In the last two months, Finance Minister Nirmala Sitharaman has taken several steps for Budget 2021
For Budget 2021 these steps to increase the demand in the sector more affected than Corona. In the last two months,
Finance Minister Nirmala Sitharaman has taken several steps to increase the demand in the sector affected more than Corona.
There are some sectors which are expected to get relief from the Finance Minister.
In the General Budget presented on 1 February,
The focuses of the Central Government will be on ‘Growth’ rather than ‘Repair’ and ‘Revival’ instead of ‘Survival’.
In such a situation, sectors like travel and tourism,
real estate is expected to get big deals from the Finance Minister.
The biggest desire of the hotel sector is to give them the status of infrastructure,
as they currently get loans at the rate of 15-20 percent.
The demand of the industry is that expenditure of more than Rs 25 crore should be given the status of capital expenditure.
Sharekhan said, “If the hotel industry gets infrastructure status, hotel companies can take loans at low-interest rates. They will get electricity and water at industrial rates.
The move will be good news for Indian Hotels, Chalet Hotels, Lemon Tree, Jubilant Foodworks, and Specialty Restaurant. ”
Yes, Securities said that it is expected that the government can increase the carry forward of the business losses from eight years to 12 years. Also, if the tax on hotels is reduced, then their cash flow can be better.
The entire tourism industry, including travel, hotels, hospitality, and aviation, has been demanding relief from the government
for compulsory payments for about 12 months, including excise fees, taxes, electric water charges, permits, licenses, bank guarantees.
The government’s goal is that by the year 2022, everyone should have their own house.
Sharekhan said, “It would be better for the state governments to provide relief in regulatory and licensing rules to reduce costs and increase ease of doing business.
There are different guidelines for each state to give relief to the tourism sector.” Can be offered. ”
Edelweiss said that the government should extend the term of the Pradhan Mantri Awas Yojana CLSS scheme
for the return of the real estate sector, which will expire in March 2021.