Vijeta Soni (Co-Founder & CEO, Sciative Solutions)
Credit: Sciative Solutions
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The hospitality sector have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed regarding their expectations from the government's most important financial document of the year.
"As a SaaS company driving dynamic pricing and revenue growth for the Indian travel and hospitality industry, I am optimistic about Budget 2025 and its potential to address critical challenges while fostering growth. Key expectations include enhanced connectivity through investments in air, rail, and road infrastructure, particularly to improve access to tier-2 and tier-3 cities via new airports, railway lines, and highways.
The hospitality sector is hopeful for a reduction in GST rates on hotel rooms priced above Rs 7,500, which would stimulate domestic and international tourism. Whereas, for intercity passenger mobility, a standardized national regulatory framework is essential to replace the fragmented state-specific rules, promoting fair competition and creating a level playing field.
Additionally, I strongly believe that there should be emphasis on electric mobility, with subsidies, tax incentives, and infrastructure development for electric buses, would support a sustainable transition to greener fleets. These measures would not only address current challenges but also pave the way for long-term growth and sustainability in the travel and hospitality industry," said Vijeta Soni (Co-Founder & CEO, Sciative Solutions)
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.