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Foreign investors have withdrawn nearly Rs 20,000 crore from Indian stock markets in just five trading days (November 4–8), continuing a trend of large-scale selling that began last month. Experts say investors are now moving their money to China, largely due to the high valuations presently prevailing in Indian markets. In early November, FPIs have offloaded as much as Rs 19,994 crore in Indian markets. The month prior, i.e., October, was one of the worst months in terms of foreign outflows, with FPIs making a net withdrawal of Rs 94,017 crore. Before this, Indian markets faced such a situation during the pandemic, when FPIs withdrew Rs 61,973 crore from equities in March 2020. <h2>Why Are Investors Leaving? </h2>According to Himanshu Srivastava of Morningstar Investment Research India, two main factors are driving this exodus. First is China's renewed appeal due to lower stock valuations and new economic stimulus measures. In a bid to nudge the domestic economy and bail state governments, China recently approved a 10-trillion yuan (US $1.4 trillion) package. Per reports, approximately 60% of this stimulus focuses on allowing local governments to refinance the mountain of debt on them. Srivastava explains foreign investors are also flocking to US dollar and Treasury yields, which have appreciated significantly in the recent past, leading FPIs to anticipate a stronger US economy going ahead. Moreover, high valuations in Indian markets are discouraging foreign investors from putting more money in the economy. As a result, over the past week, the selling pressure eroded Rs 74,563 crore in market value for Reliance Industries, while Bharti Airtel and ICICI Bank lost Rs 26,274 crore and Rs 22,254 crore, respectively. The combined market valuation of six of the top 10 most-valued firms dipped by Rs 1,55,721.12 crore last week. <h2> Silver linings</h2>Despite the ongoing outflux of funds since last month, November also saw unprecedented applications of about 40–50 new FPI registrations, which are eyeing to enter the Indian market. This was due to markets SEBIs recent relaxation to NRIs, permitting them to participate up to 100% and announcing measures for ease of entry and operations in India. On the other hand, FPIs invested Rs 599 crore in the debt general limit and Rs 2,896 crore in the debt voluntary retention route (VRR) during the period under review. So far this year, FPIs have invested Rs 1.06 lakh crore in the debt market. <li class="whitespace-normal break-words"></li>Going ahead, investors will be looking for certain macroeconomic cues, which include corporate earnings reports, India's inflation (CPI) and industrial production (IIP) data on November 12, the US inflation report on November 13, and wholesale price index (WPI) data on November 14.

