Travel Reveals

For the hotel and hospitality industry, the Union Budget proposes extending the Emergency Credit Line Guarantee Scheme (ECLGS) until March 2023. " Hospitality and related services, especially by micro and small businesses, have yet to regain their pre-pandemic levels.   Considering these aspects, the ECLGS will be extended up to March 2023 and its guarantee cover will be expanded by Rs 50,000 crore to total cover of Rs 5 lakh crore, with the additional amount being earmarked exclusively for the hospitality and related enterprises,” Finance Minister Nirmala Sitharaman, said in her Budget speech.   Under The Parvatmala Scheme, Eight Ropeway Projects With A Length Of 60 Km Will Be Awarded Contracts In 2022-23. National Ropeways Development Programme Will Be Undertaken On A PPP Basis As In Addition To Promoting Tourism, The Goal Is To Improve Connectivity A\Nd Convenience For Commuters. Ecologically Sustainable Alternative To Conventional Roads In Hilly Areas.   Congested Urban Areas

The Travel Agents Association of India (TAAI) has requested a 'One India One Tourism' approach, which includes the 'One Tax Structure' in the Union Budget to revive the pandemic-hit domestic travel, tourism and hospitality industries. In addition, the Association has been advocating for the inclusion of Aviation Turbine Fuel (ATF) in the GST program to make air travel "more viable" for all stakeholders, and also for the extension of the Emergency Credit Line Guarantee Scheme (ECLGS).  In the upcoming Budget, there will be several measures to support the entire travel tourism and hospitality sector, which will help it revive and survive, TAAI said in a statement on Saturday.  According to the Association, it is extremely critical for both the federal and state governments to work in tandem to facilitate this sector and encourage it to be placed on the concurrent list for Industry status to improve its structure. A TAAI study said governments should attempt to i