Soon, visa on arrival for 40 more nations, senior tourists

October 8, 2013

Visa-on-arrivalNew Delhi, Oct 8: India is set to roll out the red carpet for foreign tourists. The government on Monday cleared a slew of measures including extending visa on arrival (VoA) to 40 countries, establishing an online application system for visas and facilitating visa on arrival for pensioners and those attending conferences.

The decision means foreign tourists will be able to apply for an Indian visa from the comfort of their homes while citizens from 40 countries including the US, the UK, Germany, France, Brazil, Russia and China among others will avail visa on arrival when they land on Indian shores. The government has also agreed to extend visa on arrival to foreign travelers above 60 years of age from all countries and cut down the time taken to give visas to groups that are keen to attend conventions.

"There has to be a change in mindset towards the way we treat foreign tourists. All representatives of government agreed on extending visa on arrival to 40 countries and initiating an online system as soon as possible," planning minister Rajeev Shukla said.

The ministries of tourism and home affairs have been tasked with preparing a roadmap since initiating the visa on arrival scheme will require a large amount of infrastructure and manpower. So far, citizens of around 11 countries including Japan, New Zealand and Vietnam can avail visa on arrival.

The government is closely reviewing the online application systems adopted by Sri Lanka where only electronic visas are issued for tourists on short visits.

A consensus was reached on these issues during a high level meeting convened here on Monday by the Planning Commission.

"We want to develop a world class visa regime. I am going to write to the home minister with the outcomes of the meeting aimed at liberalizing the visa regime," Planning Commission deputy chairman Montek Singh Ahluwalia told TOI.

The meeting included the national security advisor, Ahluwalia, representatives from the PMO, Intelligence Bureau, and ministries of external affairs, home and tourism.

"There was broad consensus on simplifying online visa system, relaxing visa regime for all types of conferences and senior citizen foreign tourist or foreign pensioners," Shukla said.

According to the minister, there are many senior citizens, including pensioners, who want to visit India. The government has decided to relax visa norms for a group of four such foreign tourists. But that decision has not been implemented so far. The home ministry was of the view that visa on arrival could be expanded to include more countries, but there is shortage of staff.

"Tourism ministry was willing to share its budget with the home ministry so that more officers can be posted on immigration counters that could facilitate visa on arrival," Ahluwalia said.

Another suggestion was to bring down the number of categories of visas from the existing 16 to just three -- employment, business and visitor.

It was also decided that visa on arrival visa facility would be extended to more airports like Goa, Gaya, Chandigarh and Amritsar which have a large flow of foreign tourists.

At present, visa on arrival facility is available at international airports of Delhi, Chennai, Kolkata, Mumbai, Kochi, Hyderabad, Bangalore, Kochi and Thiruvananthapuram.

The move has been initiated after growing realization that the tourism sector can act as a bridge in the current account deficit crisis that India is facing. During 2012-13, CAD was at an all-time high of 4.8% of GDP or $88.2 billion. Government proposes to bring it down to $70 billion or 3.8% of GDP.

According to sources, Congress vice-president Rahul Gandhi had also discussed the issue with top officials of ministries like tourism for relaxing visa norms for more countries.

In 2012, India received 6.58 million foreign tourists, up 4.3% over the previous year. India's foreign exchange earnings in 2012 from tourists were $17.74 billion, showing an increase of 7.1% year-on-year. However, the last few months have seen a dollarless growth.

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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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News Network
February 28,2020

Feb 28: National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices.

The largest oil supplier has spent over Rs 17,000 crore to upgrade its refineries to produce the low-sulfur diesel and petrol, the company's chairman Sanjiv Singh told reporters here.

Without disclosing the quantum of price increase, Singh said, “there will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will be run on new fuels, which will have a sulphur content of only 10 parts per million (ppm) as against the present 50 ppm.

“But let me assure you, we will not be burdening the consumers with a steep hike,” Singh said.

He said, state-run oil marketing companies (OMCs) have invested Rs 35,000 crore to upgrade their refineries, of which Rs 17,000 crore have been spent by IOC alone.

Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.

HPCL had said from February 26-27 it was ready with BS-VI fuels and that it would sell only the new fuels from March 1.

IOC switched to BS-VI fuel production a fortnight ago and all its depots and containers are ready now, Singh said.

However, he said some remote locations, where the intake is very low, will take some more time to switch. But the company is planning to drain out the entire BS-IV stock and replenish the new fuels at such locations, he added.

Further, it has been reported that the companies will have to increase prices by 70-120 paise a litre, but Singh said, to arrive such a weighted average is not possible given the complexities of each refinery.

He, however, asserted that the price hike will not be a burden on consumers.

We are not looking at this investment from a pure return on investment basis, but this is a national mandate and we have done it.

Having said that, all those countries that moved to low emission fuels are charging higher prices; and from April 1, our prices will also be benchmarked against Euro VI prices as against the present practice of the cost-plus model, Singh concluded.

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News Network
April 13,2020

Apr 13: The Supreme Court of India has said Indian expatriates stranded abroad cannot be flown back immediately. All petitions before India's apex court which sought directions or orders to 'bring back Indians stranded in various countries abroad' has been deferred for four weeks, according to Indian media reports.

The Chief Justice of India Sharad Arvind Bobde led bench took up matters pertaining to evacuation of Indian citizens stranded abroad amid the Covid19 pandemic.
Supreme Court today deferred for 4 weeks, all the petitions before it which sought directions or orders to 'bring back Indians stranded in various countries abroad'.

A total of seven petitions seeking directions from Court on the immediate evacuation of Indian nationals from UK, US, Iran and Gulf countries were taken up simultaneously.

Bobde said, "Stay where you are. People in other countries cannot be brought back right now"

Foreigners stuck in India granted visa extension

Furthermore, the Indian Ministry of Home Affairs (MHA) has announced a visa extension for all foreigners who are stranded in in India due to ongoing travel restrictions imposed by the government.

Regular visa,e-visa or stay stipulation of such foreigners stranded in India due to travel restrictions by Indian Authorities&whose visas have expired/would be expiring between 01.02&30.04, would be extended till 30 April on gratis basis,after online application by foreigners:MHA

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