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

Going on a journey beyond borders is a dream shared by many Indian travellers seeking experiences beyond the ordinary. In 2024, the world will unveil its treasures, inviting discerning travellers to immerse themselves in opulence and cultural richness. Here's an in-depth exploration of the top high-end <keyword id="20881378" type="General" weightage="20" keywordseo="international-destinations" source="keywords">international destinations</keyword> tailored for Indian travellers, promising unforgettable escapades and cherished memories. <cmsannotation type="cmsannotation" annotationid="Paris, France: The Quintessence of Romance and Elegance" comment="subhead" text="Paris, France: The Quintessence of Romance and Elegance">Paris, France: The Quintessence of Romance and Elegance</cmsannotation> <div type="image" title="1" msid="110879775" hostid="261" sizebytes="1607983" caption="&amp;lt;p&amp;gt;The Eiffel Tower&amp;lt;/p&amp;gt;"></div>Paris, often dubbed the "City of Love and Lights," exudes an irresistible charm with its romantic ambience, exquisite cuisine, and iconic landmarks. From the grandeur of the Eiffel Tower to the artistic allure of the Louvre Museum, Paris captivates with its timeless elegance. Must-Do: Savor the flavours of French gastronomy at Michelin-starred restaurants, meander along the picturesque banks of the Seine River, and explore the enchanting neighbourhoods of Montmartre and Le Marais, each exuding its unique allure. Best time to visit: The best times to visit are in the spring (April to June) and fall (September to November) when the weather is mild, and the tourist crowds are smaller. <cmsannotation type="cmsannotation" annotationid="Santorini, Greece: A Mesmerizing Gem in the Aegean Sea" comment="subhead" text="Santorini, Greece: A Mesmerizing Gem in the Aegean Sea">Santorini, Greece: A Mesmerizing Gem in the Aegean Sea</cmsannotation> <div type="image" title="2" msid="110879781" hostid="261" sizebytes="2272895" caption="&amp;lt;p&amp;gt;Breathtaking sunset over the iconic blue domes of Oia.&amp;lt;/p&amp;gt;"></div>Santorini emerges as a Mediterranean paradise, boasting breathtaking sunsets, cascading whitewashed buildings, and crystalline waters that beckon travellers seeking serenity and luxury. Its postcard-perfect landscapes and romantic ambience make it a coveted destination for couples and discerning travellers alike. Must-Do: Delight in the spectacle of the sunset in Oia, immerse yourself in the ancient history of Akrotiri's ruins, and take on a culinary journey through local vineyards, indulging in the flavours of Santorini's renowned wines. Best time to visit: The ideal time is from late April to early November, with the peak season being June to September. For fewer crowds, visit in May or October. <cmsannotation type="cmsannotation" annotationid="Kyoto, Japan: An Ode to Tradition and Tranquility" comment="subhead" text="Kyoto, Japan: An Ode to Tradition and Tranquility">Kyoto, Japan: An Ode to Tradition and Tranquility</cmsannotation> <div type="image" title="3" msid="110879794" hostid="261" sizebytes="1559841" caption="&amp;lt;p&amp;gt;The serene beauty of Kyoto&amp;#39;s Golden Pavilion in autumn.&amp;lt;/p&amp;gt;"></div>Kyoto stands as a timeless testament to Japan's rich cultural heritage, offering a serene sanctuary amidst bustling modernity. With its ornate temples, meticulously tended gardens, and traditional tea houses, Kyoto invites travellers to delve into a world of tranquillity and spiritual enlightenment. Must-Do: Wander through the hallowed grounds of Kinkaku-ji (Golden Pavilion) and Fushimi Inari Shrine, partake in a tea ceremony steeped in centuries of tradition, and stroll along the historic alleyways of Gion, where geishas gracefully traverse the streets. Best time to visit: The best times are during the cherry blossom season (late March to early April) and the autumn foliage period (October to November). <cmsannotation type="cmsannotation" annotationid="Dubai, UAE: A Oasis of Extravagance and Innovation" comment="subhead" text="Dubai, UAE: A Oasis of Extravagance and Innovation">Dubai, UAE: A Oasis of Extravagance and Innovation</cmsannotation> <div type="image" title="4" msid="110879800" hostid="261" sizebytes="2091447" caption="&amp;lt;p&amp;gt;The Burj Khalifa pierces the sky in Dubai&amp;#39;s futuristic skyline.&amp;lt;/p&amp;gt;"></div>Dubai, a glittering metropolis rising from the desert sands, epitomises luxury and innovation on an unprecedented scale. With its futuristic skyline, world-class shopping malls, and awe-inspiring attractions, Dubai offers an unparalleled playground for affluent travellers. Must-Do: Ascend to dizzying heights atop the Burj Khalifa, indulge in a shopping spree at the sprawling Dubai Mall, and savour culinary delights at Michelin-starred restaurants offering cuisines from around the globe. Best time to visit: The best time to visit is between November and March when the weather is pleasant and suitable for outdoor activities. Read - <a href="https://www.businessinsider.in/travel/international/article/best-places-to-visit-in-dubai-with-family/articleshow/110557185.cms" data-type="tilCustomLink" target="_blank">Best places to visit in Dubai with Family</a> <cmsannotation type="cmsannotation" annotationid="Bora Bora, French Polynesia: A Paradise Untouched by Time" comment="subhead" text="Bora Bora, French Polynesia: A Paradise Untouched by Time">Bora Bora, French Polynesia: A Paradise Untouched by Time</cmsannotation> <div type="image" title="5" msid="110879811" hostid="261" sizebytes="1964774" caption="&amp;lt;p&amp;gt;Overwater bungalow float on Bora Bora&amp;#39;s turquoise lagoon.&amp;lt;/p&amp;gt;"></div>Bora Bora, a jewel situated in the heart of the South Pacific, enchants with its pristine beaches, crystalline lagoon, and iconic overwater bungalows. Renowned for its unparalleled beauty and seclusion, Bora Bora beckons travellers seeking the epitome of tropical luxury. Must-Do: Dive into the azure depths of the lagoon to swim with sharks and rays, take on a sunset cruise to witness nature's spectacle, and pamper yourself with indulgent spa treatments inspired by Polynesian traditions. Best time to visit: The best time is during the dry season, from May to October, offering the most favourable weather conditions. <cmsannotation type="cmsannotation" annotationid="Venice, Italy: The City of Canals and Artistry" comment="subhead" text="Venice, Italy: The City of Canals and Artistry">Venice, Italy: The City of Canals and Artistry</cmsannotation> <div type="image" title="6" msid="110879827" hostid="261" sizebytes="1831656" caption="&amp;lt;p&amp;gt;A gondola glides through Venice&amp;#39;s picturesque canals.&amp;lt;/p&amp;gt;"></div>Venice is a city like no other, with its intricate network of canals, historic architecture, and rich artistic heritage. It's a haven for those seeking a blend of romance, history, and cultural splendour. Must-Do: Glide through the canals on a traditional gondola, marvel at the opulence of St. Mark's Basilica, and explore the art-filled galleries and museums. Don't miss the chance to witness the grandeur of the Venice Biennale, a world-renowned art exhibition. Best time to visit: Spring and fall offer pleasant weather and fewer crowds compared to the peak summer months. These periods provide a comfortable climate for exploring the city's landmarks and enjoying outdoor activities. <cmsannotation type="cmsannotation" annotationid="Reykjavik, Iceland: The Land of Fire and Ice" comment="subhead" text="Reykjavik, Iceland: The Land of Fire and Ice">Reykjavik, Iceland: The Land of Fire and Ice</cmsannotation> <div type="image" title="7" msid="110879835" hostid="261" sizebytes="2273631" caption="&amp;lt;p&amp;gt;Reykjavik&amp;#39;s snowy landscape&amp;lt;/p&amp;gt;"></div>Reykjavik, the vibrant capital of Iceland, serves as the perfect gateway to the country's dramatic landscapes, from volcanoes and glaciers to geysers and hot springs. It's an ideal destination for nature lovers and adventure seekers. Must-Do: Experience the ethereal Northern Lights, relax in the geothermal waters of the Blue Lagoon, and take a scenic drive along the Golden Circle to see geysers, waterfalls, and volcanic craters. Don't forget to explore the city's quirky cafes and vibrant nightlife. Best time to visit: Summer (June to August) offers mild temperatures, extended daylight, and accessible natural attractions. February to March is ideal for witnessing the Northern Lights under clear winter skies. <cmsannotation type="cmsannotation" annotationid="Cape Town, South Africa: A Fusion of Nature and Urban Elegance" comment="subhead" text="Cape Town, South Africa: A Fusion of Nature and Urban Elegance">Cape Town, South Africa: A Fusion of Nature and Urban Elegance</cmsannotation> <div type="image" title="8" msid="110879841" hostid="261" sizebytes="2369873" caption="&amp;lt;p&amp;gt;Table Mountain stands majestically over Cape Town.&amp;lt;/p&amp;gt;"></div>Cape Town is a dynamic city where stunning natural beauty meets sophisticated urban living. From the majestic Table Mountain to the picturesque Winelands, it offers a diverse array of experiences. Must-Do: Ascend Table Mountain for panoramic views, tour the historic Robben Island, and savour world-class wines in Stellenbosch and Franschhoek. The scenic drive along Chapman's Peak and a visit to the penguin colony at Boulders Beach are also must-dos. Best time to visit: November to March represents Cape Town's summer, featuring warm weather perfect for beach activities, outdoor adventures, and exploring vineyards. It's also the best time for festivals and cultural events. <cmsannotation type="cmsannotation" annotationid="Queenstown, New Zealand: The Adventure Capital of the World" comment="subhead" text="Queenstown, New Zealand: The Adventure Capital of the World">Queenstown, New Zealand: The Adventure Capital of the World</cmsannotation> <div type="image" title="9" msid="110879849" hostid="261" sizebytes="1925762" caption="&amp;lt;p&amp;gt;Adventure awaits in Queenstown&amp;#39;s stunning alpine scenery.&amp;lt;/p&amp;gt;"></div>Queenstown is renowned for its breathtaking scenery and thrilling outdoor activities, making it a paradise for adventure enthusiasts and nature lovers alike. Must-Do: Engage in adrenaline-pumping activities like bungee jumping, skydiving, and jet boating. Explore the serene beauty of Milford Sound, hike through stunning landscapes, and enjoy the vibrant dining scene that offers both local and international flavours. Best time to visit: Summer (December to February) is ideal for hiking, water sports, and sightseeing in mild weather. Winter (June to August) caters to skiing and snowboarding enthusiasts in the surrounding alpine resorts. <cmsannotation type="cmsannotation" annotationid="Malé, Maldives: An Idyllic Tropical Haven" comment="subhead" text="Malé, Maldives: An Idyllic Tropical Haven">Malé, Maldives: An Idyllic Tropical Haven</cmsannotation> <div type="image" title="10" msid="110879858" hostid="261" sizebytes="2187158" caption="&amp;lt;p&amp;gt;Pristine beaches and azure waters of the Maldives beckon.&amp;lt;/p&amp;gt;"></div>The Maldives offers an unparalleled luxury escape with its crystal-clear waters, coral reefs, and overwater villas. It's a top destination for those seeking relaxation and natural beauty. Must-Do: Snorkel or dive in the vibrant coral reefs, indulge in a private beach dinner under the stars, and take a seaplane ride for breathtaking aerial views of the atolls. Enjoy water sports, and spa treatments, and explore local island culture. Best time to visit: November to April marks the dry season, with calm seas, clear skies, and ideal conditions for snorkelling, diving, and beach relaxation. It’s the perfect time to experience the Maldives' underwater wonders and luxurious overwater villas. In 2024, the world unfolds its wonders, inviting Indian travellers to go on a journey of luxury, cultural immersion, and unparalleled experiences. Whether you find yourself strolling along the cobblestone streets of Paris, savouring the tranquillity of Kyoto's temples, or marvelling at the futuristic skyline of Dubai, each destination promises a tapestry of memories that will endure a lifetime. Embrace the allure of luxury escapades and let these <keyword id="16697455" type="General" weightage="20" keywordseo="Top-international-destinations" source="Orion">top international destinations</keyword> be the backdrop for your most cherished travel adventures yet. <cmsannotation type="cmsannotation" annotationid="Frequently asked questions" comment="subhead" text="Frequently asked questions">Frequently asked questions</cmsannotation> 1: What sets luxury travel apart from standard travel experiences? Luxury travel emphasises exclusivity, personalised service, and unparalleled comfort. It often includes stays at high-end accommodations, access to unique experiences, and VIP treatment, elevating the overall travel experience. 2: Are these luxury destinations suitable for families with children? While some luxury destinations cater primarily to couples or adult travellers, many offer family-friendly amenities and activities. It's essential to research specific destinations and accommodations to ensure they meet the needs and preferences of your family. 3: What precautions should travellers take when planning luxury travel in 2024, considering global uncertainties? Travellers should stay informed about travel restrictions, health and safety guidelines, and entry requirements for their chosen destinations. It's advisable to purchase travel insurance that provides coverage for trip cancellations, medical emergencies, and other unforeseen circumstances. 4: Are there sustainable and eco-friendly luxury travel options available in these destinations? Yes, many luxury resorts and tour operators prioritise sustainability and environmental conservation. Travellers can choose eco-friendly accommodations, participate in responsible tourism activities, and support local conservation efforts to minimise their environmental impact while enjoying luxury travel experiences. 5: How can travellers ensure they get the most out of their luxury travel experience? Research and planning are key to maximising the luxury travel experience. Travelers should carefully select accommodations, activities, and dining options that align with their preferences and interests. Additionally, communicating any special requests or preferences to travel providers can enhance the overall experience and ensure a memorable journey. SEE ALSO: <a href="https://www.businessinsider.in/travel/international/article/exploring-the-world-on-wheels-international-road-trips-from-india/articleshow/110247281.cms" data-type="tilCustomLink" target="_blank">Exploring the world on wheels: International road trips from India</a>

