{"id":3125,"date":"2022-02-01T11:40:32","date_gmt":"2022-02-01T11:40:32","guid":{"rendered":"https:\/\/hoteliersweb.com\/News\/?p=3125"},"modified":"2022-02-01T11:40:36","modified_gmt":"2022-02-01T11:40:36","slug":"mr-vishal-suri-managing-director-sotc-travel-on-the-union-budget-announced-earlier-today","status":"publish","type":"post","link":"https:\/\/hoteliersweb.com\/News\/articles\/3125","title":{"rendered":"Mr. Vishal Suri, Managing Director, SOTC Travel\u00a0on the Union Budget announced earlier today"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>The Union Budget 2022 presented by Hon\u2019ble Finance Minister provides the much needed positivity with focus on infrastructural development, digital enhancements, and healthcare. While, the Prime Minister\u2019s\u00a0PM Gati Shakti plan focusing on roads (25,000kms additional national highway), railways (2000km new railway network by 2023), airports, ports, waterways as these modern infra developments will raise productivity and be the key drivers of domestic tourism economy. Additionally, the Parvat Mala announcement with 8 National Ropeways development project will ease commuting and thereby improve connectivity. The two noteworthy announcements of issuance of e-passports and the expansion of the ECLGS scheme for the hospitality sector will help boost the travel and tourism industry.<\/em><\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>\u200bHowever this Union Budget did not provide the travel &amp; tourism industry the respite we anticipated with respect to rationalization of taxes, reducing\/ eliminating the TCS on outbound travel, and elimination of the 5 crore capping for the SEIS benefit. We hoped this budget would offer incentives to Corporates for organizing meetings and conference in India through partial or full tax exemptions.<\/em><\/p><cite><strong>Vishal Suri, Managing Dire\u00adctor, SOTC Travel<\/strong><\/cite><\/blockquote>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Budget 2022 presented by Hon\u2019ble Finance Minister provides the much needed positivity with focus on infrastructural development, digital enhancements, and healthcare. While, the Prime Minister\u2019s\u00a0PM Gati Shakti plan focusing on roads (25,000kms additional national highway), railways (2000km new railway network by 2023), airports, ports, waterways as these modern infra developments will raise productivity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3126,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-3125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/hoteliersweb.com\/News\/wp-content\/uploads\/2022\/02\/Mr.-Vishal-Suri-Managing-Director-SOTC-Travel__01-scaled.jpg","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/comments?post=3125"}],"version-history":[{"count":1,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3125\/revisions"}],"predecessor-version":[{"id":3127,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3125\/revisions\/3127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media\/3126"}],"wp:attachment":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media?parent=3125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/categories?post=3125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/tags?post=3125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}