NRAI President Kabir Suri's take on best, worst things in Union Budget

'The best thing about the Budget, in my opinion, has to be the spending on infrastructure', said Suri

Does the Budget address the distress caused by the pandemic?

In terms of the hospitality sector, they have not provided much relief to us. The extension of ECLGS expansion till 2023 with additional corpus of Rs 50,000 crore dedicated to hospitality and allied industries is the only "relief" provided to our sector. However, this is loan over loan, at high interest, and it remains to be seen in the fine print if it will also enable moratorium extension of all previous schemes and debt restructuring.

The restaurant industry was eagerly looking at some immediate liquidity support, restoration of Input Tax Credit on