Luxury Escapes: Top international destinations for Indian travellers in 2024

As the world continues to open up and travel restrictions ease, Indian travellers are eagerly exploring new horizons. According to the report "Travel Trends 2024: Breaking Boundaries," the following ten destinations are at the top of the list for Indian globetrotters this year. Each location offers a unique blend of cultural experiences, scenic beauty, and exciting activities, making them irresistible to the adventurous Indian traveller. <cmsannotation type="cmsannotation" annotationid="Amsterdam, Netherlands" comment="subhead" text="Amsterdam, Netherlands"><keyword id="22442" type="General" weightage="20" keywordseo="Amsterdam" source="Orion">Amsterdam</keyword>, Netherlands</cmsannotation> <div type="image" title="1" msid="110265065" hostid="261" sizebytes="1582190" caption="&amp;lt;p&amp;gt;Biking along Amsterdam&amp;#39;s picturesque canals.&amp;lt;/p&amp;gt;"></div>Amsterdam, with its picturesque canals, vibrant cultural scene, and historic architecture, tops the list of trending destinations. The Dutch capital is renowned for its museums, such as the Van Gogh Museum and the Anne Frank House, which offer deep dives into art and history. Biking through the city's scenic streets, exploring the lively neighbourhoods like Jordaan, and enjoying the thriving café culture make Amsterdam a must-visit. <cmsannotation type="cmsannotation" annotationid="Singapore, Singapore" comment="subhead" text="Singapore, Singapore"><keyword id="6356662" type="General" weightage="20" keywordseo="Singapore" source="Orion">Singapore</keyword>, Singapore</cmsannotation> <div type="image" title="2" msid="110265085" hostid="261" sizebytes="1653618" caption="&amp;lt;p&amp;gt;Home to the iconic Marina Bay Sands and Gardens by the Bay.&amp;lt;/p&amp;gt;"></div>A perennial favourite, Singapore continues to attract Indian travellers with its blend of modernity and tradition. The city-state's iconic landmarks, such as Marina Bay Sands, Gardens by the Bay, and Sentosa Island, offer a plethora of activities. The diverse culinary scene, from hawker centres to Michelin-starred restaurants, provides a gastronomic adventure. Singapore’s efficient public transport and safe environment make it an ideal destination for families and solo travellers alike. <cmsannotation type="cmsannotation" annotationid="London, United Kingdom" comment="subhead" text="London, United Kingdom">London, United Kingdom</cmsannotation> <div type="image" title="8" msid="110265353" hostid="261" sizebytes="2374525" caption="&amp;lt;p&amp;gt;London East Side from The Shard.&amp;lt;/p&amp;gt;"></div>London remains a top choice for Indian travellers due to its rich history, cultural diversity, and numerous attractions. From the historic Tower of London and Buckingham Palace to the contemporary Tate Modern and West End theatres, the city offers endless exploration opportunities. Shopping at Oxford Street, strolling through Hyde Park, and enjoying the vibrant nightlife further enhance the London experience. <cmsannotation type="cmsannotation" annotationid="Frankfurt, Germany" comment="subhead" text="Frankfurt, Germany">Frankfurt, Germany</cmsannotation> <div type="image" title="3" msid="110265152" hostid="261" sizebytes="2139530" caption="&amp;lt;p&amp;gt;Frankfurt&amp;#39;s stunning skyline at dusk.&amp;lt;/p&amp;gt;"></div>Known as the financial hub of Germany, Frankfurt is gaining popularity among Indian travellers for its impressive skyline and rich cultural heritage. The city’s museums, including the Städel Museum and the German Film Museum, cater to diverse interests. The Römer, Frankfurt's medieval town hall, and the charming Altstadt (Old Town) provide a glimpse into the city's history. Additionally, Frankfurt’s central location makes it a great base for exploring other parts of Europe. <cmsannotation type="cmsannotation" annotationid="Melbourne, Australia" comment="subhead" text="Melbourne, Australia">Melbourne, Australia</cmsannotation> <div type="image" title="4" msid="110265166" hostid="261" sizebytes="1682062" caption="&amp;lt;p&amp;gt;Street art and cafes in Melbourne&amp;#39;s vibrant laneways.&amp;lt;/p&amp;gt;"></div>Melbourne's dynamic art scene, world-class dining, and vibrant street culture make it a top destination. Indian travellers are drawn to its laneways adorned with street art, the bustling Queen Victoria Market, and the stunning Royal Botanic Gardens. Melbourne's coffee culture and multicultural festivals, along with nearby attractions like the Great Ocean Road and Phillip Island, offer a comprehensive travel experience. <cmsannotation type="cmsannotation" annotationid="Bali, Indonesia" comment="subhead" text="Bali, Indonesia"><keyword id="19988" type="General" weightage="20" keywordseo="Bali" source="Orion">Bali</keyword>, Indonesia</cmsannotation> <div type="image" title="5" msid="110265191" hostid="261" sizebytes="1458184" caption="&amp;lt;p&amp;gt;Bali, Indonesia &amp;lt;/p&amp;gt;"></div>Bali continues to be a favourite for its idyllic beaches, spiritual retreats, and lush landscapes. Indian travellers flock to this Indonesian paradise for relaxation and adventure alike. From the terraced rice paddies of Ubud to the vibrant nightlife of Seminyak and the surf-friendly beaches of Kuta, Bali offers diverse experiences. The island’s rich culture, evident in its temples and traditional dances, adds to its allure. Read - <a href="https://www.businessinsider.in/travel/news/these-are-10-places-you-must-visit-during-your-next-trip/slidelist/101863670.cms" data-type="tilCustomLink" target="_blank">10 Best places to visit in Bali</a> <cmsannotation type="cmsannotation" annotationid="Montreal, Canada" comment="subhead" text="Montreal, Canada">Montreal, Canada</cmsannotation> <div type="image" title="6" msid="110265223" hostid="261" sizebytes="1502198" caption="&amp;lt;p&amp;gt;Unique blend of French and Canadian cultures.&amp;lt;/p&amp;gt;"></div>Montreal's unique blend of French and Canadian cultures makes it a captivating destination. Known for its vibrant festivals, such as the Montreal International Jazz Festival, and its rich history, the city offers something for everyone. The charming Old Montreal, with its cobblestone streets and historic buildings, contrasts beautifully with the modern downtown area. Indian travellers also enjoy the city's culinary scene, which includes a mix of fine dining and local delicacies. <cmsannotation type="cmsannotation" annotationid="Sydney, Australia" comment="subhead" text="Sydney, Australia">Sydney, Australia</cmsannotation> <div type="image" title="7" msid="110265254" hostid="261" sizebytes="1223801" caption="&amp;lt;p&amp;gt;The iconic Sydney Opera House and Harbour Bridge.&amp;lt;/p&amp;gt;"></div>Sydney's iconic landmarks, including the Sydney Opera House and Harbour Bridge, are major draws for Indian tourists. The city's beautiful beaches, such as Bondi and Manly, offer great spots for relaxation and water sports. Sydney's diverse neighbourhoods, like The Rocks and Darling Harbour, provide cultural and historical insights. The city's vibrant arts scene and world-class dining further enhance its appeal. <cmsannotation type="cmsannotation" annotationid="Brisbane, Australia" comment="subhead" text="Brisbane, Australia">Brisbane, Australia</cmsannotation> <div type="image" title="9" msid="110265300" hostid="261" sizebytes="1956762" caption="&amp;lt;p&amp;gt;Riverside views from South Bank Parklands in Brisbane.&amp;lt;/p&amp;gt;"></div>Brisbane is emerging as a popular destination for its warm climate, outdoor lifestyle, and cultural attractions. The South Bank Parklands, with its river views and recreational facilities, is a favourite among visitors. Brisbane's burgeoning food scene, lively arts and music events, and proximity to the Gold Coast and Sunshine Coast make it an attractive destination for Indian travellers seeking a blend of urban and natural experiences. <cmsannotation type="cmsannotation" annotationid="Munich, Germany" comment="subhead" text="Munich, Germany">Munich, Germany</cmsannotation> <div type="image" title="10" msid="110265317" hostid="261" sizebytes="1594469" caption="&amp;lt;p&amp;gt;The historic Marienplatz square in Munich.&amp;lt;/p&amp;gt;"></div>Munich's rich Bavarian culture, historic sites, and modern amenities make it a top choice. Indian travellers are drawn to its renowned Oktoberfest, beautiful parks like the English Garden, and impressive museums such as the Deutsches Museum. The city's historic Marienplatz and Nymphenburg Palace offer glimpses into its royal past. Munich also serves as a gateway to exploring the scenic Bavarian Alps and nearby castles. The travel trends of 2024 highlight the adventurous spirit of Indian travellers, who are eager to explore diverse destinations that offer a mix of cultural experiences, historical insights, and modern amenities. The first three months of 2024 alone saw an astounding 9.7 crore air travellers, a figure that would have taken a whole year to achieve just a decade ago. This surge in travel underscores the growing enthusiasm and capability of Indian globetrotters to venture far and wide. According to the "Travel Trends 2024: Breaking Boundaries" report, there has been a significant increase in Indian travellers exploring key markets. Visits to Japan surged by 53 per cent, trips to Vietnam skyrocketed by 248 per cent, and travel to the US increased by 59 per cent compared to 2019. These statistics reflect a broader trend of Indian travellers seeking unique and enriching experiences across the globe. From the charming canals of Amsterdam to the vibrant streets of Singapore, the cultural richness of London, and the scenic beauty of Melbourne and Bali, Indian travellers are breaking boundaries and embracing the world with open arms. As they continue to explore top destinations like Montreal, Sydney, Brisbane, and Munich, their journeys contribute to a dynamic and interconnected global travel landscape. SEE ALSO: <a href="https://www.businessinsider.in/travel/international/article/exploring-the-world-on-wheels-international-road-trips-from-india/articleshow/110247281.cms" data-type="tilCustomLink" target="_blank">Exploring the world on wheels: International road trips from India</a>

