Industry experts laud Centre's decision to boost infra and tourism sector in Union Budget for FY 2020-21
Industry experts laud Centre's decision to boost infra and tourism sector in Union Budget for FY 2020-21
THE UNION BUDGET for FY2020-21 focused on three key themes - aspiring India, economic development and caring society.

FM Nirmala Sitharaman presenting her second Budget focussed on the demand purview of the economy by relaxing income tax slabs, hence putting more money in the taxpayers' hands. Furthermore, she relaxed the long-trailing demand of the travel and hospitality industry of inclusion in the budget by allocating Rs 2500 crore for the tourism sector for the current fiscal which gained a feeling of encouragement within the industry. Industry experts shared their views on the Budget. Surendra Kumar Jaiswal, president, Hotel and Restaurant Association of Northern India (HRANI), said, "The Union Budget 2020-21 is a progressive document to ensure economic growth. Measures for enhancing investment climate, boosting transport infrastructure and education and push towards digitalisation will spur tourism and hospitality sector. The proposal to develop iconic sites with on-site museums is a welcome measure to boost tourism. Besides, the proposal to establish more airports and monetise 12 lots of highway bundles of 6,000 km by 2024 will lay the framework for enhancing the attractiveness of India as a tourism destination. The proposal of earmarking a fund for cleaner air will ensure sustainable living."

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February 2020