TravelBiz Monitor: India travel news, travel trends, tourism

India earns INR 5.54 lakh crore in forex from tourism: Govt

By TBM Staff - Mumbai Monday, 7 August 2023, 3:30 PM 755

India has earned INR 5,54,657 crore in foreign exchange from tourism between 2019 and May this year, shows the latest government data. Overall, 2019 saw a total earning of INR 2,16,467 crore, which is the highest in these five years but the very next year this dropped to its lowest at INR 50,136 crore and, […]Continue Reading

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Sri Lanka welcomes 7.5 lakh tourists earning USD 800mn forex this year

By TBM Staff - Mumbai Thursday, 3 August 2023, 11:30 AM 1259

Sri Lanka received over 750,000 tourists and earned foreign exchange revenue amounting to USD 800 million during the first seven months of this year, according to a statement from the President’s Media Division (PMD).Quoting State Minister of Tourism Diana Gamage, the PMD said this accomplishment played a crucial role in bolstering Sri Lanka’s foreign reserves, Continue Reading

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Sri Lanka banks on India to aid tourism recovery, calls for borderless BIMSTEC travel

By TBM Staff - Mumbai Monday, 10 July 2023, 12:00 PM 1028

Sri Lanka is counting on tourists from India, its primary source market, to boost foreign exchange earnings and aid economic recovery, as the island expects fewer tourists from Europe amid the ongoing recession. Sri Lanka is banking on its primary tourism source market, India to aid recovery and boost foreign exchange earnings. The island nation […]Continue Reading

Thomas Cook India partners with Mastercard & Visa for Study Buddy Card to tap overseas education segment

By TBM Staff - Mumbai Tuesday, 27 June 2023, 11:00 AM 3987

Thomas Cook (India) Limited has earmarked the overseas education segment as a significant and growing opportunity. Foreign Exchange is a noteworthy driver of the company’s business and the overseas education segment having witnessed a strong YoY increase of over 162% for FY23, is displaying accelerated growth. With a strategic intent to expand its market share […]Continue Reading

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EaseMyTrip aims to foray into forex biz; will apply for Full-Fledged Money Changer License from RBI

By TBM Staff - Mumbai Monday, 2 May 2022, 1:30 PM 1198

EaseMyTrip aims to launch a currency exchange service, and for this will apply for a Full-Fledged Money Changer License (FFMC) from the Reserve Bank of India (RBI). It will enable customers to easily convert their currencies to local tenders. Acquiring this license will enable EaseMyTrip to offer to extend its portfolio and offer one of […]Continue Reading

India’s forex reserves record sharpest ever weekly fall of USD 11.17bn

By TBM Staff - Mumbai Monday, 11 April 2022, 12:15 PM 1179

India’s foreign exchange reserves fell by USD 11.17 billion for the week ending April 1 – the sharpest ever weekly drop – to settle at USD 606.475 billion, PTI reported Saturday citing Reserve Bank of India data. The fall has been attributed to pressure on the Indian rupee as a result of the conflict in […]Continue Reading

India earns INR 5.54 lakh crore in forex from tourism: Govt

Sri Lanka welcomes 7.5 lakh tourists earning USD 800mn forex this year

Sri Lanka banks on India to aid tourism recovery, calls for borderless BIMSTEC travel

Thomas Cook India partners with Mastercard & Visa for Study Buddy Card to tap overseas education segment

EaseMyTrip aims to foray into forex biz; will apply for Full-Fledged Money Changer License from RBI

India’s forex reserves record sharpest ever weekly fall of USD 11.17bn

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