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<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> and Maldives have signed an agreement to introduce the <keyword id="19998949" type="General" weightage="20" keywordseo="Unified-Payments-Interface" source="keywords">Unified Payments Interface</keyword> in the archipelago nation, which will have a "very positive" impact on its <keyword id="20260982" type="General" weightage="20" keywordseo="tourism-sector" source="keywords">tourism sector</keyword>, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives. "Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives," he said in a post on X. Developed by the National Payments Corporation of India (<keyword id="19998946" type="General" weightage="20" keywordseo="NPCI" source="keywords">NPCI</keyword>), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phones. Addressing a press conference with his Maldivian counterpart Moosa Zameer after their "productive discussions", Jaishankar said that India, through its UPI, has "revolutionised digital transactions". Stressing that it has taken financial inclusion in India to new levels, he said "Today 40 per cent of the world's real-time digital payments take place in our country." "We see this revolution, every day in our lives. I am pleased to note that with the signing of the MoU today, we have taken the first step towards bringing this digital innovation to Maldives," he said. "I wish the very best to stakeholders on both sides and hope that we will soon see the first UPI transaction here. I should mention that it will have a very positive impact on tourism," he added. Tourism is the main source of economic activity for the Maldives, contributing nearly 30 per cent of the GDP and generating more than 60 per cent of foreign exchange. Jaishankar's visit aims to reset the bilateral relationship with the Maldives and is the first high-level trip from India after the archipelago nation's pro-China president, Mohamed Muizzu, assumed office last year. "India's partnership with the Maldives is based on our deep desire to work together for each other's welfare and interests. It is a partnership that has enabled us to always swiftly and effectively respond to challenges, as witnessed in the past," Jaishankar said. "It is a partnership that has enabled us to deliver results and bring tangible benefits to our people in accordance with their wishes, aspirations and priorities," he said. In a post on X, Jaishankar also said, "Jointly inaugurated six High Impact Projects in areas of street lighting, mental health, children speech therapy and special education." "Welcome renewal of MoU between National Centre for Good Governance and Civil Services Commission on (the) training of additional 1,000 civil services officers," he added. Addressing the joint press conference, Maldivian Foreign Minister Zameer said, "India has always been one of our closest friends and a vital development partner." He said the "enduring friendship" was built on a foundation of mutual trust and respect and has continued to flourish over the years. "High-level exchanges between our countries have deepened our dialogue and cooperation in areas of shared interest. We remain dedicated to strengthening and advancing this mutually beneficial partnership," he said. "Minister Dr Jaishankar and I agreed that much more needs to be done to promote trade and investment between the Maldives and India," he said, adding that both sides are committed to establishing "effective mechanisms to enhance economic cooperation, fostering a vibrant and prosperous partnership that will benefit both the nations." Zameer said he conveyed President Muizzu's proposal to begin negotiations on a Free Trade Agreement between the Maldives and India. "This agreement alongside other economic and trade-related agreements will facilitate trade liberalisation and ease the risks of doing business in both our countries," he said. Zameer said that India and Maldives have also mutually agreed to further strengthen their partnership by continuing joint exercises and expanding training opportunities for officers from both countries, asserting that this reflects "our commitment to working together to ensure the security of our nations as well as ensuring the safety and stability of the Indian Ocean region." India's relations with the Maldives suffered a major setback last year when President Muizzu demanded the withdrawal of Indian military personnel manning three aviation platforms in the Maldives. Subsequently, the Indian military personnel were replaced by civilians by May 10, the mutually agreed date. "On regional and multilateral issues of importance, our countries have a common understanding and are united in our efforts to resolve them. We agreed to continue our cooperation on issues ranging from combating terrorism, violent extremism, drugs, human trafficking and to the promotion and protection of human rights," Zameer said. In his press statement, Jaishankar said that India and the Maldives "are not just close neighbours, we are also natural partners." "Today, we are mutually invested in each other's development and progress. In a globalised and interconnected world, we see a lot of volatility and global tensions. Even as the world is recovering from the impact of the COVID pandemic, we have been confronted with new challenges arising from international conflicts," he said. In this tumultuous environment, India has been and will be, an anchor of stability for its friends, partners and neighbours. To the Maldives specifically, India has provided support to deal with economic challenges through financial assistance and budgetary support, and by ensuring an uninterrupted supply of critical items, he noted. India's actions have been and will continue to be guided by its firm commitment to the philosophy of 'Sabka Saath, Sabke Vikas - which is- Together, we prosper', Jaishankar said. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/brainbees-solutions-firstcry-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112403576.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/brainbees-solutions-firstcry-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112403576.cms" target="_blank">Brainbees Solutions (Firstcry) IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms" target="_blank">India’s wearables market decline for the first time as smartwatch shipments fall</a><a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank">Ola wants to re-enter the quick commerce business to take on Blinkit and Swiggy Instamart</a>