Top trending international destinations for Indian travellers in 2024

Travelling is an enriching experience that broadens horizons, but it doesn't have to break the bank. For Indian travellers, finding destinations that offer both affordability and memorable experiences is key. Whether you're a backpacker on a budget or a family looking for an economical vacation, there are numerous destinations around the world that won't drain your savings. Here's a list of the top 10 <keyword id="21670461" type="General" weightage="100" keywordseo="most-affordable-countries-to-visit" source="Orion">most affordable countries to visit</keyword> in 2024 for Indians: <cmsannotation type="cmsannotation" annotationid="Nepal" comment="subhead" text="Nepal">Nepal</cmsannotation> <div type="image" title="1" msid="110147224" hostid="261" sizebytes="1833651" caption="&amp;lt;p&amp;gt;Breathtaking Himalayan vistas await trekkers in Nepal&amp;lt;/p&amp;gt;"></div>Known for its breathtaking Himalayan landscapes and rich cultural heritage, Nepal is a budget traveler's paradise. From trekking in the Annapurna region to exploring ancient temples in Kathmandu, there's something for every type of traveller. Accommodation, food, and transportation are all incredibly affordable, making Nepal an ideal destination for Indian travellers. Best time to visit: September to November (autumn) or February to April (spring). Things to do: Trek to Everest Base Camp or Annapurna Circuit, Enjoy paragliding with breathtaking views of the mountains in Pokhara and Explore the UNESCO World Heritage Sites in Kathmandu Valley. Currency: Nepalese Rupee (NPR) Must-pack items: <ul><li>Lightweight and breathable clothing suitable for trekking and exploring.</li><li>Trekking gear such as sturdy hiking boots, waterproof jackets, and backpacks.</li><li>Sunscreen, sunglasses, and a wide-brimmed hat for protection against the sun.</li></ul><cmsannotation type="cmsannotation" annotationid="Sri Lanka" comment="subhead" text="Sri Lanka">Sri Lanka</cmsannotation> <div type="image" title="2" msid="110147261" hostid="261" sizebytes="1642532" caption="&amp;lt;p&amp;gt;Discover ancient wonders and golden beaches in Sri Lanka&amp;lt;/p&amp;gt;"></div>Just a short flight away from India, Sri Lanka offers a diverse range of experiences, from pristine beaches to lush tea plantations and ancient ruins. Travelling around the island is relatively cheap, with options ranging from budget guesthouses to mid-range hotels. Don't miss out on trying the delicious local cuisine, which is both flavorful and affordable. Best time to visit: December to March (west and south coasts) or April to September (east coast). Things to do: Visit the ancient city of Sigiriya and climb the iconic Sigiriya Rock Fortress, Explore the historic city of Kandy and Take a scenic train ride through the tea plantations of Ella. Currency: Sri Lankan Rupee (LKR) Must-pack items: <ul><li>Lightweight clothing suitable for tropical weather.</li><li>Swimsuit and beachwear for coastal areas.</li></ul>Read - <a href="https://www.businessinsider.in/travel/india/top-5-places-to-visit-in-srinagar/slidelist/100524757.cms" data-type="tilCustomLink" target="_blank">Top 5 Places to visit in Sri Lanka</a><cmsannotation type="cmsannotation" annotationid="Vietnam" comment="subhead" text="Vietnam">Vietnam</cmsannotation> <div type="image" title="3" msid="110147290" hostid="261" sizebytes="1679963" caption="&amp;lt;p&amp;gt;Journey through vibrant streets and scenic landscapes in Vietnam&amp;lt;/p&amp;gt;"></div>With its stunning natural beauty, vibrant cities, and rich history, Vietnam is an incredibly affordable destination for Indian travellers. From exploring the bustling streets of Hanoi to cruising through the scenic Ha Long Bay, there's no shortage of things to see and do. Accommodation, food, and transportation are all budget-friendly, allowing you to stretch your rupees further. Best time to visit: November to April (dry season). Things to do: Cruise through the limestone karsts of Ha Long Bay, Visit the Cu Chi Tunnels and learn about Vietnam's wartime history and Trek through the terraced rice fields of Sapa. Currency: Vietnamese Dong (VND) Must-pack items: <ul><li>Light and breathable clothing suitable for humid weather.</li><li>Comfortable walking shoes for exploring cities and attractions.</li><li>Rain jacket or umbrella for unpredictable weather.</li><li>Vietnamese phrasebook or language app for basic communication.</li></ul>Read -<a href="https://www.businessinsider.in/travel/international/top-10-places-to-visit-in-vietnam/slidelist/102131452.cms" data-type="tilCustomLink" target="_blank">Famous places to visit in Vietnam</a> <cmsannotation type="cmsannotation" annotationid="Thailand" comment="subhead" text="Thailand">Thailand</cmsannotation> <div type="image" title="4" msid="110147402" hostid="261" sizebytes="1969049" caption="&amp;lt;p&amp;gt;Experience the hustle and bustle of Bangkok or the serenity of Thai beaches&amp;lt;/p&amp;gt;"></div>Thailand has long been a favourite destination for <keyword id="21670465" type="General" weightage="20" keywordseo="budget-travellers" source="keywords">budget travellers</keyword>, thanks to its beautiful beaches, vibrant culture, and delicious street food. Whether you're exploring the bustling streets of Bangkok or relaxing on the islands of Phuket and Koh Samui, you'll find plenty of affordable options for accommodation and dining. Don't forget to indulge in a traditional Thai massage, which is both relaxing and inexpensive. Best time to visit: November to February (cool and dry season). Things to do: Visit the Grand Palace and Wat Pho in Bangkok, Relax on the beaches of Phuket, Krabi, or Koh Samui and Take a boat trip to the Phi Phi Islands for snorkelling and diving. Currency: Thai Baht (THB) Must-pack items: <ul><li>Lightweight and modest clothing for visiting temples and cultural sites.</li><li>Insect repellent and sunscreen for protection against mosquitoes and sunburn.</li><li>Comfortable walking shoes for exploring markets and tourist attractions.</li></ul>Read - <a href="https://www.businessinsider.in/travel/international/most-famous-places-to-visit-in-thailand/slidelist/102083028.cms" data-type="tilCustomLink" target="_blank">Top 10 places to visit in Thailand</a><cmsannotation type="cmsannotation" annotationid="Indonesia" comment="subhead" text="Indonesia">Indonesia</cmsannotation> <div type="image" title="5" msid="110147419" hostid="261" sizebytes="1594652" caption="&amp;lt;p&amp;gt;Explore cultural treasures and turquoise waters in Indonesia&amp;lt;/p&amp;gt;"></div>From the stunning beaches of Bali to the cultural wonders of Yogyakarta, Indonesia offers a wealth of experiences for budget-conscious travellers. Accommodation ranges from budget guesthouses to beachfront bungalows, and street food is both delicious and cheap. With its diverse landscapes and rich cultural heritage, Indonesia is a must-visit destination for Indian travellers. Best time to visit: April to October (dry season). Things to do: Visit the iconic temples of Borobudur and Prambanan in Yogyakarta, Relax on the pristine beaches of Gili Islands or Nusa Penida and Dive or snorkel in the colourful reefs of Raja Ampat. Currency: Indonesian Rupiah (IDR) Must-pack items: <ul><li>Lightweight and modest clothing suitable for hot and humid weather.</li><li>Sandals or flip-flops for beach outings and casual wear.</li><li>Waterproof bag or pouch for protecting electronic devices and valuables.