News & Media 8th Feb 2022

Tourism funding and promotion agencies laud Budget proposals for the sector

Authors

Sujjain Talwar Partner | Mumbai

Latest Thought Leadership

Articles 14th Jun 2024

Digital Bouncers: Navigating the Digital Competition

Read More
Articles 14th Jun 2024

SEBI Imposes Financial Penalties on Market Infrastructure Institutions For Surveillance Failures

Read More
News & Media 13th Jun 2024

Compensation claims plunge as SEBI crackdown intensifies

Read More
News & Media 12th Jun 2024

50% assured pension for central govt staff under NPS: Proposal explained

Read More

While the travel, tourism and hospitality trade associations have expressed their disappointment in the Union Budget presented by the Finance Minister as it lacked any concrete proposal to stimulate and boost the hard-hit tourism sector in the country, support for the budget has come from the financial and promotion agencies in the country.

Against this backdrop, Sujjain Talwar, Co-Founding Partner, Economic Laws Practice (ELP) has been quoted in ET Hospitality World in their article titled “Tourism funding and promotion agencies laud Budget proposals for the sector”. Sujjain welcomes the proposal for an extended and expanded ECLGS support for the hospitality sector and is of the opinion that extension of the ECLGS scheme until March 2023 is indicative of the government finally paying heed to the plight of the hospitality sector. An enhanced guarantee cover of INR 5 lakh crore is indicative of support to the sector.

Read the comment and detailed article here