India to introduce UPI payment service in Maldives

The recently-crowned <keyword id="22332912" type="General" weightage="100" keywordseo="T20-world-champion" source="keywords">T20 world champion</keyword> <keyword id="19994380" type="General" weightage="20" keywordseo="Indian-cricket-team" source="keywords">Indian cricket team</keyword> has been invited to celebrate its triumph in <keyword id="19926427" type="General" weightage="20" keywordseo="Maldives" source="keywords">Maldives</keyword> by the country's <keyword id="22332913" type="General" weightage="20" keywordseo="tourism-association" source="keywords">tourism association</keyword> and its marketing and public relations corporation. The Rohit Sharma-led Indian team won the trophy in <keyword id="20398397" type="General" weightage="20" keywordseo="Barbados" source="keywords">Barbados</keyword> after beating South Africa by seven runs in the final on June 29. "Maldives Marketing and Public Relations Corporation (MMPRC/ Visit Maldives) in collaboration with the Maldives Association of Tourism Industry (MATI) have jointly extended a special and open invitation to the Indian National Cricket Team," the two bodies said in a joint statement. Ibrahim Shiuree, the CEO and Managing Director of MMPRC, and Ahmed Nazeer, Secretary General of MATI, said they look forward to hosting the team, which returned to India on Thursday last week. It was welcomed by frenzied fans in both Delhi and Mumbai, which also played host to a victory parade featuring lakhs of supporters. "We would be honoured to host you and ensure that your stay is filled with memorable moments, relaxation, and bespoke experiences," Shiuree and Nazeer said in in the joint statement. They said the invitation also highlights the strong and long-standing cultural and sporting ties between the Maldives and India. "It would be an immense honour for the Maldives to welcome the Indian Cricket Team and share in the joy of their triumph," Shiuree further said. "We eagerly await the opportunity to host them, offering the perfect setting for them to create lasting memories of their <keyword id="20400247" type="General" weightage="20" keywordseo="victory-celebration" source="keywords">victory celebration</keyword>," he added. The team is currently on a break. Its next international assignment is a six-match limited-overs series against <keyword id="19931726" type="General" weightage="20" keywordseo="Sri-Lanka" source="keywords">Sri Lanka</keyword> beginning July 27. The series comprises three ODIs and as many T20 Internationals.

Maldives' tourism body invites T20 world champ Indian team to celebrate trophy there

