Tourism sector seeks industry status again

The travel and tourism industry Thursday made a renewed pitch for 'industry status' in the upcoming budget, which will facilitate credit on lower interest rates for one the fastest growing service sectors.Industry representatives in the customary annual pre-budget session with finance minister Nirmala Sitharaman sought special incentives to promote lesser-known and emerging tourist destinations across the country.Sitharaman also met representatives of labour unions as a part of her pre-budget consultations.Industry also demanded that GST tax rates for restaurants which are part of the hotels that charge a tariff of ₹7500 or more per day be delinked from room tariffs.It pressed for simplification of visa policy, a single-window clearance system for hospitality projects, among others.

from Economic Times https://ift.tt/grhiwnj