After Demonetization, Steps Taken by Government to Ensure That no Hardship is Faced by the Tourists

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Capital Market
Last Updated : Dec 29 2016 | 4:01 PM IST
After demonetization, the Government has taken a number of steps to ensure that no hardship is faced by the tourists and the industry is not affected. Archaeological Survey of India (ASI) smoothly transitioned to cashless mode of payment by simplifying process of e-tickets. Government efforts have paid dividend as there has been a notable growth in the comparative figures of Foreign Tourists Arrival (FTA), Foreign Exchange Earnings (FEEs) and online sale of e-tickets after demonetization. The figures for the same are as follows: Particulars November, 2015 November, 2016 Growth in PercentageFTA 8.16 Lakh 8.91 Lakh 9.3%FEE 11,431 Crore 14,474 Crore 14.4%

It can thus be observed that demonization did not have any impact on the Foreign Tourist Arrival and Foreign Exchange Earnings which have shown robust growth over the comparative period last year. It may also be noted that the number of e-tickets sold during 09-11-2016 to 08-12-2016 increase to 28,176 from 2807 during 09-10-2016 to 08-11-2016 with corresponding amount being Rs. 181.49 lakh and Rs. 3.10 lakh respectively. It can therefore be seen that sale of e-tickets and earnings from have increased significantly by 10 and 58 times respectively as people are buying tickets for ASI monuments online through cashless payments.

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First Published: Dec 29 2016 | 10:39 AM IST

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