Last-minute bookings keep afloat India’s travel market

New flight booking data released by Amadeus has revealed that COVID-19 pandemic has had a significant effect on flight booking lead times in India since March 2020.  According to Amadeus’ first COVID-19 Travel Insights bulletin, flight booking lead times in India decreased by 68% between March-July 2020 compared to the same period in 2018 and 2019 – the biggest change seen across the APAC region.

The bulletin also found that Indian travellers are currently the most last minute in the region when it comes to booking flights – making flight bookings on average only 10 days before their departure date between March-July 2020.

According to Cyril Tetaz, executive vice president of airlines in Amadeus Asia Pacific, this shift towards last-minute bookings has major implications for how India’s travel industry should begin to think about recovery going into 2021.

“We expected that a greater number of passengers would prefer to book

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After travel and Covid, now buy car and bike insurance on Walmart’s PhonePe with these benefits



text, whiteboard: PhonePe entered into financial services space back in 2017 with the launch of its digital gold allowing users to buy 24-karat gold on its platform.


© Provided by The Financial Express
PhonePe entered into financial services space back in 2017 with the launch of its digital gold allowing users to buy 24-karat gold on its platform.

Digital payments platform PhonePe has further strengthened its insurance portfolio. The company has now expanded into car and bike insurance segment in tie-up with Bajaj Allianz General Insurance. PhonePe had forayed into insurance vertical beginning with travel insurance back in January this year followed by Coronavirus insurance in April with Bajaj Allianz General Insurance. Walmart-owned Flipkart had also entered into car and two-wheeler insurance market in May this year after offering life and Covid-19 health insurances. Later in July, Amazon’s payment arm Amazon Pay followed suit by offering two and four-wheeler insurance policies in partnership with car and bike insurance startup Acko General Insurance.

PhonePe, which claimed of over 230 million registered users, said that car and bike insurance

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Indian Workers in Libya Released after Month-long Abduction | India

CAIRO — An armed group has released seven Indian workers a month after their abduction in Libya, the Indian Foreign Ministry said Oct. 12.

The Indian nationals, who are engineers and technicians working for an oil services company, were freed Oct. 11 after negotiations with the armed group, the interior ministry of eastern Libya’s government said in a statement. It was not immediately clear who was behind the abduction.

In recent years India, like many other countries, has imposed a travel ban on Libya because of the security situation in the mostly lawless North African country.

India’s Foreign Ministry Oct. 12 confirmed the kidnapped workers’ release after “steadfast cooperation” from Libyan authorities and tribal elders in the region.

It said the workers, who were abducted on Sep. 14 while at Al-Shwerif, over 400 kilometers (248 miles) southwest of Tripoli, were handed over to their employer, the al-Shola al-Mudia company, in

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India’s medical travel sector versus the government



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13 October

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Get TV Channels to Watch in India and Free Telecast Time in IST

Argentina will look to their keep their winning momentum alive when they travel to Bolivia in their second game of the CONMEBOL 2022 World Cup qualifier. A Lionel Messi penalty was enough for the Argentinians to win their opening game against Ecuador. But the manner of the win would not have gone down well with the fans with Argentina creating precious little. Playing against Bolivia in an away tie is always a challenge owing to the harsh conditions and it will be interesting to see how the visitors cope up. Bolivia come into the game on the back of a 5-0 thrashing at the hands of Brazil which is not an ideal situation. Bolivia versus Argentina starts at 1:30 am IST. Lionel Messi’s Early Goal Helps Argentina Secure 1-0 Win Over Ecuador In 2022 World Cup Qualifiers, Netizens Hail Barcelona Legend (Watch Video).

Also Read | How to Watch Brazil

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India announces economic stimulus to boost demand by US$10bil; big growth in mobile subscriber base

NEW DELHI, Oct 13 (Reuters): India has announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

The government will allow its employees to spend tax-exempt travel allowances on goods and services, Nirmala Sitharaman, India’s finance minister told a news briefing.

She said the government will also shore up investment by spending extra 250 billion rupees (US$3.41 billion) on roads, ports and defence projects, and offering 120 billion rupees in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.

“All these measures are likely to create an additional demand of 730 billion rupees (US$9.96 billion),” Sitharaman said, adding the proposals would stimulate demand in a “fiscally prudent way.”

Prime Minister Narendra Modi’s government, which imposed a tough lockdown to stem the

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Indian workers in Libya released after monthlong abduction

CAIRO — An armed group has released seven Indian workers a month after their abduction in Libya, the Indian Foreign Ministry said on Monday.

The Indian nationals, who are engineers and technicians working for an oil services company, were freed on Sunday after negotiations with the armed group, the interior ministry of eastern Libya’s government said in a statement. It was not immediately clear who was behind the abduction.

In recent years India, like many other countries, has imposed a travel ban on Libya because of the security situation in the mostly lawless North African country.

India’s Foreign Ministry on Monday confirmed the kidnapped workers’ release after “steadfast cooperation” from Libyan authorities and tribal elders in the region.

It said the workers, who were abducted on Sep. 14 while at Al-Shwerif, over 400 kilometers (248 miles) southwest of Tripoli, were handed over to their employer, the al-Shola al-Mudia company, in

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Hiring activity in India up 24% in September : The Tribune India

New Delhi, October 12

Driven by industries like pharma, fast-moving consumer goods, education and IT, hiring activity in India saw a growth of 24 per cent in September compared to the previous month, according to a new report by job portal Naukri on Monday.

Further opening up of the economy with unlock measures and increased mobility has led to an improvement in hiring activities in industries like real estate, auto/ancillary and hospitality/travel versus August, revealed the Naukri JobSpeak Index for September.

Key industries such as business process outsourcing (BPO)/IT enabled Services (ITeS) and banking and financial services continue to post robust growth sequentially, said the report.

“While the hiring is yet to touch last year levels and is down by 23% in Sept’20 versus Sept’19 but this is also a marked recovery from a 35%-60% decline that we have witnessed in the last few months,” Pawan Goyal, Chief Business Officer,

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lockdown: Business travel picks up in India for first time since lockdown

Few key executives and engineers of Skoda Auto Volkswagen India have travelled in the last six months to revamp its factory, sales and service outlets.

Synopsis

Top corporates such as Maruti Suzuki, Hyundai, Mercedes Benz, ITC, Parle Products, Vivo, Oppo, Lenovo, Mondelez, and Panasonic have given some relaxation to travel restrictions for critical work and projects which cannot be completed through video-conferencing.

Kolkata/Mumbai: Business travel has picked up in India for the first time since the lockdown with several top corporates allowing employees, including chief executives, business heads and even mid-level managers, to travel in both domestic and international routes.Top corporates such as Maruti Suzuki, Hyundai, Mercedes Benz, ITC, Parle Products, Vivo, Oppo, Lenovo, Mondelez, and Panasonic have given some relaxation to travel restrictions for

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India announces economic stimulus to boost demand by $10 billion

NEW DELHI (Reuters) – India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

FILE PHOTO: Finance Minister Nirmala Sitharaman arrives at her office before leaving for parliament to present the federal budget in New Delhi, India, July 5, 2019. REUTERS/Anushree Fadnavis/File photo

The government will allow its employees to spend tax-exempt travel allowances on goods and services, Nirmala Sitharaman, India’s finance minister told a news briefing.

She said the government will also shore up investment by spending extra 250 billion rupees ($3.41 billion)on roads, ports and defence projects, and offering 120 billion rupees in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.

“All these measures are likely to create an additional

Read More