The industry body has also requested, "the government to raiseduty drawback under the SEIS ( Service Export India Scheme ) from 7 per cent to 10 per cent.Such a measure would go a long way in alleviating the liquidity problem as the sector currently has zero billing and this would help tour operators to survive",it added.
It has also soughtamendment in rules regarding granting of loans to micro, small, and medium enterprises(MSMEs) as presently only those who have established relationships with banks are being offered loans, IATO said.
The tourism industry is in dire straits and needs urgent relief from the government...The measures we have sought do not involve huge outgo from the government but if these relief can be given now, these can go a long way in providing succor to the stressed sectorfailing which many tour operators would shut down," IATO PresidentPronab Sarkar said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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