PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief') IBC - Corporate Insolvency Resolution Process can be initiated for failure to repay debt due and payable : NCLT (See 'Legal Desk') CCO declares grading of coal and lignite mines (See 'Corp Brief') SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC (See 'Legal Desk') PM addresses Conference on Disaster Resilient Infrastructure (See 'Corp Brief') SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'Legal Desk') CCI okays subscription to debentures of Napino Auto by IFC (See 'Corp Brief') Constitution of India - Writ jurisdiction of Court cannot be used by party for collecting evidence and documents against another party, against whom petitioner has pending disputes : HC (See 'Legal Desk') World Energy Congress 2024: Power Secy, Ambassador to Netherlands inaugurate India Pavilion (See 'Corp Brief') PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC (See 'Legal Desk') Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI (See 'Legal Desk') CSIR implements new in-house 'Accounts Manager Software' for financial management (See 'Corp Brief') PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC (See 'Legal Desk') SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC (See 'Legal Desk') IREDA reports All-Time High Annual Net Profit, NPAs below 1% (See 'Corp Brief') SARFAESI Act - District Magistrate is under statutory obligation to decide application u/s 14 of the SARFAESI Act within thirty days : HC (See 'Legal Desk') IBC - Wilful defaulter proceeding cannot be relatable to recovery of debt but is merely an off-shoot of debt : HC (See 'Legal Desk') Competition Act - Since it is agreement between enterprise and end consumer, same is not covered within ambit of Section 3(4) of Act: CCI (See 'Legal Desk') Govt announces election of 11 members Veterinary Council of India (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk')

Print

Foreign Exchange Earnings (in Rupee and US $ Terms) through Tourism in India in December 2017

Published: Jan 18, 2018

By TIOLCORPLAWS News Service

NEW DELHI, JAN 18, 2018: Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI.

The highlights of the estimates of FEEs from tourism in India for December 2017 and Jan-Dec 2017 are as below:

Foreign Exchange Earnings (FEEs) through Tourism (in Rs. terms)

FEEs during the month of December 2017 were Rs. 19,514 crore as compared to Rs. 16,558 crore in December 2016 and Rs. 14,152 crore in December 2015 .

The growth rate in FEEs in rupee terms in December 2017 over December 2016 has increased to 17.9%, compared to 17.0% in December 2016 over December 2015.

FEEs during 2017 were Rs. 1,80,379  crore with a growth of 17.0% over 2016. Whereas, the FEEs during 2016 were Rs.1,54,146  crore with a growth of 14.0% over 2015.

Foreign Exchange Earnings (FEEs) through Tourism (in US $ terms)

FEEs in US$ terms during the month of December 2017 were US$ 3.038 billion as compared to FEEs of US$ 2.439 billion during the month of December 2016 and US$ 2.126 billion in December 2015.

The growth rate in FEEs in US$ terms in December 2017 over December 2016 has increased to 24.6% compared to the growth of 14.7% in December 2016 over December 2015.

FEEs during 2017 were US$ 27.693 billion with a growth of 20.8% over 2016.  Whereas, the FEEs during 2016 were US$ 22.923 billion with a growth of 8.8% over 2015.

Note: Estimates of FEEs are based on following factors:-

Per capita FEEs during Oct-Dec 2016= RBI's credit figure for travel (Oct-Dec 16)/FTAs (Oct-Dec 16)

FTAs for December 2017.

Inflation factor based on CPI (U) for December 2017.

 

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.