</li></ul><cmsannotation type="cmsannotation" annotationid="Cambodia" comment="subhead" text="Cambodia">Cambodia</cmsannotation> <div type="image" title="10" msid="110147467" hostid="261" sizebytes="1694863" caption="&amp;lt;p&amp;gt;Step back in time amidst the ancient temples of Cambodia&amp;lt;/p&amp;gt;"></div>Home to the iconic Angkor Wat temple complex, Cambodia is a fascinating destination with a rich history and vibrant culture. Travelling around the country is affordable, with options for budget accommodation and cheap street food. Don't miss out on exploring the charming town of Siem Reap and the picturesque beaches of Sihanoukville. Best time to visit: November to April (dry season). Things to do: Explore the magnificent temples of Angkor Wat, Angkor Thom, and Ta Prohm, Visit the floating villages of Tonle Sap Lake near Siem Reap and Explore the colonial architecture of Battambang. Currency: Cambodian Riel (KHR), though US Dollars are widely accepted, so carry USD in small denominations. Must-pack items: <ul><li>Lightweight and breathable clothing for exploring temples and outdoor sites.</li><li>Comfortable footwear for walking and exploring uneven terrain.</li><li>Reusable water bottle and snacks for staying hydrated and energised.</li></ul><cmsannotation type="cmsannotation" annotationid="Philippines" comment="subhead" text="Philippines">Philippines</cmsannotation> <div type="image" title="6" msid="110147520" hostid="261" sizebytes="1561649" caption="&amp;lt;p&amp;gt;Dive into crystal-clear waters and vibrant marine life in the Philippines&amp;lt;/p&amp;gt;"></div>With its stunning beaches, crystal-clear waters, and friendly locals, the Philippines is an affordable tropical paradise for Indian travellers. Whether you're island hopping in Palawan or diving in the waters of Bohol, there are plenty of budget-friendly activities to enjoy. Accommodation and food are also inexpensive, allowing you to make the most of your vacation budget. Best time to visit: November to April (dry season). Things to do: Island hop in Palawan and visit the stunning beaches of El Nido and Coron, Swim with whale sharks in Oslob, Cebu and Visit the Chocolate Hills in Bohol. Currency: Philippine Peso (PHP) Must-pack items: <ul><li>Lightweight clothing suitable for tropical weather and beach activities.</li><li>Swimsuit, snorkelling gear, and reef-safe sunscreen for water adventures.</li><li>Portable water purification system or water purification tablets for remote areas.</li></ul><cmsannotation type="cmsannotation" annotationid="Malaysia" comment="subhead" text="Malaysia">Malaysia</cmsannotation> <div type="image" title="7" msid="110147553" hostid="261" sizebytes="1460475" caption="&amp;lt;p&amp;gt;From towering skyscrapers to lush rainforests, Malaysia offers diverse experiences&amp;lt;/p&amp;gt;"></div>With its diverse culture, stunning landscapes, and delicious cuisine, Malaysia is a fantastic destination for budget travellers. Whether you're exploring the bustling streets of Kuala Lumpur or hiking through the jungles of Borneo, there are plenty of affordable experiences to be had. Accommodation and food are both cheap and plentiful, making Malaysia an ideal destination for Indian travellers. Best time to visit: December to February (dry season). Things to do: Visit the iconic Petronas Twin Towers and Batu Caves in Kuala Lumpur, Relax on the beaches of Langkawi or Perhentian Islands and Visit the historic city of Malacca and explore its Dutch and Portuguese heritage. Currency: Malaysian Ringgit (MYR) Must-pack items: <ul><li>Light and breathable clothing suitable for warm and humid weather.</li><li>Comfortable walking shoes for exploring cities and nature reserves.</li><li>Travel adapter for charging electronic devices with Malaysian power outlets.</li></ul><cmsannotation type="cmsannotation" annotationid="Myanmar" comment="subhead" text="Myanmar">Myanmar</cmsannotation> <div type="image" title="8" msid="110147601" hostid="261" sizebytes="1988019" caption="&amp;lt;p&amp;gt;Uncover the hidden gems of Myanmar&amp;#39;s temples and landscapes&amp;lt;/p&amp;gt;"></div>Formerly known as Burma, Myanmar is a relatively undiscovered gem in Southeast Asia, offering pristine landscapes and rich cultural experiences. Travelling in Myanmar is affordable, with options for budget accommodation and cheap street food. Don't miss out on exploring the ancient temples of Bagan and the tranquil waters of Inle Lake. Best time to visit: November to February (cool and dry season). Things to do: Explore the ancient temples of Bagan and watch the sunrise or sunset over the plains, Visit the floating gardens and stilt villages of Inle Lake and Trek through the hills of Shan State and visit remote hill tribe villages. Currency: Myanmar Kyat (MMK), though US Dollars are also widely accepted. Must-pack items: <ul><li>Modest clothing covering shoulders and knees for visiting temples and religious sites.</li><li>Comfortable walking shoes for exploring uneven terrain and historical sites.</li><li>Flashlight or headlamp for areas with limited lighting or power outages.</li></ul><cmsannotation type="cmsannotation" annotationid="Bhutan" comment="subhead" text="Bhutan">Bhutan</cmsannotation> <div type="image" title="9" msid="110147636" hostid="261" sizebytes="1987588" caption="&amp;lt;p&amp;gt;Find tranquility in the Land of the Thunder Dragon, Bhutan&amp;lt;/p&amp;gt;"></div>While Bhutan may not be the cheapest destination on this list, it offers incredible value for money in terms of the unique experiences it offers. From hiking to remote monasteries to exploring traditional Bhutanese villages, there's plenty to see and do in this Himalayan kingdom. While the daily tourist fee may seem expensive at first glance, it covers accommodation, meals, transportation, and a guide, making it a surprisingly affordable option for Indian travellers. Best time to visit: March to May (spring) or September to November (autumn). Things to do: Visit the cliffside monastery of Tiger's Nest (Paro Taktsang), Explore the capital city of Thimphu and visit the Tashichho Dzong and Hike to the Khamsum Yulley Namgyal Chorten in Punakha for panoramic views. Currency: Bhutanese Ngultrum (BTN), though Indian Rupees are widely accepted. Must-pack items: <ul><li>Warm clothing layers for cool evenings and high-altitude treks.</li><li>Sturdy hiking boots or shoes with good traction for mountain trails.</li></ul>Travelling on a budget doesn't mean sacrificing quality or missing out on incredible experiences. With these 10 affordable destinations, Indian travellers can explore the world without breaking the bank. Whether you're looking for adventure in the mountains, relaxation on the beach, or cultural immersion in a new destination, there's something for everyone on this list. So pack your bags, book your tickets, and get ready for an unforgettable journey! <cmsannotation type="cmsannotation" annotationid="Frequently asked questions" comment="subhead" text="Frequently asked questions">Frequently asked questions</cmsannotation> 1. Is it safe to travel to these countries as an Indian tourist? Generally, these countries are safe for Indian tourists. However, it's essential to exercise basic precautions such as avoiding unsafe areas, being vigilant of your belongings, and following local laws and customs. 2. Do I need a visa to visit these countries? Visa requirements vary depending on the country you plan to visit and your nationality. Some countries offer visa-on-arrival or visa-free entry for Indian passport holders, while others require obtaining a visa in advance. It's advisable to check the visa requirements well in advance of your trip. 3. What languages are spoken in these countries, and will I encounter language barriers as an Indian tourist? The primary languages spoken vary by country, but English is widely understood in many tourist areas. Learning a few basic phrases in the local language can be helpful, but most interactions can be conducted in English, especially in popular tourist destinations. 4. What is the local currency, and how can I manage my finances while travelling? Each country has its own currency, and it's essential to familiarise yourself with the local currency exchange rates. It's advisable to carry a mix of cash (in the local currency) and international credit/debit cards for convenience. Additionally, inform your bank of your travel plans to avoid any issues with card usage abroad.