To promote tourism in <keyword id="73024" type="General" weightage="90" keywordseo="andaman" source="Orion">Andaman</keyword> and Nicobar Islands the union territory administration has decided to open uninhabited <keyword id="7353441" type="General" weightage="100" keywordseo="Aves-Island" source="Orion">Aves Island</keyword> in North and Middle Andaman district for travellers, officials said. The Aves is a small and beautiful island, also known as Coconut Island for its lush green coconut plantation. Presently, Aves is not open to tourists. It is an uninhabited Island with no accommodation facilities. The administration has proposed a five-star eco-tourism resort in Aves Island on public-private partnership mode. Aves Island is very close to Mayabunder town. The presence of various natural features (live and dead coral flat beds, coconut plantation, forest) and the pristine beach at Aves Island with a coastline of 2 km, makes it an ideal destination for campers, they said. Trekking within the island through the coconut plantations and small jungle trail takes the tourists to the lighthouse on the southern point. A land parcel of 2.75 hectares is owned by the local administration, which will be handover to the Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO) on a lease basis for the development of the project under Public-Private Partnership mode and on a Design-Build-Finance-Operate-Transfer (DBFOT) basis, they said. With an investment of nearly Rs 36 core, the five-star eco-tourism resort at Aves Island will have 50 rooms where the concessionaire can undertake various activities like a shopping area for local souvenirs, scuba diving, game fishing, forest trekking, nature camping, wellness centre, etc. ANIIDCO Managing Director Nandini Paliwal told PTI that, "The Investor Conference organised by ANIIDCO in Delhi, on December 4 for tourism and hospitality projects in the Andaman and Nicobar Islands, has received a very encouraging response from leading hospitality players. "We are confident that with the active collaboration of the private sector, the projects proposed to be implemented in PPP mode will succeed in bringing world-class sustainable tourism infrastructure and put Andaman and Nicobar Islands on the global tourism circuit. It will contribute to the socio-economic development of the islands and its people." To bring the Andaman and Nicobar Islands on the global tourist map, the administration has also prepared a Project Information Memorandum (PIM), under the banner of "Development of Eco Tourism Projects in Andaman Islands - 2023 for the holistic development of 14 more tourist places, which includes Lalaji Bay beach at Long Island, Ross-Smith Island, Shaheed Dweep spread across North Andaman, Middle Andaman and South Andaman. To lure investors, ANIIDCO organised an event in Delhi on December 4 to obtain feedback and suggestions from potential investors for making the initiative for the "Development of Eco-Tourism Projects in the Andaman Islands". Lt Governor of Andaman and Nicobar Islands Admiral D K Joshi (Retd), and Chief Secretary Keshav Chandra were present at the event. The chief secretary highlighted various initiatives taken by the administration for strengthening the infrastructure related to connectivity, power, water supply, etc. which will provide impetus to the development of tourism in the Islands. The main objective of the projects is to provide world-class and sustainable tourism infrastructure with low environmental impact and provision for the socio-economic involvement of the local population. "We are optimistic that such an investor's meet will surely make this beautiful Island the most sought-after destination for travellers and business leaders," Surendra Prahladka, President of Andaman Chamber of Commerce &amp; Industry (ACCI), who was also present at the event, told PTI.

