FAITH Proposes Recommendations to Budget 2023-24

FAITH has initiated discussions with the tourism ministry for their submission on Inputs to Union Budget 2023-24 to the Finance Minister.

To have a balanced growth of all verticals of tourism, travel & hospitality, FAITH has prioritised top 10 for the tourism sector. These are recognising tourism’s export status, granting infrastructure status, having a robust forex earnings incentives scheme, creating a domestic travel tax credit policy, putting tourism in concurrent list, setting up a natural & cultural heritage restoration fund, developing a national seamless tourist transportation policy, enhancing the corpus for global tourism branding, creating an underwriting fund for travel agents & tour operators & abolishing TCS.