Thomas Cook

Budget 2025: More in your wallet means more stamps on your passport! ✈️💰 With extra savings, it's the perfect year to check destinations off your bucket list! Where to first? 🌍✨ #ThomasCookIndia #Budget2025 #MoreForTravel #WanderlustOnABudget https://t.co/BPASvxiU2f #ThomasCookIndia #Budget2025 #MoreForTravel #WanderlustOnABudget

Budget 2023 has increased the TCS rate for foreign remittances under the LRS from 5% to 20% (except for education and medical purposes). This sharp rise in TCS is effective since July 2023. The standalone cost of foreign tour packages may remain the same, but the overall cost to the customer, including TCS, will increase soon. However, you can claim the amount paid as TCS while filing your income tax return (ITR). You can save 15% by booking or completing your payments before 1st July. #ThomasCookIndia #TCS #tax #tourism #travel #trip #budget2023 #ThomasCookIndia #TCS #tax #tourism #travel #trip #budget2023

Which is the best travel destination for budget traveller? Start voting and let your favourite destination win. To know more about our packages, click here https://www.thomascook.in#ThomasCookIndia #travolympics #favouritedestination #medals #rate #poll #vote #win #destinationwinner #Olympics #Olympictokyo2020 #OlympicGames2020 #Tokyo2020 #holidays #budgetholidays #ThomasCookIndia #travolympics #favouritedestination #medals #rate #poll #vote #win #destinationwinner #Olympics #Olympictokyo2020 #OlympicGames2020 #Tokyo2020 #holidays #budgetholidays

“The Union Budget 2021-22 that offered considerable scope to catalyse Domestic Tourism was noticeably silent on specific announcements towards the travel and tourism sector. A 19% reduction in the tourism budget from Rs. 2499.83 cr to Rs. 2023.04 cr is a strong concern for a sector that contributes 10% to the country’s GDP and is a critical source of employment for travel, tourism, hospitality and allied industries. Despite the downside, Budget focus on infrastructure is of value - the highest ever outlay of Rs. 1,18,101 lakh cr for Ministry of Road Transport & Highways. Announcements on new economic corridors planned such as 3,500 km of NHs in Tamil Nadu, 1,100 km of NHs in Kerala, 675 km of NHs in West Bengal and 1300 km of NHs in Assam; flagship corridors/expressways such as the Delhi-Mumbai Expressway, Bengaluru-Chennai Expressway, Kanpur-Lucknow Expressway, Delhi-Dehradun etc. will serve to further bolster connectivity and hence domestic tourism. Advanced Traffic management system in all new 4 and 6-lane highways (speed radars, variable message signboards, GPS enabled recovery vans) will make for safe and smooth road travel. The focus given to connectivity via expansion of metro rail projects and the concepts Metro Lite and Metro New with augmentation of city bus service is a noteworthy initiative. Rs. 1,10,055 cr outlay for Railways and the National Rail Plan towards a ‘future ready’ Railway system by 2030 is a welcome move to develop domestic tourism – a vibrant growth opportunity. The Vista Dome LHB coach on tourist routes is a step in the right direction towards a positive travel experience. In addition, the announcement to have an indigenously developed automatic train protection system, will boost confidence in rail travel. The PPP model for 7 port projects of over Rs. 2000 cr and could have impact with regards to passenger liners and offer scope towards cruise tourism in the country. Hygiene-Sanitation are crucial aspects of Tourism and the Budget covered a slew of waste management, pollution control, with an allocation of Rs. 1.41 lakh cr over 5 years as part of the Urban Swachh Bharat Mission 2.0.” - Mr. Rajeev Kale, President & Country Head – Holidays, MICE, Visa, Thomas Cook (India) Ltd. #ThomasCookIndia #aatmnirbharbharatkabudget #UnionBudget2021 #Budget2021 #budget #ThomasCookIndia #aatmnirbharbharatkabudget #UnionBudget2021 #Budget2021 #budget

“The Union Budget 2021-22 included 3 announcements covering the aviation sector with potential to deliver long term positive impact: Privatisation of smaller airports in tier 2 & 3 cities under the asset monetisation program will serve to extend accessibility to regional circuits and India’s hidden gems, also increase affordability of air travel. This initiative will aid in the creation of a viable hub & spoke model to catalyse the government’s initiatives around Project UDAN and boost regional connectivity. The spotlight on disinvestment is welcome – with the inclusion of Air India in the target set for FY22 and an overall target of Rs 1.75 lakh crore. Benefits towards aircraft leasing was provided via a tax holiday on capital gains for a set up in GIFT City-Ahmedabad and tax exemption for aircraft lease rentals paid to foreign lessors.” – Attributed to Mr. Indiver Rastogi, President & Group Head - Global Business Travel - Thomas Cook (India) Ltd. #ThomasCookIndia #aatmnirbharbharatkabudget #UnionBudget2021 #Budget2021 #ThomasCookIndia #aatmnirbharbharatkabudget #UnionBudget2021 #Budget2021

