian tourism industry at the first virtual Tourism Vision Day
Terming tourism industry as the next growth driver for India, Anand highlighted that, “Alike the white revolution, the green revolution and the digital revolution, the time now, is for a Tourism revolution – leading to GDP growth, forex earnings and job creation.”