The Union Budget stressed for promotion of drones through startups and skilling in Industrial Training Institutes (ITIs). “Startups will be promoted through various applications and to facilitate ‘Drone Shakti’ for Drones-as-a-Service (DRaaS),” Finance Minister Nirmala Sitharaman said,
Courses for skilling in selected ITIs will also be started in all the states. Drones will also be promoted for crop evaluation, digitization of land records, spraying pesticides and nutrients. Except for the mention about drones, no new plans or initiatives were announced for the same. aviation sector. With Air India now privatized and handed over to Tata Sons, the budgetary allocation for the civil aviation ministry was over half of the current fiscal year. It has been allocated ₹4,574 crore for the next financial year.
Rs 9,259 crore allocated to Special Purpose Vehicle (AI Assets Holding Ltd) set up by the government in 2019 to attract private investors and clean up Air India’s balance sheet to attract non-core assets and its liabilities have been done. “This provision has been made for the purpose of loan, sale and lease back rental and repayment of past dues and liabilities of AI Ltd., guaranteed by the previous government.”
The FM said Rs 51,971 crore towards Air India’s debt was part of the revised estimate of capital expenditure of Rs 6.03 lakh crore for the previous fiscal. It was aimed at “settlement of outstanding guaranteed liabilities of Air India and its other miscellaneous commitments”.
Ronojoy Dutta, CEO of budget carrier IndiGo, lamented that expectations of “tax concessions for the aviation industry in the form of reduction in aviation turbine fuel excise duty and allocation of concessional finance to airlines to help us tide over the pandemic” have not been met. Happened. Ministry of Tourism received 18.42% more allocation at ₹2,400.00 crore. A major part of the outlay – ₹1,644 crore – has been earmarked for infrastructure development for tourism development, while ₹421.50 crore has been set aside for promotional and promotional activities.
A new credit guarantee scheme with an allocation of ₹62.5 crore for five years has been launched for the COVID-affected Tourism Services Sector (LGSCATSS) during the current financial year. It provides guarantee-free loans up to ₹10 lakh for government-approved travel and tourism stakeholders such as tour operators and travel agents, and up to ₹1 lakh for government-approved regional level tourist guides.
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