Till vaccination revives the travel and hospitality industry, a corpus can directly transfer fiscal benefits to help these companies sustain themselves
‘Targeted Tourism Transition Corpus’
Posted inBusiness
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.