The Himachal Pradesh government has approved interest subvention scheme on loan to revive the tourism industry, an official spokesperson said. Under the Interest Subvention Scheme, tourism units paying GST up to Rs 1 crore will be entitled for maximum loan of Rs 50 lakh and those paying GST between Rs 1 crore and Rs 3 crore for at least one year ending 31st March, 2020 will be entitled for loan up to Rs 75 lakh, he added. Units paying GST above Rs 3 crore will be eligible for loan of Rs 1 crore and small registered tourism units will also be eligible for maximum loan of Rs 15 lakh, he added. This loan period will be for four years with interest subvention of 50 per cent each for the first two years, he added. The cabinet in its meeting chaired by Chief Minister Jai Ram Thakur on Thursday also gave in principle approval to regularise the services of 6,500 PTA, 3,300 PAT and 97 PARA teachers engaged in various government schools, he added. The Cabinet gave its approval to enhanc
Geetanjali Krishna takes a stroll around Asia's largest slum and gets a hands-on cooking lesson
While countries like China and South Korea are imposing restrictions again, a lot of tourism-reliant economies are re-opening gradually
Prakriti Srivastava discusses a host of challenges faced by those who want to conserve wildlife
The recommendations suggest that blanket restrictions to free movement should be gradually replaced by "more targeted measures."
This places millions of livelihoods at risk and threatens to roll back progress made in advancing the Sustainable Development Goals
Tourism in Assam has been crippled and scores of people working for this sector are now facing the brunt as there is a nationwide lockdown to halt the spread of the deadly virus
A long queue snaked through the building, and many were told to come back another day.
Given the nature of cash transfer plans, the govt would need large revenues and may have turn a blind eye to the fiscal deficit
The coronavirus impact could render 3.8 crore people jobless, which is around 70 per cent of the total workforce in the tourism and hospitality sector, according to a grouping. The Federation of Associations in Indian Tourism & Hospitality (FAITH) also said there should be a support fund for twelve months to support basic salaries with "direct transfer" to the affected tourism employees. "As a result of this pandemic, Indian tourism industry is looking at pan India bankruptcies, closure of businesses and mass unemployment," FAITH said in a letter to Prime Minister Narendra Modi. It is believed that around 70 per cent out of a total 5.5 crore workforce could get unemployed, which is around 3.8 crore people. This effect of job losses and layoffs has already begun throughout the country, it added. The figure is for direct as well as indirect jobs. "A large percentage of total tourism business activity of India, which is estimated at USD 28 billion+ in forex and upwards of Rs 2 lakh .
The order applies to both Indian and European airlines and also those from West Asia which carry traffic via Dubai, Abu Dhabi or Doha
The tourist traffic in Uttar Pradesh has taken a severe blow following the outbreak of the Coronavirus pandemic.
Total earnings from tourism stood at Rs 45,010.69 crore, a 24.14% increase from 2018
Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited
Bookings for South-East Asia have hit a snag, and travel firms are bracing for further cancellations with the virus now having spread to Europe
The new law will be applicable to greenfield industrial projects under Information Technology, Tourism, MSME and Industries categories
Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target
Locals in Lisbon's historic Santa Maria Maior district say the fake drugs phenomenon is getting worse
The negative propaganda during the time of Nipah had cost the tourism industry dearly, the minister noted
The government announced it was handing out masks, and that the airport rail link would be disinfected