** Shares of Indian hospitality and tourism stocks rise between 0.3% and 4.3%

** Lemon Tree Hotels LEMO.NS up 2.8%, Yatra Online YTRA.O rises 1.62%, Rategain Travel Technologies RATE.NS up 4.3%

** In federal budget, Indian Finance Minister Nirmala Sitharaman announced the setting up of National Institute of Hospitality, pilot scheme to train guides, and other initiatives to promote tourism

** Axis Securities expects measure to be positive for travel and leisure companies

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))