Andaman to open uninhabited Aves Island for travellers in bid to attract tourism

<ul class="summary-list"><li>Two weeks ago, deadly fires ravaged Maui, leaving behind physical and economic devastation.</li><li>Now, businesses say they need tourism to stay afloat and keep their workers employed.</li></ul>While the <a href="https://www.businessinsider.com/maui-hawaii-land-aid-lahaina-wildfire-donations-developers-2023-8">fires in Maui</a> were still burning, Garrett Marrero flew into action.He delivered prescriptions and supplies to <a href="https://www.businessinsider.com/lahaina-maui-wildfire-what-went-wrong-climate-colonialism-2023-8">Lahaina, the most affected community</a> in West Maui. He opened a community kitchen, raised funds for charity, and set up donation centers.But he wasn't serving tourists at the brick-and-mortar Lahaina locations of his establishment Maui Brewing Company, which Marrero says typically gets as much as 70% of its in-person sales from tourists. He told Insider if there wasn't a quick return of tourism to Maui, the company might be forced to do layoffs.<div type="image" title="Garrett Marrero, owner of Maui Brewing Company, on his plane delivering supplies" height="1198" width="1597" msid="103104903" hostid="261"></div>Kyle Kawakami, the chef and owner of Maui Fresh Streatery, said he lost weeks of catering business from weddings and corporate events. He said one client who canceled a golf tournament still paid the bill so Kawakami could feed 350 hot meals to locals in need. That's just one example of how well-meaning visitors can keep money flowing on the island without physically coming and help in Maui's recovery from fires that have killed at least 115 people with nearly 400 still unaccounted for as of Friday. Kawakami said in the short term, though, local businesses need visitors to come back.Hawaii's economy <a href="https://www.businessinsider.com/maui-businesses-suffer-tourism-wildfires-hawaii-lahaina-2023-8">relies on tourism</a>. As opposed to the last time an unforeseen disaster — the pandemic — forced the planes to stop coming, Hawaiian businesses won't be receiving PPP-type loans from the federal government to get them through. Even with <a href="https://www.fema.gov/press-release/20230817/biden-harris-administration-provides-38-million-assistance-hawaii-residents" target="_blank" rel="noopener">millions in federal money pouring in</a>, there probably won't be another pandemic-level government response — such as one that provides beefed-up unemployment benefits or forgivable business loans — again. "COVID has shown us that you can hit pause; the federal government can give forgivable loans to the small businesses, it can provide direct relief for workers so we're not forced to make this choice," Kaniela Ing, the national director of the Green New Deal Network and a seventh-generation Indigenous Hawaiian from Maui, said.But right now, local businesses need tourists in the short run to survive, and some told Insider that residents <a href="https://www.insider.com/hawaii-maui-wildfires-tourists-locals-response-2023-8?_gl=1*vo7slp*_ga*OTg1NjEwNDUyLjE2ODYwODM3NTY.*_ga_E21CV80ZCZ*MTY5MjgwNjk0OC4yODEuMS4xNjkyODA3MjMxLjU0LjAuMA..">urging tourists to stay away</a> were misguided."I think there was a very irresponsible, very small minority, with very loud microphones popping off about Maui is closed," Marrero said. "Maui is not and has not ever been closed since the pandemic and at least through this crisis, so we encourage responsible tourism coming here to serve the community and to stay out of West Maui for the time being."<div type="image" title="Maui Fresh Streatery" height="2448" width="3264" msid="103104905" hostid="261"></div>It points to a key tension in the island's recovery: Too many tourists too soon could put a strain on local resources, but a lack of visitors could also cripple the local economy further."Short-term, we need visitors to come to help drive our economy right now, to keep people working, keep people employed, keep businesses like myself and other small businesses alive," Kawakami said. He added: "There's so much more than just economics and tourism. You have to really look at culture and what was before, and what did it turn into, and water rights, and community."<h2>What locals say relief should look like</h2>On Thursday, Sen. Brian Schatz of Hawaii <a href="https://twitter.com/brianschatz/status/1694781570425479223?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1694781570425479223%7Ctwgr%5Edc6f22562c1ad0c3f82070cb55f29fc8f63c1558%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cnbc.com%2F2023%2F08%2F25%2Fhawaii-calls-for-tourists-to-visit-maui-as-unemployment-claims-surge.html" target="_blank" rel="noopener">said on Twitter</a> that South Maui resorts "NEED visitors," adding "now we have housed virtually everyone, temporarily." Gov. Josh Green of Hawaii on Tuesday said that visitors should continue to visit the island but avoid West Maui where search and rescue efforts were still underway."When you come, you will support our local economy and help speed the recovery of the people that are suffering right now," Green said.About 70% of every dollar for the County of Maui is <a href="https://www.medb.org/tourism/" target="_blank" rel="noopener">generated by the tourism industry</a>, according to the Maui Economic Development Board. The industry also accounts for 75% of Maui's private-sector jobs, particularly in accommodation and food services. The visitor industry "is irrefutably the 'economic engine' for the County of Maui," the Board says.Still, <a href="https://www.hawaiitourismauthority.org/media/11352/handout-15-dbedt-resident-sentiment-survey-spring-2023.pdf" target="_blank" rel="noopener">a government poll</a> from May and June of this year found around two-thirds of Hawaii's residents thought their island was "being run for tourists at the expense of local people."<div type="image" title="Kaniela Ing, national director of the Green New Deal Network and a seventh-generation Indigenous Hawaiian from Maui." height="1009" width="1345" msid="103104908" hostid="261"></div>"On one hand," Ing said, businesses across Maui "have historically been dependent on revenue from tourists and will struggle to stay afloat without planes landing here. On the other hand, there are still thousands of survivors sleeping on cots, in tents, on gym floors, in homes of families who could barely afford to even take care of their own children, and we need the hotel rooms to house them immediately."Julia Tallman, a Maui-based restaurateur in the process of opening a new restaurant, said that the floodgates on tourism shouldn't open, but it should be a more measured return. "It's such a fine line between making sure all the local residents' needs are met first, and then when we can truly address that — okay, everyone's taken care of, they have a bed, they have a car — now, how much tourists can the island handle?"Leonard Junya Nakoa, a Lahaina activist, told Insider Lahaina was not ready for tourism. But he also didn't want another situation like the outbreak of COVID-19 in which the island shuts down completely. He would say right now Maui is "partly closed."When the fire started, his daughter was briefly unreachable, and her house burned down. Once he knew his daughter was safe and sound, he started putting together distribution hubs to help support families opening up their homes to displaced residents, providing everything from camping gear to medicine."It was through the efforts of local community, not the government," Nakoa said. And that's what rebuilding and recovery should look like, he added: "Community-driven, funded by the government." Tallman helped with a nonprofit that started sending out thousands of meals a day after grocery stores became inaccessible and food was hard to find. She's now working with <a href="https://hiagtourism.org/" target="_blank" rel="noopener">another nonprofit</a> focused on preparing meal kits so residents can start cooking at home.Tallman says as the weeks have gone on, she's realized her restaurant needs to open so it can provide jobs. She's worried about an economic collapse, with people losing their homes and jobs across the island. Ideally, a short-term solution toward recovery would be financial assistance, she said. She pointed to the pandemic-era <a href="https://www.cochawaii.org/hawaii-restaurant-card-program/" target="_blank" rel="noopener">Hawaii Restaurant Card Program</a> as one potential model; under that initiative, Hawaiians who received unemployment benefits got $500-preloaded debit cards that could be used at local restaurants and businesses. Kawakami said the rebuilding process should start with those who trace their roots back hundreds of years. With limited freshwater, for example, Indigenous Hawaiians should be at the center of discussions of whether that water should go toward agriculture or new developments, he said."I do believe personally, we will still need to look at tourism, but we like to use the term responsible tourism now in how we market our resources and our community," Kawakami said. "I think what we're looking for is a visitor that is more socially aware and actively aware of the community culture so that when people come out here, it's not Disneyland."

