BUDGET 2022: MIXED REACTION FROM TOURISM SECTOR

Budget 2022 ignored plight of tourism sector, says tour operator body IATO

Finance Minister Nirmala Sitharaman Tuesday presented the Union Budget 2022-23 in Parliament. Mr. Ronojoy Dutta, Whole Time Director and Chief Executive Officer, IndiGo commented on a statement to press that ” budget 2023 appears to be growth oriented by increase in capital outlay of INR 7.5 Lacs crores, fiscal deficit caped at 6.4% and efforts are being made to reduce compliance burdens and improve ease of doing business. We expect budget would enable India to achieve growth estimate of 9.2%. We welcome the new incentives of issuing of E passport and introduction of digital currency. ” Mr Dutta also added “The government’s relentless focus on national transportation infrastructure development with the PM Gatti Shakti plan will strengthen the much-needed multimodal connectivity and facilitate seamless movement of cargo, while reducing logistics costs. Having said that we were expecting tax concession to Aviation industry in the forms of cut in ATF excise duty and allocation of concessional finance to airlines to help us come out of the pandemic.”

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While Finance Minister Nirmala Sitharaman acknowledged in her Budget Speech that the hospitality and related services are yet to regain their pre-pandemic level of business, The Indian Association of Tour Operators have expressed their dissatsfaction over ‘ignorance’ of the plight of the tourism sector. The association is hopeful that the government would consider some substantial relief in the supplementary demands.