TRAVEL EXPENSES
Indian foreign spending skyrockets 29-fold in a decade
Over the past decade, Indian expenditures on foreign exchange have surged dramatically, increasing from $1.1 bn in FY14 to $31.7 bn in FY24, driven largely by travel expenses. In contrast, remittances from overseas workers into India grew by 71%, rising from $70 bn to $120 bn over the same period. India remains the top recipient of foreign remittances globally, receiving nearly double the amount received by Mexico at $66 bn.
Is your child’s foreign education a crucial goal?
Consider these factors before you start saving for this expensive goal lest you risk your other goals or the child’s future.
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
The Indian wedding industry, worth around Rs 10 lakh crore (USD 130 billion), is second only to food and grocery. Hosting 8-10 million weddings annually, India leads globally. Weddings significantly impact multiple sectors, driving growth in jewelry, apparel, catering, and more. Despite economic classes, spending on weddings often exceeds education costs.
Save money while traveling by availing these budget services, you will not be disappointed!
Travel often comes across as expensive but that is definitely not the case if you have tricks up your sleeve to cut down your expenses but still avail premium services for yourself and your companions at a pocket-friendly price. Here are a list of budget-friendly ideas to cut down your travel expenses to a minimum.
Demand momentum to sustain in travel industry for 4-5 yrs: Thomas Cook's Madhavan Menon
The travel industry is expected to continue growing at a steady pace for the next four to five years, according to Madhavan Menon, executive chairman of Thomas Cook (India). Menon believes that the increasing purchasing power of people who can afford holidays, regardless of the cost, will continue to drive the growth trend. He believes that the Covid-19 pandemic has triggered an evolution in travel and taught companies the importance of productivity.
Australian state invites tourists with surprise job offers. Are you ready?
Tasmania's Off Season offers 10 distinct experiences for those seeking a break from routine. From conducting music in caves to exploring paranormal activities at historical sites, these odd jobs promise adventure and creativity. Essential information for travelers includes visa requirements, biosecurity measures, time zone details, and communication options. Enjoy a winter adventure with these diverse experiences!
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Up to Rs 10 lakh relief in train accident: How a 45 paisa IRCTC travel insurance can be a huge help for your family in case of death or disability
IRCTC travel insurance: Do you know that IRCTC offers an optional travel insurance policy at just 45 paisa premium per passenger. This policy offers coverage up to Rs 10 lakh in cases of death and permanent disability. God forbid if you perish in a train accident, atleast your family will get the required financial assistance.
Go Digit stock likely to face pressure amid elevated combined ratio
After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
Jeff Bezos and Lauren Sanchez vacation in Greece on their expensive yacht. What did they do there?
Jeff Bezos and Lauren Sanchez were spotted exploring Greece. Lauren Sanchez and Jeff Bezos are the owners of two famous yachts.
Is it possible to house a trillion people in space? Jeff Bezos’s vision may run into rough weather
Experts point out that there are numerous challenges while envisaging people staying outside Earth in the solar system. Deep and extensive research will be needed before people can start living in space ships outside our planet.
India Inc's high-flyers in for a travel treat; overseas tour, meet-ups with celebs among unique rewards
Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.
India has been expensive market post COVID for last three years: Gautam Trivedi
China currently is still at about 9 to 9.5 times calendar 25 PE, we are at 21, 21.5 times, so still a huge premium to China. So, I said, over the past three years, India has been expensive post COVID. You have still put money. In fact, last year, they put cumulative $21 billion of net FPI flows into India. So, year-to-date why are you selling? And they said, finally, we do have an alternative.
Travel Insurance: What you need to know before you plan your next international trip
Travel insurance provides coverage for travel risks, including medical support, flight cancellations, and emergency evacuation. It is not always mandatory but advisable for international travel. Policies include trip-wise insurance and group travel insurance.
Top five countries where you’ll pay the most and least for public transport
Public transport is vital for tourists as it provides an affordable, efficient way to explore cities, reach attractions, and experience local life. It simplifies navigation, reduces travel costs, and minimizes environmental impact, enhancing the overall travel experience. Here are the top 5 most expensive public transport systems
Valuations in PSU capital goods, infra & defence remain expensive: Pratik Gupta
The macro environment is extremely stable, whether it is the fiscal deficit, the current account deficit, inflation, forex reserves, so that is really one of the big attractions for both global as well as domestic investors.
Online travel aggregator Ixigo sets Rs 88-93 price band for IPO to raise Rs 740 crore
The company filed its draft red herring prospectus (DRHP) with the markets regulator in February and received approval in May. Ixigo IPO is scheduled to launch on June 10 and close on June 12. The company aims to raise a total of Rs 740 crore through the public issue.