10 most affordable countries to visit in 2024 for Indians

<ul><li><keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">Crypto</keyword> investors in India may be able to use net banking and debit cards to buy cryptocurrencies again.</li><li><keyword id="6368751" type="General" weightage="20" keywordseo="banks" source="Orion">Banks</keyword> in India had withdrawn services from crypto exchanges earlier this year, after an informal warning from the Reserve Bank of India (RBI).</li><li>According to a report by the Economic Times, most customers switched over to using UPI to buy crypto — a channel that falls outside the purview of banks.</li></ul>After months of uncertainty, <keyword id="36838" type="General" weightage="20" keywordseo="indian-banks" source="Orion">Indian banks</keyword> seem to be relaxing their stance on cryptocurrencies. According to a report by the Economic Times (<a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/crypto-gains-currency-again-as-banks-ease-curbs-on-purchases/articleshow/85813536.cms">ET</a>), the country’s top crypto exchange <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">WazirX</a> has listed Internet banking payment options from noted public and private banks in the country. The development comes even as the Indian government yet to make up its mind about how to govern cryptocurrencies in the country. According to Finance Minister <a href="https://www.businessinsider.in/cryptocurrency/news/indias-new-crypto-regulations-are-ready-for-the-monsoon-session-of-parliament-according-to-sitharaman/articleshow/84168068.cms">Nirmala Sitharaman</a>, India’s crypto bill is waiting on approval from the cabinet. However, sources told Business Insider that a <a href="https://www.businessinsider.in/cryptocurrency/news/indias-crypto-bill-is-unlikely-to-be-up-for-discussion-this-month-and-it-may-be-a-while-before-we-see-it-in-parliament/articleshow/84401863.cms">new committee</a> may be formed to reword the bill. The government may be softening its stance on cryptocurrencies in the face of surging popularity in <a href="https://www.businessinsider.in/cryptocurrency/news/wazirx-user-growth-2648-in-2021-so-far/articleshow/85264028.cms">Tier II and Tier III towns</a>. Banks allowing for crypto transactions may not entirely have to do with them becoming crypto friendly, following in the government’s footsteps. According to the report by ET, banks can only monitor transactions going through net banking or debit cards. Those using the Unified Payments Interface (UPI) channels to buy crypto are outside the purview of the banks. “We were not allowing any transaction up until recently, and that is still our official stance. But it’s difficult to monitor so many transactions and some do get through,” a banker told the publication. <cmsannotation type="cmsannotation" annotationid="Banks open up to crypto exchanges" comment="subhead" text="Banks open up to crypto exchanges">Banks open up to crypto exchanges</cmsannotation> WazirX listed top banks like Punjab National Bank, Union Bank of India and Industrial Development Bank of India (IDBI), Deutsche Bank, Federal Bank and more as eligible for net banking. This is in stark contrast to May when Indian banks had stopped doing business with exchanges after an informal communication from the country’s central bank, the Reserve Bank of India (RBI), warned them against working with these firms. Many banks started <a href="https://www.businesstoday.in/crypto/story/zebpay-wazirx-other-indian-crypto-exchanges-flounder-as-banks-cut-ties-after-rbi-frown-300183-2021-07-01">shutting down</a> the accounts of <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">crypto exchanges</a> almost overnight, forcing many to stop taking rupee deposits from their users. Further, in a letter to users on May 31, a couple of banks from India started warning their users against dealing with crypto firms. In its <a href="https://www.livemint.com/market/cryptocurrency/indian-banks-warn-indian-investors-against-dealing-in-cryptocurrencies-11622458257496.html">letter</a>, HDFC Bank, the largest private sector bank in India, told customers that virtual currency transactions weren’t permitted, citing a 2018 letter from the RBI, which banned such transactions. This led to widespread concerns about banks’ relationships with crypto exchanges. Interestingly, the RBI letter cited by HDFC Bank and some others, had been struck down by the Supreme Court of India (SC) in May 2020. The SC’s decision was hailed by the crypto industry, which in turn was able to take advantage of the bull run cryptocurrencies like Bitcoin and Ethereum underwent late last year. The RBI also issued a notice on May 31, revoking the letters sent by these banks. Sharan Nair, chief business officer (CBO) of CoinSwitch Kuber, one of the top four crypto exchanges in India, explained that the move from banks comes after a circular from India’s central bank, the Reserve Bank of India (RBI). <div type="twitter" handle="NairSharan" handlename="Sharan Nair (CoinSwitch Kuber)" image="http://pbs.twimg.com/profile_images/1431964167510974475/3V3wym-g_normal.jpg" favoritecount="433" retweetcount="117" status="Good news coming out from the RBI. Banks can no longer caution customers against dealing in #cryptocurrencies citin… https://t.co/U7hdmO9A0O" createdat="1622470220000" id="1399367645888090117"></div> That said, things aren’t fully back on track just yet. “We offer multiple payment modes for Indian investors, such as UPI, Paytm UPI, IMPS, NEFT and RTGS. We also allow users to buy/sell cryptocurrency using their credit/debit cards but we see most of these transactions getting declined by the credit/debit card providers,” Jay Hao, CEO of cryptocurrency exchange OKEx.com told ET. Alternatively, crypto exchanges in India can use multiple transaction channels, including Net Banking, RTGS and UPI. While banks can control the net banking and RTGS channels, they have no control on UPI, which is a digital payments platform built by the government. As long as banks allow crypto firms to hold bank accounts in their establishments, users can use UPI to deposit money on exchanges. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/protests-are-breaking-out-against-el-salvadors-planned-bitcoin-adoption-with-demonstrators-decrying-the-tokens-volatility-and-potential-for-corruption/articleshow/85803487.cms">Protests are breaking out against El Salvador's planned bitcoin adoption, with demonstrators decrying the token's volatility and potential for corruption</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/nft-based-game-mir4-is-all-the-rage-despite-mostly-negative-reviews/articleshow/85799785.cms">NFT-based game MIR4 is all the rage despite ‘mostly negative’ reviews</a>

Banks in India are reportedly softening their stance on crypto trading

Nearly 88 per cent of the investments made by Alternative Investment Funds (<keyword id="1006423" type="General" weightage="80" keywordseo="aifs" source="Orion">AIFs</keyword>) under the Startups <keyword id="3483659" type="General" weightage="80" keywordseo="ffs" source="Orion">FFS</keyword> (Fund for Funds) Scheme have gone to five states. <keyword id="6354780" type="General" weightage="20" keywordseo="karnataka" source="Orion">Karnataka</keyword> has topped the list of states with an investment of Rs 4,687 crore out of the total investment of Rs 14,077 crore spread across the country. The Fund of Funds for Startups (FFS) Scheme was approved and established in 2016 with a corpus of Rs 10,000 crore, with contribution spread over the 14th and 15th Finance Commission cycle based on progress of implementation, to provide a much-needed boost to the Indian startup ecosystem and enable access to domestic capital. As on December 31, 2022, under FFS, Rs 7,980 crore has been committed to 99 AIFs and Rs 3,400 crore has been disbursed to 72 AIFs which have in turn made investments of Rs 14,077 crore in 791 startups. The government data said that while Karnataka got an investment of Rs 4687 crore for 240 startups under the scheme, Maharashtra's 176 startups received an investment of Rs 3,426 crore and Delhi's 138 startups got Rs 2,254 crore. Similarly, in Haryana 60 startups received an investment of Rs 1,148 crore and in <keyword id="20154" type="General" weightage="50" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword>, 29 startups got an investment of Rs 826 crore. Under FFS, the Scheme does not directly invest in startups, instead it provides capital to SEBI-registered Alternative Investment Funds (AIFs), known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments. The <keyword id="104385" type="General" weightage="50" keywordseo="small-industries-development-bank-of-india" source="Orion">Small Industries Development Bank of India</keyword> (SIDBI) has been given the mandate of operating this Fund through selection of suitable daughter funds and overseeing the disbursal of committed capital. AIFs supported under FFS are required to invest at least two times of the amount committed under FFS in startups. The Government with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging private investments in the startup ecosystem of the country launched Startup India initiative on January 16, 2016. The flagship Schemes including Fund of Funds for Startups (FFS), <keyword id="9949511" type="General" weightage="50" keywordseo="startup-india-seed-fund-scheme" source="Orion">Startup India Seed Fund Scheme</keyword> (SISFS) and Credit Guarantee Scheme for Startups (CGSS) support startups at various stages of their business cycle to enable startups to graduate to a level where they are able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions. Officials said that over 50 regulatory reforms have been undertaken by the Government since 2016 to enhance ease of doing business, ease of raising capital and reduce compliance burden for the startup ecosystem. Besides, to enable ease of procurement, Central Ministries and Departments have been directed to relax conditions of prior turnover and prior experience in public procurement for all DPIIT recognised startups subject to meeting quality and technical specifications. Further, Government e-Marketplace (GeM) Startup Runway has been developed which is a dedicated corner for startups to sell products and services directly to the Government. The Government also implements flagship annual exercises and programs including States' Startup Ranking, National Startup Awards and Innovation Week which play an important role in holistic development of the startup ecosystem. The Government also facilitates participation and engagement of the Indian startup ecosystem at international platforms. SEE ALSO: <a href="https://www.businessinsider.in/thelife/news/chatgpt-wrote-6-love-letters-as-the-bard-chandler-bing-an-srk-fan-more-heres-what-it-missed/articleshow/97823242.cms">ChatGPT wrote 6 love letters as the Bard, Chandler Bing, an SRK fan &amp; more – here’s what it missed</a> <a href="https://www.businessinsider.in/finance/news/direct-tax-collections-fy-2022-23-records-growth-at-15-67-lakh-cr/articleshow/97821630.cms">Direct Tax Collections (FY 2022-23) records growth at ₹15.67 lakh cr</a> <a href="https://www.businessinsider.in/thelife/news/poet-amjad-islam-amjad-passes-away-at-78-adnan-sami-pays-condolences/articleshow/97815855.cms">Poet Amjad Islam Amjad who wrote Man Ki Lagan, passes away at 78</a>

