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Credit card usage for international travel to come under tax ambit

By TBM Staff - Mumbai Monday, 22 May 2023, 10:00 AM 1178

Spending in foreign exchange through international credit cards will be covered under the RBI’s liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorisation of the Reserve Bank, as per a Finance Ministry notification. The Union Budget 2023-24 hiked TCS […]Continue Reading

Aviation Top Stories Trade News

87% of Indian Travellers Expect Airport Lounge Access As A Premium Card Benefit: Collinson Study

By TBM Staff - Mumbai Wednesday, 6 July 2022, 4:00 PM 882

International demand for air travel has picked up substantially as restrictions across countries ease. Travellers who averaged 6 return trips pre-pandemic (2019), are beginning to return to the skies, with an average of 3 self-predicted return trips planned for 2022, found a new study commissioned by Collinson, a global leader in traveller experiences. The research, […]Continue Reading

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LTC for international travel not an absolute right: Madras HC

By TBM Staff - Mumbai Wednesday, 29 June 2022, 1:00 PM 1036

Reimbursement for international travel is not an absolute right, ruled the Madras High Court (HC) in connection with State Bank of India (SBI) officers’ claims. On June 24, Justice S M Subramaniam dismissed a writ petition from the All India State Bank Officers Federation in Chennai and the All India Bank Officers’ Confederation in New […]Continue Reading

Outbound Top Stories

Fiji plans to open international travel by November 1

By TBM Staff - Mumbai Thursday, 2 September 2021, 1:13 PM 1618

Fiji is planning to open its border for international tourists by November 1. Fiji Prime Minister Voreqe Bainimarama announced that they are planning to reopen Fiji for tourism by November 1. The PM further said, “That’s the target we’ve set now, and it bases itself on the success we’ve had with the vaccination campaign.” Faiyaz […]Continue Reading

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IATA calls on states to follow WHO guidelines on international travel

By TBM Staff - Mumbai Friday, 16 July 2021, 1:15 PM 1521

The International Air Transport Association (IATA) has called on states to follow new guidance on travel from the World Health Organization (WHO). The guidance recommends a “risk-based approach” to implementing measures related to COVID-19 and international travel. Specifically, WHO recommended that governments: • Do not require proof of COVID-19 vaccination as a mandatory Continue Reading