Government

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Online travel agents liable to deduct TCS under GST: CBEC

Travel agents providing online ticketing and other services will be liable to deduct 1 per cent tax at source under the GST regime as they have been classified as e-commerce

Government

Government to float RFP for merchant bankers over Air India disinvestment

The government will soon float a request for proposal (RFP) for selection of transaction advisor, legal advisor as well as asset valuer for the proposed disinvestment of national carrier Air

Government

Air India seeks $740 million loan to finance purchase of 6 Boeing planes

Air India is looking for bridge loans worth up to $740 million to finance purchase of six Boeing 787-8 planes, according to a tender document. While the government is working

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Cruise market may sail faster on shipping ministry push

If it happens, the government may earn Rs 35,500 crore from direct taxes levied on cruise liners that enter Indian ports. Ministry of Shipping is formulating major plans to boost

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Maitree Express: The friendship train between India and Bangladesh

Maitree Express will allow passengers to complete immigration and customs at point of departure. By reinstating two railway routes from the British colonial era, India and Bangladesh are hoping for

Government

Making India a Preferred MICE Destination

India is relatively a new entrant in the Global Convention business. Most of the Convention business in India is generated from the domestic market and as per the International Congress

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Book tatkal train tickets on IRCTC website now and pay later

People can now pay later for tickets booked under the tatkal quota on the Indian Railway Catering and Tourism Corp (IRCTC) website, it was announced yesterday. Till now, this service

Government

U.S. to ban travel to North Korea from September 1

The United States has issued a ban prohibiting its citizens traveling to North Korea, a move triggered by the death of a US student imprisoned by Pyongyang during a tourist

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Air India’s current business ‘not sustainable': Government tells Parliamentary panel

Air India’s current business is “not sustainable” as it is neither able to generate enough cash flow nor start repaying even the principal amount on its debt, the government has

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Boeing expects India to order up to 2,100 Aircraft over 20 years

India is one of the world’s fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years. Airplane maker Boeing said