In a bid to spice up cruise tourism, the federal government on Tuesday proposed a “simplified” tax regime for overseas transport corporations working home cruises in India.
Finance Minister Nirmala Sitharaman stated in her Budget speech, “Cruise tourism has immense potential in India. To promote this employment-generating trade, I’m proposing a simplified tax regime for overseas transport corporations working home cruises within the nation.”
He stated, “Tourism has all the time been part of our civilisation. Our efforts to ascertain India as a world vacationer vacation spot will create employment alternatives, increase investments and open up financial alternatives for different sectors.”
The finance minister introduced that the Vishnupad Temple Corridor and Mahabodhi Temple Corridor will probably be supported and constructed on the strains of the Kashi Vishwanath Temple Corridor to make them “world-class pilgrimage and vacationer locations”. Sitharaman additionally introduced the event of Rajgir and Nalanda in Bihar. “Rajgir holds nice spiritual significance for Hindus, Buddhists and Jains. The Jain temple complicated homes the twentieth Tirthankara Munisuvrata temple and is historical. The Saptarishi or seven sizzling springs, kind a sizzling water Brahmakund, which is sacred. A complete improvement initiative will probably be taken for Rajgir.” She additionally introduced that the federal government will help in growing Nalanda as a vacationer hub, moreover reviving Nalanda University.
The price range allocation for tourism is Rs 2,479.6 crore, whereas the revised estimate for 2023–24 is Rs 1,692.1 crore. The price range estimate for 2023–24 was Rs 2,400 crore
