Top 10 takeaways for the tourism industry in the new budget

Bijay Amatya, CEO of Kora Tours is a veteran in Nepal’s tourism industry and feels in the present challenges facing Nepal the Budget this year may not look great but it is well focused and positive for the tourism industry if implemented well.

Here are his top 10 takeaways for the tourism industry.

# 1. Domestic Tourism will be encouraged among civil servants and private sector employees.

# 2. Air Turbine Fuel cost reduced for both domestic and international airlines. This will help to reduce airfare.

# 3. Rara Lake area will get a boost and the government will encourage hill tourism.

# 4. Re financing at 5 percent interest will help ease cash flow for tourism businesses.

# 5. Hotels and others stake holders could use Social Security Fund up to 70 percent to pay salaries.

# 6. Government to invest on infrastructure development.

# 7.  TIA, Pokhara and Bhairahwa airports will be ready am improved along with other airports.

# 8. Fund for tourism promotion will be made available.

#9. 20 percent reduction on Income tax.

# 10. Rs 1.26 billion to be spent on infrastructure.

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