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Published on : Thursday, February 11, 2021
Under major threat for not giving that importance to the big tourism and hospitality industry, employing over 80 million people, the government has taken on economic think-tank NCAER to carry out a assessment on financial losses for households associated with tourism and suggested ways for their revival. A senior government official informed DH that as the restrictions related to travel have yet not been completely raised, the sector can start functioning in a good way only social distancing norms are at a bay. The government is all prepared to extend help to the sector monetarily and by changing policies. The situation is still evolving.
To quote the official, “The budget allocation at this juncture when many countries have imposed travel restrictions would not have helped much. We are mindful of the crisis and help will come at the right time.”
The Centre has reduced the budgetary distribution for the Ministry of Tourism by 19% from Rs. 2,500 crore in 2020-21 to Rs. 2,026 crore in 2021-22.
For the development of tourism infrastructure, the budget has distributed Rs. 1,088.03 crore for the financial year 2021-22 as compared to Rs. 1,655 crore last fiscal. The government data pinpoints the fact that a jaw-dropping 93% decline in arrivals of foreign tourists in 2020 as compared to a year-ago period. The travel and hospitality is fighting a tough battle, century’s worst crisis due to the Covid-19 pandemic.
Tags: indian government