Sunday, June 1, 2025
Digital Magazine
  • Magazine
  • Editorial
  • Cover Story
  • Finance
  • Product
  • Startup
  • Explore
No Result
View All Result
  • Magazine
  • Editorial
  • Cover Story
  • Finance
  • Product
  • Startup
  • Explore
No Result
View All Result
Brand Kerala Magazine
No Result
View All Result
Home Finance

Union Budget 2020-21; Tourism sector to get Rs.2,500cr.

Brand Kerala by Brand Kerala
in Finance
2 min read
0 0
0
Union Budget 2020-21; Tourism sector to get Rs.2,500cr.

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur and the senior officials to present the General Budget 2019-20, in New Delhi on February 01, 2020.

20.1k
VIEWS
Share on FacebookShare on Twitter

Indian Institute of Heritage and Conservation to be established

In an effort to make India an attractive destination for both international and domestic tourists, Ms. NirmalaSitharaman, Finance Minister, proposed to allocate Rs.2,500crores in 2020-21 for the tourism sector. Besides tourism, the Minister also proposed to allocate Rs.3,150crore for Ministry of Culture while presenting the Union Budget 2020-21 in Parliament.

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur and the senior officials to present the General Budget 2019-20, in New Delhi on February 01, 2020.

In order to have well-trained resources in the disciplines of museology and archeology, the Finance Minister proposed to establish first Indian Institute of Heritage and Conservation with the status of a deemed university to operate under the Ministry of Culture. She said, “Acquisition of knowledge in disciplines such as museology and archeology are essential for collecting and analysing scientific evidence of such findings and for dissemination through high quality museums.”

Highlighting improved tourism revenues due to better rank, the Finance Minister said, “India had moved up from rank 65 in 2014 to 34 in 2019 in the Travel & Tourism Competitive Index (World Economic Forum).” Due to this, she continued, “Foreign Exchange earnings grew 7.4% to Rs 1.88 lakh crores for the period January 2019 from Rs 1.75 lakh crores.”

In a major bid to revitalise tourism, Ms.Sitharaman proposed eight new museums, which includes building infrastructure around five iconic sites, besides proposing renovation of 5 major museums across the length and breadth of India.

The Union Finance Minister proposed the following:

5 Archeological sites to be set-up/developed as Iconic Sites with on-site Museums at Rakhigarhi (Haryana); Hastinapur (Uttar Pradesh); Shivsagar (Assam); Dholavira (Gujarat); Adichanallur (Tamil Nadu); and Maritime Museum to highlight Harappan Age at Lothal, Ahmedabad, by Ministry of Shipping

In Kolkata: Indian Museum: Re-curation of the oldest museum in India as announced by Prime Minister NarendraModi in January 2020; Numismatics and Trade Museum to be located in the historic Old Mint Building; Support for setting up Tribal Museum in Ranchi (Jharkhand); Renovation and re-curation of 4 more museums across India.

Recognising the role of States in the proposed scheme for growth and employment generation, Ms. Sitharaman said, “Growth of tourism directly relates to growth and employment. States have a critical role to play. I expect State Governments expected to develop a roadmap for certain identified destinations and formulate financial plans during 2021 against which specified grants will be made available to the States in 2020-21”.

Brand Kerala

Brand Kerala

Related Posts

LuLu AI Invests in PayLater Qatar to Advance Financial Inclusion
Companies

LuLu AI Invests in PayLater Qatar to Advance Financial Inclusion

by Brand Kerala
1 week ago
LuLuFin flies high; Opens 4 forex counters at Cochin International Airport
Aviation

LuLuFin flies high; Opens 4 forex counters at Cochin International Airport

by Brand Kerala
2 years ago
Load More
Next Post
Union Budget 2020-21; Big thrust for logistics, including railway infra in budget

Union Budget 2020-21; Big thrust for logistics, including railway infra in budget

Leave Comment
  • Trending
  • Comments
  • Latest
Dynamic bureaucrat : Dr. Rajashree Ajith

Dynamic bureaucrat : Dr. Rajashree Ajith

March 15, 2021
Lords Hospital joins hands with wellOwise

Lords Hospital joins hands with wellOwise

March 17, 2021
Doyen of mohiniyattam : Kalamandalam Vimala Menon

Doyen of mohiniyattam : Kalamandalam Vimala Menon

March 15, 2021
Indian by choice

Indian by choice

March 19, 2021
Strokes of Spontaneity

Strokes of Spontaneity

0
Shadow Puppetry of Kerala

Shadow Puppetry of Kerala

0

News Maker 2011

0

Economic and Social Turmoil Risk Reversing the Gains of Globalization, Report Warns

0
Technopark-based Prophaze’s AI-driven platform thwarts cyberattacks during India-Pak stand-off

Technopark-based Prophaze’s AI-driven platform thwarts cyberattacks during India-Pak stand-off

May 22, 2025
LuLu AI Invests in PayLater Qatar to Advance Financial Inclusion

LuLu AI Invests in PayLater Qatar to Advance Financial Inclusion

May 21, 2025
Lulu Group’s V. Nandakumar Named Among the Most Influential Marketing Professionals in the GCC

Lulu Group’s V. Nandakumar Named Among the Most Influential Marketing Professionals in the GCC

May 21, 2025
Qburst lifts Technopark Premier League trophy; Infosys Women’s winner

Qburst lifts Technopark Premier League trophy; Infosys Women’s winner

May 18, 2025

Categories

  • Agriculture
  • Analysis
  • Art & Culture
  • Automobile
  • Aviation
  • Awards
  • BANKING
  • Bio Technology
  • Business
  • Cinema
  • Climate Change
  • Column
  • Companies
  • Cover Story
  • Editorial
  • Education
  • Entrepreneur
  • Events
  • Fashion and Beauty Care
  • Festivals
  • Finance
  • Future
  • Headlines
  • Health
  • Industries
  • Interview
  • Media
  • Personalities
  • Politics
  • Products
  • Review
  • Sports
  • Startup
  • Technology
  • Tourism
  • Uncategorized
  • Video
Facebook Twitter Instagram Pinterest VK RSS
Brand Kerala

Address: Corporate Office-Brand Kerala Magazine,
A- 29, Elankom Gardens, Vellayambalam
Trivandrum, India

Mobile: +91 98475 60531

Phone: +91 471 2315256

Categories

  • Agriculture
  • Analysis
  • Art & Culture
  • Automobile
  • Aviation
  • Awards
  • BANKING
  • Bio Technology
  • Business
  • Cinema
  • Climate Change
  • Column
  • Companies
  • Cover Story
  • Editorial
  • Education
  • Entrepreneur
  • Events
  • Fashion and Beauty Care
  • Festivals
  • Finance
  • Future
  • Headlines
  • Health
  • Industries
  • Interview
  • Media
  • Personalities
  • Politics
  • Products
  • Review
  • Sports
  • Startup
  • Technology
  • Tourism
  • Uncategorized
  • Video
No Result
View All Result

© 2021 Brand Kerala Magazine

No Result
View All Result
  • Magazine
  • Editorial
  • Cover Story
  • Finance
  • Product
  • Startup
  • Explore

© 2021 Brand Kerala Magazine

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In