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Rupee volatility in Q3 expected to offer some support to banks’ forex income

In the December quarter, the rupee depreciated 1.21 percent, even falling past the psychological mark of 91 against the dollar as Trump's tariff continued to weigh on the currency

Foreign exchange earnings in 2017 grow by 17 percent in 2017

The ministry, which records FEEs every month, said the FEEs from tourism in December 2017 registered a spike of almost 18 percent when compared to the same period in 2016.

3.2% growth in foreign tourist arrivals

Foreign exchange earnings from tourism during December 2015 were Rs 13,253 crore as against Rs 12,988 crore in December 2014, a growth of 2 percent.

Tourism fetches Rs 3.22 lakh cr foreign exchange in 3 years

To promote tourism, the Ministry provides assistance for large revenue generating projects and infrastructure development, among others. In the last fiscal (2014-15), two schemes - Swadesh Darshan and National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD) - were launched.

Budget 2015-16: Exempt service tax on package tours, says Cox & Kings

Like exporters, based on foreign exchange earnings, tour operators should also get exemption of service tax on package tours as the payment is received in foreign exchange.

Little to cheer for hospitality industry in 2011

As concerns of euro-zone economic crisis and weak rupee cast shadow on India's hospitality sector, there were few reasons to raise a toast in 2011 for the industry despite increase in both inbound and domestic travel.