News

Federation of Associations in Indian Tourism & Hospitality (FAITH) shares with tourism minister revival plan

FAITH (Federation of Associations in Indian Tourism & Hospitality), along with all the member associations (ADTOI, ATOAI, FHRAI, HAI IATO, IHHA, ITTA, ICPB, TAAI, TAFI), had a crisis response meeting with the tourism minister and shared with him the following points to address the unprecedented crisis and prepare for a revival and readiness plan.

1. A 200% weighted exemption of expenses to corporates on all domestic conferences. 2. A six-to-nine months’ moratorium on all principle and interest payments on loans and overdrafts/deferment of GST and Advance Tax Payments at the Central Government level and removal of fees for any upcoming licences/permits renewal/ excise exemption for liquor for the hospitality and travel industry across the states. 
3. A complete GST Tax Holiday for the Tourism, Travel & Hospitality Industry for the next twelve months till the time the recovery happens.
4. Restoration of the SEIS scrips for duty credit of 10% to Tourism, Travel & Hospitality industry.
5. Relaxation in the MDA terms.
6. A national tourism task force of the Centre and the State, which meets regularly and develops the revival plan and fast tracks investment approvals.
7. An advisory to airlines to not levy cancellation fees/ issue full refunds or issue credit notes.
8. Usage of the MNREGA funds to support salaries of employees in the Tourism, Travel & Hospitality industry till the time revival happens.
9. Fast track all GST refunds for the industry wherever they are getting stuck.
10. 300-basis point interest rate reduction and immediate transmission to the industry on term loans and working capital loans.
11. The proposed TCS on travel in Finance Bill 2020 not to be introduced.
12. Automatic increase in working capital limits by 50%.
13. Removal of X-Visa requirement for peaks.
14. Help from the Minister in taking a FAITH delegation for meeting with the Prime Minister

Related posts

Vivaah at Novotel – meticulously crafted for new age virtual weddings

Weddings are considered as the one of the most important days in one’s life. Marriages are a special time for celebrations, and these are the moments that become precious memories. India is known for its grand wedding ceremonies and to make it more special and exclusive; Novotel has introduced Vivaah at Novotel.

Rishi Neoge appointed as new Group General Manager at The Sai Leela Group

Rishi Neoge has been appointed as Group General Manager at The Sai Leela Group. In this new role he will be responsible…

Cygnett Hotels and Resorts is set to expand with 4 new properties across North India

Cygnett Hotels and Resorts announced that they are further expanding the brand to include 4 new properties in North India

Thomas Abraham joins vibrant Hyatt Regency Pune as the new General Manager

Hyatt Regency Pune & Residences is pleased to announce the appointment of Thomas Abraham as General Manager, in addition to his role of…

Attractive Ramada by Wyndham Jaisalmer Barmer Road set to open in 2021

With the new signing of Ramada by Wyndham Jaisalmer Barmer Road, JAH Developers Private Ltd, the New Delhi based real estate company…

Shobhit Sawhney appointed new General Manager of the luxurious Park Hyatt Hyderabad

Shobhit Sawhney has been appointed the new General Manager of Park Hyatt Hyderabad

Dev Thakur appointed as the new Director F&B, Sayaji Hotel Indore

Dev Thakur has been appointed as the Director of Food & Beverage at Sayaji Hotel Indore. He comes with over 15+ years…

Ruth Dolla: Get your fix of Nature travel and freedom to roam the great outdoors

Ruth Dolla, Manager – India, Visit Sweden AB speaks with Today’s Traveller on how Visit Sweden satisfies the need for nature travel and its initiatives in…

Kerrie Hannaford: The hospitality industry will remain dynamic but will now be extra cautious, agile and innovative

Kerrie Hannaford, Vice President Commercial, India and South Asia speaks with Today’s Traveller on how thinking out of the box and exploring…

The Connaught - a new opening announced by IHCL

The Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the opening of The Connaught, New Delhi. The Connaught presents a unique…