88% of ₹14,000 cr AIF funding goes to startups in 5 states - Karnataka tops the list

Bankers welcomed Finance Minister <keyword id="129243" type="General" weightage="80" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword>'s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On the critical question of revival in private capital expenditure, which has been lagging for several years now, private sector lender <keyword id="13918428" type="DOMAIN" weightage="20" keywordseo="kotak-mahindra-bank" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="kotak mahindra bank" meta.entityname="Kotak Mahindra Bank Ltd." meta.entityid="12161" meta.seoname="kotak-mahindra-bank-ltd">Kotak Mahindra Bank</keyword>'s whole time director <keyword id="818755" type="General" weightage="80" keywordseo="kvs-manian" source="Orion">KVS Manian</keyword> opined that it will take another 12 months to revive even though corporates have been investing off and on lately. “No bad news is good news. It is a fairly decent budget. The FM has maintained a fair balance on fiscal prudence, sustainability and ease of doing business,” Manian told PTI after the presentation of the budget. <keyword id="13222" type="DOMAIN" weightage="20" keywordseo="sbi" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="sbi" meta.entityname="State Bank of India" meta.entityid="11984" meta.seoname="state-bank-of-india">SBI</keyword> chairman <keyword id="2003868" type="General" weightage="80" keywordseo="dinesh-khara" source="Orion">Dinesh Khara</keyword> said the budget is growth accretive, fiscally prudent and consumption supportive. “The huge emphasis on capital expenditure could be the perfect recipe for a private investment cycle that is already visible. Support for MSME and Agriculture will broad base credit growth,” Khara added. He also said that the “reasonable Government borrowing numbers” will support lower interest rates and the move towards a clutter free new tax regime will significantly spur consumption. Banking industry's lobby grouping Indian Banks Association's chairman A K Goel said the increased capital expenditure could help in further increasing the demand for bank funds and the Agriculture Accelerator Fund woill also be helpful. <keyword id="686923" type="General" weightage="80" keywordseo="umesh-revankar" source="Orion">Umesh Revankar</keyword>, the executive vice chairman of <keyword id="12730794" type="DOMAIN" weightage="20" keywordseo="shriram-finance" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="shriram finance" meta.entityname="Shriram Finance Ltd." meta.entityid="13106" meta.seoname="shriram-finance-ltd">Shriram Finance</keyword> said the income tax benefits announced will boost purchasing power for middle-class consumers. "I believe the announcements made will trigger a pick-up in credit off take for small enterprises, the consumption-driven two-wheeler business and lending to transportation," he added. Non-bank lender Tata Capital's managing director and chief executive <keyword id="128186" type="General" weightage="80" keywordseo="rajiv-sabharwal" source="Orion">Rajiv Sabharwal</keyword> said the strong agricultural credit outlay, support measures, ease of doing business, and digitization drive across various sectors will improve multiple clusters within the economy. American lender Bank of America's country head Kaku Nakhate said allowing foreign banks to conduct acquisition financing from GIFT City is a welcome step and also hailed the dual budget proposal for a single window clearance for IFSCA, SEZ, <keyword id="30067" type="General" weightage="80" keywordseo="rbi" source="Orion">RBI</keyword>, SEBI and GSTN at GIFT City. KPMG's national head of tax, <keyword id="309284" type="General" weightage="80" keywordseo="rajeev-dimri" source="Orion">Rajeev Dimri</keyword>, also welcomed Finance Minister Nirmala Sitharaman's measures for ensuring that the relaxations given to common taxpayers have not derailed fiscal math, and the government has stayed on the path of fiscal consolidation. Pointing out to the Goods and Services Tax revenue accretion over the last few months, he said the taxpayers should be credited for the performance. The budget rightly “rewards” the taxpayers for their commitment, Dimri said. LuLu Financial Holdings Managing Director Adeeb Ahamed said the budget is focussed with equal focus on traditional and emerging sectors. Adeeb, who has significant investments in India's financial services sector through LuLu Forex and LuLu Finserv, said the move to ramp up the credit guarantee scheme for MSMEs will give a fillip to enabling faster access to financial services. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/first-impressions-samsung-galaxy-s23-s23-plus-and-s23-ultra-go-heavy-on-photography-and-gaming/articleshow/97532856.cms?utm_source=social_sticky_amp&amp;utm_medium=social_sharing&amp;utm_campaign=Click_through_social_share">First Impressions: Samsung Galaxy S23, S23 Plus, and S23 Ultra bet big on photography and gaming</a> <a href="https://www.businessinsider.in/tech/mobile/news/new-patent-suggests-that-apple-could-bring-a-foldable-iphone-with-a-self-healing-display-in-the-future/articleshow/97302738.cms">New patent suggests that Apple could bring a foldable iPhone with a self-healing display in the future</a>

Bankers say private capex will take one more year to revive

The <keyword id="6354731" type="General" weightage="50" keywordseo="state-bank-of-india" source="Orion">State Bank of India</keyword> (<keyword id="13222" type="General" weightage="100" keywordseo="sbi" source="Orion">SBI</keyword>) on Thursday said the <keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> (<keyword id="30067" type="General" weightage="80" keywordseo="rbi" source="Orion">RBI</keyword>) should internationalise the Indian rupee. In a research report, the SBI said that the central bank should make a conscious effort to internationalise the rupee. "The Russia-Ukraine war and the disruptions to payments caused by it, is a good opportunity to insist on export settlement in rupee, beginning with some of the smaller export partners," the SBI said. The banking major also welcomed the RBI's measures relaxing the external commercial borrowing (ECB) and foreign portfolio investors (FPI) norms in the debt segment. According to the SBI, the global economy is volatile and on an average, energy, base metals, precious metals, and agricultural prices are now down 25 per cent from 52 week highs with markets anticipating a global slowdown morphing into a full-blown global recession. However, it is not clear whether such decline is the result of synchronised global rate actions or genuine fears of a recession looming large, the SBI report noted. In <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, such global developments could have a direct bearing on the inflation trajectory in the second half of the current fiscal. "The RBI has been on course in normalising liquidity and net LAF (liquidity adjustment facility) is now close to the 1.5 per cent threshold non-inflationary level of liquidity. However, the problem is unspent Government cash balances that has now jumped to Rs 3.1 trillion," the report said. This effectively implies that core liquidity is still at Rs. 6.2 trillion as against Rs 8.3 trillion in the beginning of April. Additionally, the RBI has also announced a slew of measures to augment capital inflows by making <keyword id="11904949" type="General" weightage="50" keywordseo="nri" source="Orion">NRI</keyword> deposits more attractive. The SBI said the cumulative impact of all these measures will be beneficial for the external sector given the fact that total Non-Resident Indian (NRI) deposits exhibited an inflow of $3.2 billion in FY22 as against the inflows of $7.4 billion in FY21. On credit growth, the SBI said it expanded at Rs 2.6 lakh crores far outstripping bank deposit growth at Rs 1.04 lakh crore in the current year. The continued growth in bank credit is a matter of comfort and indicates that the Indian economy is still navigating through the turmoil rather well. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/taiwanese-crypto-exchange-suspends-trading-in-rupees-after-tds-laws-kick-in/articleshow/92727555.cms">Taiwanese crypto exchange suspends trading in Rupees after TDS laws kick in</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indian-metal-shares-surge-as-demand-hopes-build-after-chinas-220-billion-stimulus-plan/articleshow/92726640.cms">Indian metal shares surge as demand hopes build after China’s $220 billion stimulus plan</a>

