Odisha Deputy CM Kanak Vardhan Singh Deo Talks About Boosting Tourism in India
Mayurbhanj (Odisha) [India] August 4: Odisha Deputy Chief Minister Kanak Vardhan Singh Deo announced that the Indian government aims to promote internal tourism. He mentioned that Odisha, with its long coastline, is a key focus for wildlife, heritage, and religious tourism as highlighted in the budget.
He praised the central government for taking responsibility for tourism development, which was previously left to state governments. He noted that Finance Minister Nirmala Sitharaman emphasized the development of ports and the Bay of Bengal coast for tourism.
On the same day, CRISIL reported that India’s tour and travel operators are expected to see a 15-17% revenue growth this fiscal year, driven by rising domestic tourism, improved infrastructure, and increased disposable incomes. The report highlighted that the credit profiles of travel operators remain strong with steady operating margins and low reliance on debt.
Doubts Revealed
Odisha -: Odisha is a state in eastern India, known for its rich culture, temples, and long coastline along the Bay of Bengal.
Deputy CM -: Deputy CM stands for Deputy Chief Minister, who is the second-highest-ranking official in a state government, just below the Chief Minister.
Kanak Vardhan Singh Deo -: Kanak Vardhan Singh Deo is a politician from Odisha who is currently serving as the Deputy Chief Minister of the state.
Tourism -: Tourism is when people travel to different places for fun, to see new things, and learn about different cultures.
Infrastructure -: Infrastructure refers to the basic physical systems and structures needed for a place to function, like roads, bridges, and buildings.
CRISIL -: CRISIL is a company in India that provides ratings, research, and risk analysis, helping businesses and governments make better decisions.
Fiscal year -: A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. In India, it usually starts on April 1 and ends on March 31 of the next year.
Revenue growth -: Revenue growth means an increase in the money that a company or industry earns over a period of time.