Here’s how this Gujarati chartered accountant bagged free stay for his kids & cut transport expenses in Dubai
Shah disclosed his accommodation at a hotel charging Rs 12,000 per day. The entrepreneur emphasized his preference for hotels where additional charges for his children were not incurred. "It's always a challenge with growing kids, but fortunately, I consistently find deals where the 'Free Kids' allowance aligns with my children's ages. Moreover, these hotels offer access to Kids Clubs with babysitting services and various activities for children," he wrote.
'Anyone can do Everest Basecamp trekking': Desk jockey bizman shares tips to prepare for world's toughest trek
Entrepreneur Neel Parekh shared that anyone with average fitness can complete the Mount Everest Base Camp trek, noting it isn't overly technical but is long. He emphasized stair training and using rocky trails for preparation. The trek takes 12-15 days, costs Rs 50,000 to Rs 1 lakh excluding permits and flights, and the best seasons are April-June and September-October.
Airfares peaking as travellers in Europe, Asia seek savings
Airfares in Europe and Asia are plateauing or declining, signaling a slowdown in post-COVID travel demand. Airlines are facing challenges with higher costs and limited aircraft availability.
Flying to the UAE? Dubai, Abu Dhabi increase checks to prevent misuse of tourist visas
Stricter immigration checks at Dubai and Abu Dhabi airports now require visitors to show proof of ₹60,000 in their bank account or a credit card and return ticket. First-time travelers from Tamil Nadu and Kerala are under scrutiny.
Indians break records with $31.7 billion overseas spending in FY24; international travel biggest expense
The Liberalised Remittance Scheme (LRS) witnessed Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. The data reveals a surge in international travel spending, surpassing education expenses. Travel expenditures accounted for 53.6% of LRS spending, marking a significant shift from pre-pandemic trends.
Central govt employees, private employees can't claim LTA if they don't follow these rules; LTA eligibility, other latest updates
LTA for central govt employees: Employers offer Leave Travel Allowance (LTA) to offset travel expenses during leave. It covers airfare, train tickets, or public transport, but reimbursement is capped by employer or tax limits. Confusions arise, especially with air travel. Here's a breakdown: Can you claim LTA with a confirmed flight ticket? Does the booking platform matter? Is family included? What documents are required for flight-based LTA claims?
6 Travel expenses for which you can use a personal loan
Personal loans from IDFC FIRST Bank, specifically FIRSTmoney, help cover travel expenses without draining savings. FIRSTmoney's digital loans offer flexible fund access for stress-free travel planning.
Travel credit cards: 5 smart things to know
A travel credit card is specifically designed to provide benefits that are related to travel expenses.
A taste of Europe trip at half the cost: How to plan Kazakhstan or Georgia or Azerbaijan or Uzbekistan or Kyrgyzstan trip for Rs. 1 lakh
A clutch of countries in the south of Caucasus and Central Asia provide a whiff of Europe without snapping your budget. Within sniffing distance of Europe and straddling the Eurasian cusp, these are perfect destinations as they combine unsurpassed natural beauty with cultural overdose. Detailed budget and itinerary for Kazakhstan, Georgia, Azerbaijan, Uzbekistan and Kyrgyzstan trips this summer. Happy holidays!
Revolutionizing Business Travel: How myBiz is Redefining Corporate Travel Management
Leading change, myBiz by MakeMyTrip shines as a quintessential example of a company evolving rapidly to effectively cater to the dynamic needs and shifting expectations of the corporate travel sector. Here’s a look at some of the groundbreaking technological features that distinguish myBiz’s suite of solutions beyond traditional travel management practices.
Health insurance for your ageing parents is now possible as IRDAI scraps age limit
The Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for purchasing health insurance policies, aiming to broaden the market and offer comprehensive coverage. This change, effective from April 1, makes health insurance more inclusive and accessible to individuals of all ages. Insurers are now required to offer policies to all age groups and cover pre-existing medical conditions.
How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and more
Leave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends to family – covering travel costs for your spouse and dependent children, and family members. To claim LTA, you need to submit documented proof of travel costs to your employer within the stipulated deadlines. Who can claim LTA? What are the documents that you need to submit? What are the conditions you need to keep in mind while claiming LTA? All questions answered.
Flying around US with luggage is about to get more expensive
United Airlines, American Airlines, and JetBlue Airways have announced hikes in checked baggage fees for customers traveling within North America due to increasing costs and weakening pricing power.
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