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CAPA India has released a report on ‘India Outbound Travel in FY2030’ based on extensive market consultation and data analysis, building upon and updating its ground-breaking research originally conducted prior to the pandemic. For this study and forecasts, CAPA India conducted in-depth research with 250 respondents, supported by 100 detailed, qualitative discussions, and Continue Reading
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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
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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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 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
Aviation Top Stories Trade Associations
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
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