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Published on 3/02/2020 10:57:21 AM | Source: Vista Rooms

The budget definitely provides a holistic approach to the tourism sector By Mr. Pranav Maheshwari

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Below is the Views On Post Budget Quote By Mr. Pranav Maheshwari, Co-Founder at Vista Rooms

The budget definitely provides a holistic approach to the tourism sector. The expectations were quite high in terms of further GST reduction but the union budget has completely neglected it.The positives would be the initiative to develop 17 iconic tourism sites into world-class tourist destinations resulting in more foreign tourists, benefitting the hospitality sector as well as other stakeholders of the industry.

Also, the proposed transport and social infrastructure backed by digital platforms will further boost tourism.

The steps to  promote  the rich tribal heritage and  its culture will encourage tribal arts, crafts, fashion and architecture leading to generating better revenues and presence on the world map. The tax burden on employees due to tax on employee stock options to be deferred by 5 years or till they leave the company or when they sell, is good but it would be only applicable to successful startups. This is something which startup community has been asking for complete abolition till the exit. 

 

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