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IMPACT OF TARIFFS ON TOURISM
India hands over Rs 2.5 billion cheque to Bhutan as 5th tranche towards Economic Stimulus ProgrammeIndia has disbursed the fifth tranche of Rs 250 crore for Bhutan's Economic Stimulus Programme, bringing the total released to Rs 1,250 cro...
India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World BankIndia will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This modera...
Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
Belarus eyes deeper BRICS partnership, strengthens India ties for multipolar worldBelarus eyes full BRICS membership, seeking a multipolar world order. The nation is deepening its strong relationship with India. Key areas...
Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
India–New Zealand $20 billion FTA: List of sectors set to gain ground as the deal kicks inIndia and New Zealand have signed a Free Trade Agreement. This pact offers zero-duty access for most Indian exports. Key sectors like texti...
India–New Zealand sign 'once-in-a-generation' FTAIndia and New Zealand signed a “once-in-a-generation” free trade agreement on Monday that gives New Delhi duty-free access to 100% of tarif...
EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per nightA joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive touri...
Explained | What’s inside India–New Zealand FTA: Tariff cuts, services push, farm safeguards & moreInd NZ FTA Agreement: India and New Zealand signed a significant free trade agreement. This pact opens doors for goods, services, and inves...
Consumption sustaining growth; predictable support essential for GDP expansion: FMUnion Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need fo...
From Hormuz to headquarters: Iran war ripples through corporate balance sheets, blurs forecastsBusinesses face rising costs and supply chain disruptions due to the U.S.-Israeli war with Iran. Companies report higher transport and raw ...
Global Inc speaks out: Iran war hurt biz already bruised by tariffs, high costsInvestors and economists are watching to see whether companies can absorb the shock, or if prolonged uncertainty over energy, transport and...
IMF cuts China 2026 economic growth forecast to 4.4%The IMF on Tuesday lowered its forecast for Chinese economic growth this year to 4.4 percent, despite reduced US tariffs and stimulus measu...
Time to ditch 'Bharat Ek Khoj' mode: Why 'Incredible India' isn't enough for foreign visitorsIndia's tourism recovery lags globally, with foreign arrivals significantly below pre-pandemic levels. Despite government intent to boost t...
Forget tariffs—foreign tourists pay in forex, smile in returnIndia should prioritize inbound tourism as a powerful, geopolitically stable export sector. Unlike manufactured goods, tourism isn't affect...
Trade war and tariffs to take a toll on U.S economy: Reduced travel and U.S products boycott could cost the U.S a whopping $90 billionDue to President Trump's trade policies and tariff disputes, the US economy faces a potential $90 billion loss this year. Tourism is declin...
Amitabh Kant asks hospitality players to tell politicians about 25 mn job creation by 2030 to help get industry statusIndia's G20 Sherpa Amitabh Kant has called on hospitality and tourism sector players to inform politicians about the creation of 25 million...
No plans to approach GST Council for reducing tax on all hotel rooms to 12 per cent: Tourism minister Prahlad PatelThe threshold limit for applicability of 28 per cent GST rate was increased from Rs 5,000 to Rs 7,500 per room per day by the finance minis...
Centre to move GST council over "hefty" tax on hotel rooms"The government is sensitive to the needs of the industry," a government official said.
- Rupee fall takes fun out of foreign trip
While inbound packages would be getting cheaper due to weaker Re, the impact is not visible so far as hotel tariffs are still high. Heritag...