By Anu Sharma Feb 1, 2022 8:45:34 PM IST (Updated)
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 Union Budget completely ignored the plight of the tourism sector, the Indian Association of Tour Operators has said. The association is hopeful that the government would consider some substantial relief in the supplementary demands.
The Union Budget presented by Finance Minister Nirmala Sitharaman has completely ignored the plight of the tourism sector, the Indian Association of Tour Operators has said.
"IATO expresses deep sense of despair on the FM completely ignoring in her budget speech the plight of the tourism sector and not announcing any sop for the sector when it has borne the maximum brunt of pandemic," the association said today.
While Sitharaman had acknowledged in her Budget Speech that the hospitality and related services are yet to regain their pre-pandemic level of business, the emergency credit-linked guarantee scheme had provided additional credit to more than 130 lakh MSMEs and has helped them mitigate the adverse impact of the pandemic.