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

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

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

Ministry
India’s forex reserves drop by USD 3bn for last week of July

India’s forex reserves drop by USD 3bn for last week of July

India's foreign exchange (forex) reserves dropped by USD 3.165 billion to USD 603.87 billion for the week ended July 28, the Reserve Bank of India (RBI) has said. This is the second consecutive weekly drop

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

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

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

Top Stories
Indians spent nearly USD 10bn on foreign travel during April-December: RBI

Indians spent nearly USD 10bn on foreign travel during April-December: RBI

Indians spent around USD 10 billion on overseas travel between April and December, a report by Mayur Shetty in the Times of India (TOI) said, citing data from the Reserve Bank of India (RBI). It

Top Stories
FAITH proposes ‘PM – HINES’ market based Incentive scheme for industry

FAITH proposes ‘PM – HINES’ market based Incentive scheme for industry

FAITH, the policy federation of all the 10 national associations representing the tourism, travel and hospitality industry of has proposed ‘PM - HINES’ or ‘Prime Minister - Holiday in India Export Support’ for the upcoming

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

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

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

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