News Update

RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesIsrael-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
About 25% foreign tourists arrive on e-visa in Feb, 2018

 

By TIOL News Service

NEW DELHI, MARCH 21, 2018: THE month of February has recorded 10.53 lakh Foreign Tourist Arrivals (FTAs) as compared to FTAs of 9.56 lakh in February, 2017 and 8.49 lakh in February, 2016.

The other key highlights of the data are:

++ The growth rate in FTAs in February, 2018 over February, 2017 was 10.1%, compared to 12.7% in February, 2017 over February, 2016.
 
++ FTAs during the period January- February 2018 were 21.19 lakh with a growth of 9.2%, as compared to the FTAs of 19.40 lakh with a growth of 14.6% in January- February 2017 over January- February 2016.
 
++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2018 among the top 15 source countries was highest from Bangladesh (18.28%) followed by USA (12.40%), UK (11.75%), Canada (4.36%), Russian Federation (4.20%), France (3.24%), Malaysia (3.14%), Germany (3.04%), Sri Lanka (2.89%), Australia (2.65%), China (2.33%), Japan (2.09%), Thailand (1.92%), Afghanistan (1.65%) and Nepal (1.41%) .  
                                                                                                      
++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2018 among the top 15 ports was highest at Delhi Airport (30.95%) followed by Mumbai Airport (15.85%), Haridaspur Land Check Post (8.58%), Chennai Airport (6.60%), Goa Airport (5.32%), Bengaluru Airport (4.93%), Kolkata Airport (4.75%), Cochin Airport (2.63%), Gede Rail Land Check Post (2.58%), Hyderabad Airport (2.39%),Ahmedabad Airport (2.05%), Amritsar Airport (1.46%), Sonauli Airport (1.28%),  Ghojadanga Land Check Post (1.27%) and Trivandrum Airport (1.23%).
Foreign Tourist Arrivals (FTAs) on e-Tourist Visa
 
++ During the month of February, 2018, a total of 2.76 lakh foreign tourists arrived on e-Tourist Visa as compared to 1.70 lakh during the month of February, 2017 registering a growth of 62.0%.
 
++ During January- February 2018, a total of 5.16 lakh tourist arrived on e-Tourist Visa as compared to 3.22 lakh during January-February 2017, registering a growth of 60.3%.
 
++ The percentage share of top 15 source countries availing e- Tourist Visa facilities during  February, 2018 was as follows:

UK (20.1%), USA (10.3%), France (7.0%), Canada (5.5%), Russian Fed (5.4%), China (5.1%), Germany (4.8%), Australia (3.4%), Thailand (2.7%), Italy (2.6%), Oman (1.8%), Korea (Rep.of) (1.7%), Netherlands (1.5%), Malaysia (1.4%),and Spain (1.4%).
 
The percentage share of top 15 ports in foreign tourist arrivals on e-Tourist Visa during February, 2018 was as follows:-
 
New Delhi Airport (43.6%), Mumbai Airport (18.6%), Dabolim (Goa) Airport (9.6%), Chennai Airport (9.5%), Bengaluru Airport (5.6%), Kochi Airport (3.6%), Kolkata Airport (3.1%), Hyderabad Airport (1.8%), Trivandrum Airport (1.6%), Amritsar Airport (1.4%), Ahmadabad Airport (1.3%), Jaipur Airport (0.9%), Gaya Airport (0.8%),Tirchy Airport (0.5%) and Calicut Airport (0.3%).


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.