BUDGET 2016-2017 REACTION
Ankur Bhatia, ED, Bird Group and Member, CII National Committee on Civil Aviation
The Finance Minister this year has laid emphasis on good measures such as rail and road infrastructure developments as well as on new startups and ‘Make in India’ campaign.
The Cabinet’s decision of reviving underserved airports by allocating a budget of 50 – 100 crores each, developing 10 out of 25 non-functional airstrips in partnerships with state governments, will definitely accelerate the development of regional and overall aviation sector.
However, levying of additional cess in hospitality could have been avoided as the industry is already burdened with taxes. We do hope that the cess levied on combustion will be used for a betterment and development of green vehicles and infrastructure. Overall, it is a balanced budget with emphasis on development.