It's the right time on export settlements in Rupee, SBI tells RBI

Millennials and <keyword id="159493" type="General" weightage="100" keywordseo="gen-z" source="Orion">Gen Z</keyword> are a cohort born between 1981 and 1996 and contribute to roughly 1.8 billion, equating to more than 23 per cent of the population globally. Millennials have not only changed the demographics of checking into hotels but have also influenced major aspects of the hospitality industry. They play a huge influence and are responsible to dictate many future trends and graphs of the service sector. Their spending power can be attributed to professional advancement, international exposure, and higher discretionary income. The pandemic created work-from-home opportunities that led them to travel extensively, taking advantage of flexible remote working. This led to an increase in travel demand that gave a new boost of life to the hospitality industry. The pandemic created motivation to 'revenge travel' where millennials felt the urge to escape monotony, desire to explore, meet new people and make random travel plans. This has led Indian travel and hospitality professionals to tap the emerging demand by evolving and ditching the conservative approach. Here's to how the hospitality sector can change the game, perhaps forever. Go digital: No matter, how cliche this may sound, it's a digital boom and the new-age traveller uses the internet right from checking in to request a stay, room administration, making payments, planning itineraries, and waiting for the room to open with a digital command. The truth is that Gen-Z doesn't mind undertaking a travel excursion with no human interaction. The only way ahead is to be digitally present. Make room for leisure-merging travel with work: Technology has blurred the boundaries between work and leisure. It's not uncommon for a coding engineer to crack codes whilst on a beach in the <keyword id="6354908" type="General" weightage="50" keywordseo="maldives" source="Orion">Maldives</keyword>. The millennial believes in 'Work hard, party harder'. The hospitality industry needs to create more holiday spaces where business isn't compromised while on a vacation enabling work-life harmony. Millennials and Experiential travel: Gen Z and Millenials are upbeat, moody, and spontaneous. An itinerary doesn't hold much importance because they may decide to prod an unusual region or destination rather than simply following a tour plan. Experiential travel is on the rise and travellers are looking to explore offbeat regions and immersive experiences. It can be in the form of rural tourism, culinary tourism, or adventure tourism. The crux is to create holidays that are meaningful and authentic. The rise of <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>'s <keyword id="6363239" type="General" weightage="50" keywordseo="luxury" source="Orion">Luxury</keyword> villas/homestays and wellness: The pandemic spurred the demand for luxury properties and homestays that are basically weekend homes for a relaxing staycation. Travellers are seeking comfortable private accommodations that are far from the daily hustle, have a stocked kitchen, 24X7 Wi-Fi, and an on-demand staff. A homestay or private villa provides Millenials with the privacy and discretion to travel with groups or solo, relax, unwind, and stride in the property without worrying about restrictions on time and space. Travel and wellness: Millennial travellers are looking for enriching experiences to achieve and maintain good health and a general sense of well-being. This definitely doesn't mean that wellness travel is confined to luxury resorts and spas. The hospitality industry as a whole can take advantage of this emerging trend by marketing your business as a way to contribute to wellness tourism and promoting communities by benefiting locals as well as tourists. It can be as simple as empowering travellers by learning a new skill set that encourages personal growth. The trend of solo travel: Solo travelling is a travel trend that strongly resonates with Gen-Z and millennials. It's a huge opportunity in the hospitality sector if they could successfully cater to this modernized segment of travelling solo. The hospitality sector could create fun and out-of-ordinary properties that reflect the vibrant and adventurous spirit of young travellers. Exploring unique destinations: Unmatchable zeal and enthusiasm is a characteristic that defines the new generation traveller. The rebel millennials are opportunists and adventurers and want to explore unexplored destinations. The new set of travellers wants to break through the conventional shackles of travelling by being torchbearers of exploring unique destinations even if it involves risk. The advent of social media has fuelled the desire to travel to make an impact. Travelling is no longer a behind-the-door experience, but it's the new cool for the <keyword id="15422653" type="General" weightage="50" keywordseo="millenials-of-india" source="Orion">Millenials of India</keyword>. The hospitality sector can bank on the trend by expanding and investing in unique properties that can create lucrative opportunities that could prove to be profitable investment. The idea is to create travel experiences that are immersive, trending, transformative, and unforgettable. It's an era of adventure and adrenaline rush that also demands moments of calm and peace. Striking a balance between both is like the perfect baked cheesecake, with notes of sweet, creamy, and tangy. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/a-climate-change-induced-natural-disaster-has-struck-india-every-day-of-2022-so-far-new-cse-report-shows/articleshow/95274864.cms">A climate change-induced natural disaster has struck India every day of 2022 so far, new CSE report shows</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/parents-of-school-going-children-worried-as-quality-of-delhi-air-deteriorates/articleshow/95276609.cms">Parents of school going children worried as quality of Delhi air deteriorates</a>

Are millennials and Gen Z influencing future trends of Indian Hospitality?

<ul><li>On 27 September, India’s central bank eased a liquidity coverage requirement imposed on banks and said it would provide all necessary funding support to the banking sector. </li><li>The <keyword id="30067" type="ORGANIZATION" weightage="20" keywordseo="RBI">RBI</keyword> has raised the facility to avail funds for liquidity coverage ratio (LCR), which measures the amount of liquid assets held by banks against short-term <keyword id="44647" type="ORGANIZATION" weightage="20" keywordseo="debt">debt</keyword>, from 11% to 13%. </li><li>This will allow banks to increase the weightage given to government securities when calculating their <keyword id="6493444" type="DEFINITION" weightage="20" keywordseo="Statutory-Liquidity-Ratio">statutory liquidity ratio</keyword> and free up deposits for their short-term funding needs. </li></ul>Following <a href="https://www.businessinsider.in/indias-main-financial-regulators-and-its-largest-bank-are-trying-to-calm-investors-amid-fears-of-a-liquidity-crisis/articleshow/65929921.cms">a promise </a>to investors that it would step in to prevent a liquidity crisis amongst Indian lenders as well as a subsequent <a href="https://in.reuters.com/article/india-shadowlenders/finance-ministry-urges-rbi-to-take-steps-to-ease-liquidity-tackle-credit-crunch-idINKCN1M609Y">push</a> from India’s finance ministry, the Reserve Bank of India (RBI) looks like its making good on its word, albeit at the cost of its mandate to manage risk. On 27 September, India’s central bank eased a requirement imposed on banks related to liquidity coverage and said it would provide all necessary funding support to the banking sector. The RBI raised the facility to avail funds for liquidity coverage ratio (LCR), which measures the amount of liquid assets held by banks against short-term debt, from 11% to 13%. This will allow banks to increase the weightage given to government securities, which is a liquid asset, when calculating their statutory liquidity ratio, which measures the amount of deposits invested in liquid assets. Hence, this will free up banks’ deposits so they can meet their funding needs in the short-term. And their funding needs are dire. Earlier this week, the liquidity deficit was estimated to be ₹1.4 trillion. However, In doing so, the RBI is effectively trading short-term benefits for longer-term pain. The current liquidity crisis stems from the aversion of institutional investors to buy the debt instruments of non-banking financial companies like IL&amp;FS, which is on the brink of default. By relaxing liquidity coverage requirements for banks, the RBI is allowing banks greater freedom in how they use their deposits and also letting them take on riskier short-term debt so a lot more money will enter the system, which will have an inflationary effect. In essence, domestic lenders are being allowed to use a greater percentage of their deposit-holders’ money to pay down their short-term debt obligations and extend credit to borrowers. In the event of a market downturn or a loss of faith in these banks, they could face a run on their deposits, which will be fatal given their lower risk buffer. The finance ministry has insisted that the RBI also relax reserve requirements for banks, under which banks set aside a certain portion of funds with the central bank. Earlier this week, the RBI took a page out of the European Central Bank’s playbook on <a href="https://www.ecb.europa.eu/explainers/show-me/html/app_infographic.en.html">“quantitative easing”</a> and said it would buy around <a href="https://www.thehindubusinessline.com/money-and-banking/rbi-to-conduct-omo-to-infuse-liquidity/article25029705.ece">₹100 billion</a> worth of <keyword id="6370709" type="UNKNOWN" weightage="20" keywordseo="Government-bonds">government bonds</keyword> from the open market to inject funds into the economy.

You Searched For "relaxations for indian banks" and got 10 results

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

BI India Bureau

Luxury Escapes: Top international destinations for Indian travellers in 2024

Ayush Mehrotra

Top trending international destinations for Indian travellers in 2024

Ayush Mehrotra

10 most affordable countries to visit in 2024 for Indians

Ayush Mehrotra

Banks in India are reportedly softening their stance on crypto trading

BI India Bureau

88% of ₹14,000 cr AIF funding goes to startups in 5 states - Karnataka tops the list

IANS

Bankers say private capex will take one more year to revive

PTI

It's the right time on export settlements in Rupee, SBI tells RBI

IANS

Are millennials and Gen Z influencing future trends of Indian Hospitality?

IANS

The Reserve Bank of India is trying to prevent a liquidity crisis at banks by relaxing an important risk requirement

Dilsher Dhillon

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