Raising concerns over loss of jobs in the sector, the Federation of Associations in Indian Tourism and Hospitality (FAITH) has urged the Union finance ministry, RBI and the tourism ministry to urgently take up measures targeted at creating jobs in the sector.
FAITH noted that it has been repeatedly reaffirmed through all government data, whether that of GST, RBI or of income tax, that tourism, travel and hospitality continue to be the worst hit sector during the 13-months period since the time pandemic struck and is also likely to stay that way for much of the foreseeable period.
So, in its recommendations list, FAITH said that to address that on an immediate basis, the three measures proposed are waiver or compensation for Fixed Statutory Liabilities, Direct Benefit Transfer of Basic Pay and credit of SEIS dues for 2019-20.