NEW DELHI : The imminent fourfold increase in the Tax Collected at Source (TCS) on tour packages has triggered widespread apprehension among Indian travel agencies and industry groups. The TCS rate, set to rise from 5% to 20% in July, will significantly burden customers, despite its refundability at the end of the fiscal year. Many … Read more
A Public Interest Litigation (PIL) has been moved in Delhi High Court challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permits the exchange of ₹2,000 banknotes without obtaining any requisition slip and identity proof, according to the news agency ANI. The plea calls the decision arbitrary, and irrational and … Read more
Indian Americans across the United States are eagerly preparing to extend a warm welcome to Prime Minister Narendra Modi during his upcoming historic state visit to the country. Organisers have announced plans for an ‘India Unity Day’ march to be held in 20 major cities on June 18, two days before the Prime Minister’s arrival. … Read more
NEW DELHI: The capital’s IGI Airport may soon have two international terminals. IndiGo, India’s largest airline by domestic market share, has asked Delhi International Airport Ltd (DIAL) to create facilities to handle international traffic at the upcoming expanded Terminal 1 — which has, so far, been all-domestic. At present, IndiGo flies out of all the … Read more
Following consecutive quarters of standout financial results, many expected Singapore Airlines (SIA) to turn in a dazzling set of numbers last week when it announced its full-year results. Singapore’s national carrier did not disappoint as it reported the highest annual profit in its 76-year history. For the financial year ending March 2023, the SIA Group … Read more