“Despite the challenging backdrop of the COVID era, the Finance Minister has presented a truly expansionist budget: We welcome the much needed investments in healthcare, focus on capital expenditure, prioritisation of assets, privatisation and no change in taxation – structured to revive and sustain economic growth. While the six pillars of the Budget presented a diversified approach to fundamentals, across health, capital, infrastructure, inclusive development, human capital and innovation, focus on the Travel and Tourism sector has been noticeably absent. For an industry that is a crucial contributor to India’s GDP (10%) and a powerful force multiplier, tourism related announcements – an imperative to revival and sustenance - were clearly missed. We are looking at a long road to recovery and the Union Budget has not provided the helping hand that was expected of it. We welcome the focus on transportation infrastructure that forms a vital base for Inbound & Domestic Tourism - with the announcement of a Rs.1.18 lakh crore outlay for the Ministry of Road Transport and Highways (proposed 3500 km corridor in Tamil Nadu, 1,100 km in Kerala, 675 km in West Bengal and 1300 km in Assam in the coming 3 years); equally the proposal of a future-ready rail system by 2030 and the next phases of metro projects in key cities with the 'Metro Lite' & 'Metro New' concepts for tier 1 & 2 regions. From an aviation perspective, the announcement of airport privatisation in tier 2 and 3 cities will serve as a boon towards access and affordability and support a hub & spoke model to catalyse the governments initiatives around Project UDAN and Regional Connectivity.” Mr. Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. #ThomasCookIndia #UnionBudget2021 #Budget2021 #Budget #aatmnirbharbharatkabudget #ThomasCookIndia #UnionBudget2021 #Budget2021 #Budget #aatmnirbharbharatkabudget

Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. thoughts on #Budget2019 The #UnionBudget has focused attention on overall transportation infrastructure- seeing mention of far reaching initiatives including Bharatmala for #roads and Sagarmala for #waterways; massive #rail #modernisation and safety. Enhancement of the #Government’s UDAN scheme by inclusion of additional smaller #airports will give impetus to regional #air connectivity and affordability- and hence impetus to both inbound and #domestic #tourism. Setting up of 17 iconic tourism sites as world-class tourist centres and a #Digital Repository as a bank of documentation on India’s tribal and heritage are noteworthy initiatives that will see long term impact to both inbound and domestic tourism. The aviation industry needed strong support and the Finance Minister’s announcements on #FDI, aircraft financing and leasing, policy interventions for #development of maintenance, repair and overhaul in India (MRO) are collectively aimed at catalysing the #aviation sector and a multiplier effect of #job creation. #ThomasCookIndia #UnionBudget2019 #Budget2019 #BudgetForNewIndia #Budget2019 #UnionBudget #roads #waterways #rail #modernisation #Government #airports #air #domestic #tourism #Digital #FDI #development #aviation #job #ThomasCookIndia #UnionBudget2019 #BudgetForNewIndia

Mahesh Iyer, Executive Director & Chief Executive Officer, Thomas Cook (India) Ltd shares his thoughts on Tourism Sites and Digital Repository: The Bharatmala, Sagarmala and #UDAN #programmes will be of significant value in bridging the rural- urban divide and laudable moves that augur well to boost the #Travel & #Tourism sector as a whole. The #UnionBudget paid special attention to the unique UDAN #scheme with its #announcement to increase air connectivity to smaller cities- thereby enhancing affordability of air travel and enhanced access for the common man. The Government’s key focus on transport infrastructure saw the Finance Minister highlight Bharatmala for road #infrastructure, Jalmarg and Sagarmala aimed at #waterways. The Budget also reiterated expansion of the national highway grid and state road network. In a clear focus to give fillip to #Inbound and #Domestic #Tourism, the government plans to develop 17 iconic tourism sites as world-class tourist centres- aimed at improving the flow of domestic and inbound tourists to #heritage destinations. A significant announcement was that of a #Digital Repository (containing folk songs/dances, videos on their evolution, traditional arts, anthropological documentaries of tribes) is to be created - with the aim of #preserving rich tribal and further enriched and strengthened. Much needed emphasis on the Railways sector is expected to see a new dawn of the Indian railways: a new PPP model towards rapid #development, massive modernisation programme of railway stations; deeper investment in suburban rail network via SPVs. A #visionary #Budget inclusion from a #transportation perspective was the announcement of the Inter-operable One #Nation One transport card with its objective of universal travel across various #modes of transport (road, railways etc); additional used as a #ATM card for #withdrawing #money.