Will the Union Budget impact your lifestyle?

Delhi: The 2023-2024 Union Budget was announced and what impact will it make on your life and style in the coming year? While some industries had favourable results that will spur the growth of the sector, others were rather underwhelmed.
Experts in the field expresses their thoughts to IANSlife… Eating out? The F&b industry benefits from the personal tax relief measures outlined in the budget. Commenting on the same, Merrill Pereyra, Managing Director, Pizza Hut India Subcontinent said, “The Food Services industry relies heavily on discretionary spending and therefore stands to gain from the personal tax relief measures announced in the budget, which will further catalyze consumption. The focus on domestic tourism will also cascade positively across our sector, by opening up new markets and allowing for greater expansion, especially in unpenetrated locations.” Also Read Budget 2023: Rs 1002 crores allocated for issuing e-passports While on the other hand, Debaditya Chaudhury, Managing Director of Chowman, Oudh 1590 & Chapter 2 expresses disappointment stating, “I think it’s a little disheartening for the food and beverage industry, that there was no mention of any relief or support for us in the Union Budget 2023-24 declaration. This year, we were hoping for extended moratoriums on interest payable and reduced tax structure to help us regain our balance sheet’s health. Sadly, the government has ignored us even though the industry has been resilient and has recovered from the pandemic on its own. While other sectors are laying people off, the F&B industry has been generating jobs, adding to the GST credit without even any input credit.” Your next adventure