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Union Minister for Finance, Arun Jaitley announced the Union Budget 2016-17 in the parliament today. The Budget seems to have brought some relief to small taxpayers and small business owners. But what was in the budget for those interested in traveling? Also Read - GRD vs BGR Dream11 Team Prediction, Vincy Premier League T10 2020: Captain And Vice-Captain, Fantasy Cricket Tips Grenadines Divers vs Botanical Garden Rangers 3rd Place-off at Arnos Vale Sporting Complex at 7.30 PM IST
Here are some of the key aspects of the budget that could affect travel and tourism in the country: Also Read - Kunal Kamra Reacts to 1.7 Million Dislikes on YouTube Video 'Aaja Beta Carry Teko Roast Sikhaye', Says 'Carry Fans Can Join BJP IT Cell'
1. Infrastructure and roadways:
The most important aspect of this year’s budget for travelers is the announcement Mr. Jaitley made with regard to infrastructure. Mr. Jaitley announced major plans to improve infrastructure and roadways in the country. He said that 65 eligible habitats will be connected via 2.23 lakh kms of road. He informed that the current construction pace is a stunning 100 kms/day. He assigned Rs. 55,000 crore to roads and highways. Altogether, the total allocation for road construction, including PMGSY,is to be Rs 97,000 crore
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Mr. Jaitley announced plans to revive underserved airports in the country. He said that 160 airports will be revived with an allocation of Rs 50-100 crore each. Also, 10 out of 25 non-functional air-strips will be developed. The Centre is to partner with States to make this happen. This move is aimed at boosting the civil aviation sector and improving regional connectivity. This development will be a part of the government’s low-cost airport plan and will help reduce the cost of domestic flights.
3. Deduction for rent payers:
If you are someone who rents a house and doesn’t own one, Mr. Jaitley has announced a treat for you. Deduction for rent paid will be raised from Rs 20,000 to Rs 60,000 for your benefit. This means more savings for that short annual trip!
4. Swacch Bharat Abhiyan:
The Swacch Bharat Abhiyan has been taken very seriously by this government. While a few days ago Railway Minister Suresh Prabhu announced his plans to beautify railway stations, Finance Minister Jaitley has allocated a whopping sum of Rs.9,500 crores to the Swacch Bharat Abhiyan. A cleaner India would definitely attract more tourists from outside the country and also boost domestic tourism.
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What do you think about the budget? Let us know your reactions to this Union Budget in the comments section.