Budget focuses on continuity - Mr. Madhavan Menon, MD - Thomas Cook India
Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd's reaction to the Budget, "The current Union budget 2009-10 overall seems focused on continuity rather than any major breakthrough decisions. In the current scenario it is justified given the current global economic environment and political compulsions. Although, the absence of any reference to the Tourism industry which has been badly hit by the economic slowdown is disappointing contrary to the sectors expectations. Since the Budget does not entail any change in fares, we see the Railways as a major form of conveyance for domestic tours and an important opportunity."
|
Union Budget