Financial Daily from THE HINDU group of publications
Thursday, Mar 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 10, 2005 |
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Opinion
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Letters `Incredible India'
The Budget decision to introduce fringe benefit tax (FBT) will adversely impact India's tourism industry, which is already suffering from unsupportive policies and poor infrastructure. The said tax will curb the incentives which will not only affect the quality of services, but also prompt employees to seek greener pastures abroad. This is why smaller countries like Thailand are overtaking India in attracting foreign exchange from the travel and tourism sector. A separate tourism budget, therefore, is needed to address the concerns of the tourism industry and tap the immense potential that it holds. Mahesh Kaul Jammu
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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