Budget 2017-18 Current Affairs - 2020
The Union Budget 2017-18 has announced that Government will set up five Special Tourism Zones in partnership with States.
These five special zones will be anchored as Special Purpose Vehicles (SPVs) that will be set up in partnership with the States. In this budget, government has allocated Rs. 1,840.77 crore to the Tourism Ministry, Rs. 250 crore more in the 2017-18 fiscal.
Other tourism related announcements in Budget
- To boost the image of India in the international travel market Incredible India 2.0 Campaign will be unveiled across the world the financial year 2017-18.
- 959.91 crore has been allocated for the Integrated Development of Tourist Circuits around specific themes under Swadesh Darshan scheme.
- 100 crore has been allocated for Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD). Rs. 412 crore provided for promotion and publicity of various programmes and schemes.
- Besides, Government has asked the Railways to start dedicated trains for tourism and pilgrimage purposes.
Swadesh Darshan Scheme: Under it, 13 thematic circuits have been identified for development, namely North-East India Circuit, Buddhist Circuit, Himalayan Circuit, Coastal Circuit, Krishna Circuit, Desert Circuit, Tribal Circuit, Eco Circuit, Wildlife Circuit, Rural Circuit, Spiritual Circuit, Ramayana Circuit and Heritage Circuit.
PRASAD Scheme: Under it, 13 cities Ajmer, Amritsar, Amravati, Dwarka, Gaya, Kamakhaya, Kancheepuram, Kedarnath, Mathura, Patna, Puri, Varanasi and Velankanni have been identified for development.
Tags: Budget 2017-18 • Business • Economy • National • PRASAD Scheme
Union Finance Minister Arun Jaitley presented the Union Budget 2017. It was fourth annual budget presented by Arun Jaitley as Finance Minister. This was also first time no separate Railway Budget was presented.
The 2017 Union Budget,was broadly focused on 10 themes. They are farming sector, rural population, youth, poor and underprivileged health care, financial sector for stronger institutions, infrastructure, speedy accountability, prudent fiscal management, public services and tax administration for the honest.