Maui business owners need tourism to survive, but say visitors should rethink how they use resources: 'It's not Disneyland'

<ul><li>The Indian railways stock has surged over 400% since its debut on the stock exchanges in October 2019.</li><li>Analysts are highly positive about <keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword>’s aggressive expansion plan in the hospitality sector and believe that the stock would reach ₹5,000 from the ₹3,000-level currently.</li><li>The market capitalisation of the stock is ₹63,726 crore.</li></ul>Shares of the <keyword id="70669" type="General" weightage="20" keywordseo="indian-railway-catering-and-tourism-corporation" source="Orion">Indian Railway Catering and Tourism Corporation</keyword> (IRCTC) have been trading with huge volumes in the last few weeks to gain almost 50% in one month. These quick gains have made the shares of the company spike 5 times i.e., 410% since its listing on exchanges in October 2019. Analysts believe the stock price is rising because of the company’s aggressive expansion plan in the hospitality sector. "IRCTC is aggressively focusing on its hospitality business by tying up with hotels, tour and travel service providers and local food suppliers. It is also giving special focus to its food chain business in running trains. Apart from this, IRCTC has made tie-ups with aviation companies as well. So, [the] market has realised that in coming times, it is no more [sic] going to remain an Indian Railways' e-ticket booking platform. It will emerge as A-Z hospitality service provider," said Ravi Singhal, vice chairman at GCL Securities according to a report by Mint. Analysts at Swastika Investmart reportedly say the reopening theme post covid restrictions is the reason for the traction in the stock along with news of stock split. Railways' <a href="https://www.livemint.com/market/stock-market-news/why-analysts-are-bullish-on-irctc-ircon-here-are-the-triggers-11629954156351.html">asset monetisation plan</a> is another trigger for the stock rise. On August 12, IRCTC approved a stock split in the ratio of 1:5 to enhance the liquidity in the capital market, widen the shareholder base and make the shares affordable to small investors. A stock split is generally done to make the stock more affordable for the small retail investors and increase liquidity. On September 17, the stock was up 5.44% as of 10:43 a.m., with heavy volumes. 5.29 million shares changed hands on the exchanges as compared to a roughly average volume of around 1 million shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in IRCTC share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last 5 days </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">One month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">48% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">This year so far </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">174% </td></tr></tbody></table> IRCTC is a central public sector enterprise operating in four segments, namely internet ticketing, catering, packaged drinking water, and travel and tourism. Aside from being the preferred portal for booking tickets, its subsidiary Rail Neer already accounts for nearly one in every two bottles of water sold in any railway station in India. Moreover, the company has been performing well on the financial front as it made a profit of ₹82.53 crore in June quarter 2021 as compared to loss of ₹24.60 crore during the same period last year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/universal-pension-is-a-better-idea-than-universal-basic-income-says-indias-chief-economic-advisor/articleshow/86282048.cms">Future of Work 2021: Universal pension is a better idea than universal basic income, says India's Chief Economic Advisor</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/the-only-way-to-beat-the-bots-from-taking-your-job-is-to-be-more-human/articleshow/86282273.cms">Future of Work 2021: The only way to beat the bots from taking your job is to be more human</a>

