PM Modi Rejects Foreign Travel Tax Rumors: 'Totally False'

TRANSPORTATION
Whalesbook Logo
AuthorAnanya Iyer|Published at:
PM Modi Rejects Foreign Travel Tax Rumors: 'Totally False'
Overview

Prime Minister Narendra Modi has definitively dismissed reports of a potential foreign travel tax, calling the claims "totally false." He reaffirmed the government's commitment to 'Ease of Doing Business' and 'Ease of Living', quashing speculation that had unsettled the travel sector.

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • Quarterly Results
  • Concall Announcements
  • New Orders & Big Deals
  • Capex Announcements
  • Bulk Deals
  • And much more

Modi Denies Foreign Travel Tax Rumors

Prime Minister Narendra Modi has forcefully rejected reports that the government is considering a new tax or levy on foreign travel. Posting on social media platform X, Modi called the news "totally false" and stated there was "not an iota of truth" in the claims.

The clarification followed a CNBC TV-18 report on Friday. That report cited sources at the "highest level" suggesting discussions were underway for a potential cess, tax, or surcharge on foreign travel. The proposed levy was reportedly intended for collection by the Centre for one year to help manage fiscal impacts.

Reassurance for Travelers and Industry

Modi's swift intervention aims to dispel uncertainty for citizens and the travel industry. The Prime Minister reiterated the administration's ongoing commitment to improving both 'Ease of Doing Business' and 'Ease of Living'. This firm denial prevents the introduction of a new cost for international travelers. It signals a continued focus on facilitating, rather than restricting, citizen mobility and economic activity. The clarity from the Prime Minister's office reassures stakeholders in the tourism and travel sectors by averting prolonged speculation.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.