TOURISM BUDGET 2020
Context: Finance Minister proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector and Rs 3,150 crore for Ministry of Culture to make India an attractive destination for both international and domestic tourists.
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 as a measure to have well-trained resources in the disciplines of museology and archeology.
Apart from above, finance minister has also proposed 8 new museums, which includes building infrastructure around 5 Iconic Sites, besides proposing renovation of 5 major museums across the length and breadth of India in a major bid to revitalise tourism.
The five Archeological sites to be set-up/developed as Iconic Sites with on-site Museums at the following locations:
- Rakhigarhi (Haryana),
- Hastinapur (Uttar Pradesh),
- Shivsagar (Assam),
- Dholavira (Gujarat) and
- Adichanallur (Tamil Nadu)
Further, a Maritime Museum to highlight Harappan Age at Lothal, Ahmedabad, will be renovated by Ministry of Shipping. There is also a plan to provide support for setting up Tribal Museum in Ranchi (Jharkhand).
India had moved up from the 65th rank in 2014 to 34 in 2019 in the Travel and Tourism Competitive Index (World Economic Forum) and due to this, foreign exchange earnings grew 7.4% to Rs 1.88 lakh crore for January 2019 from Rs 1.75 lakh crore.
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