Sunday, March 3, 2024
HomeTrendsBudget 2024 Expectations Highlights: NPS changes, infrastructure & capex spending, income tax...

Budget 2024 Expectations Highlights: NPS changes, infrastructure & capex spending, income tax relief are the buzz words

“The previous yr has been extraordinarily thrilling for the journey & tourism sector; particularly with the federal government’s rising deal with boosting home & inbound journey. India is on monitor to be the fastest-growing aviation market on the planet within the subsequent decade. The rising pattern of home air journey from tier 2,3,4 cities is encouraging, and we hope to see the finances proceed to allocate sources for the event of infrastructure, know-how, and security measures at present and new airports in these cities underneath the UDAN scheme. Religious tourism is poised to be a key focus this yr, and we anticipate extra measures geared toward enhancing infrastructure, and accessibility, together with last-mile connectivity in non secular and cultural hubs throughout India. The Indian Authorities has been actively creating spiritual locations and pilgrimage facilities to encourage non secular tourism underneath the Pilgrimage Rejuvenation and Religious Heritage Augmentation Drive (PRASAD Scheme).”“This effort has led to a outstanding transformation in Varanasi’s tourism sector, primarily pushed by the revitalized Kashi Vishwanath hall and the Central authorities’s renewed dedication to selling spiritual tourism. Since its opening in December 2021, Kashi Vishwanath Dham has attracted an unprecedented 100 million guests. In distinction, the variety of guests had beforehand been a mere 8 million earlier than the renovations.Equally, it’s anticipated that with the current inauguration of the Ram Mandir in Ayodhya and the current launch of the brand new Ayodhya airport, Ayodhya could appeal to related footfalls of holiday makers. Such steps will undoubtedly enhance connectivity in areas the place trains or buses stands out as the major mode of transportation. Moreover, contemplating that aviation turbine gas (ATF) constitutes a good portion of operational prices for airways, any waivers or assist for the airline sector would significantly profit the business. Bringing the Aviation Turbine Gas (ATF) price right down to pre-pandemic ranges presents vital alternatives for India’s aviation sector, serving as an important think about bettering air journey accessibility. In 2023, we additionally witnessed a surge in travellers choosing visa-free locations, indicating a rising desire for hassle-free and handy worldwide journey experiences. Simplifying visa necessities to encourage visa-free entry for vacationers visiting India is one other motion level that may considerably improve international vacationer arrivals. Total, we look ahead to budgetary measures that foster progress, innovation, and sustainability throughout the journey and hospitality sector, in the end strengthening India’s place as a premier journey vacation spot,” says Aloke Bajpai, Co-founder & Group CEO, ixigo.

wasim ibn kamal
wasim ibn kamal
Wasim Ahmad Kumar | Wasim Ibn Kamal | founder of, and | A developer and UI/UX designer. and are two of my blogs.


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