IRCTC soars almost 50% in one month on expansion strategy, boost in train bookings

<ul><li><keyword id="70669" type="ORGANIZATION" weightage="20" keywordseo="Indian-Railway-Catering-and-Tourism-Corporation">Indian Railway Catering and Tourism Corporation</keyword> (<keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword>) shares have zoomed 216% since its listing in October 2019.</li><li>Analysts expect the stock to gain more in the months ahead as people travel more, with more vaccinations and fewer infections.</li><li>Its recent tie-ups with tech platforms and new bottling plants are expected to boost revenue growth</li><li>Check out the latest news and updates on Business Insider.</li></ul>Indian Railway Catering and Tourism Corporation (IRCTC) shares have zoomed 216% since its listing in October 2019. Now, the ₹40,000 crore ($5.7 billion) company, which has a monopoly in ticket bookings and catering for the Indian Railways, plans to split the stock. A stock split is the process of reducing the price, in turn, giving the existing shareholders more shares in the company. If you have 1,000 shares worth ₹100 each, and the stock split is 10:1, you will have 10,000 shares worth ₹10 each. It makes it more affordable for small investors to buy and sell shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in IRCTC share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">This year so far </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73% </td></tr></tbody><tbody></tbody></table> The next question would be what led to the outperformance and rapid uptick in the stock? Investors expect that the economy will open up, people will travel more, as the vaccinations pick up pace and the pandemic peters out. The recovery is already visible in its earnings of the last four quarters. In its report in July 2021, broking firm Anand Rathi said the shares could worth ₹2,850 apiece in the next one year. <div type="image" title="IRCTC chart" height="900" width="1200" msid="84967721" hostid="261"></div> IRCTC is a central public sector enterprise operating in 4 segments, namely internet ticketing, catering, packaged drinking water and travel &amp; tourism. Aside from being the preferred portal for booking tickets, its subsidiary Rail Neer already accounts for nearly one in every two bottles of water sold in any railway station in India. It plans to commission four new bottling plants this year and that would mean more supply to meet the demand as it revives. Recently, in e-catering, the company has partnered with private tech platforms like travel portal Ixigo and payments startup MobiKwik to name a few. “Going forward, management expects to reach the pre COVID level very soon after the resumption of Tejas Express, increase in convenience revenue to 25%, capacity expansion of Rail Neer and the impact of price hike announced in catering will play out by then,” the Anand Rathi report said. SEE ALSO: <a href="https://www.businessinsider.in/business/news/exclusive-indias-largest-zinc-miner-is-eyeing-a-share-of-the-bangladesh-economic-boom/articleshow/84963388.cms">India's largest zinc miner Hindustan Zinc is eyeing a share of the Bangladesh economic boom </a> <a href="https://www.businessinsider.in/stock-market/news/zomato-indigo-paints-bectors-food-ujjivan-small-finance-bank-and-other-hot-stocks-that-have-lost-steam-since-listing/articleshow/84964352.cms">Zomato, Indigo paints, bectors food, Ujjivan small finance bank and another hot stocks that have lost steam since listing</a>

₹10,000 invested in IRCTC shares on listing is worth more than ₹38,000 today ⁠— the record could get even better

<ul><li>Today, the Park covers an area of 1334 square kilometres after the adjacent Keladevi Sanctuary, Sawai Mansingh sanctuary and a few other forests were added to the Park's territory.</li><li>If you really want to see a <keyword id="9403" type="ORGANIZATION" weightage="20" keywordseo="Tiger">tiger</keyword>, be sure to book at least three safaris.</li><li>Built by the Chauhan Rajputs, the Ranthambore Fort is believed to be the first Jauhar site in Rajput history.</li></ul>Among the leading tiger sanctuaries in India, <keyword id="6368667" type="UNKNOWN" weightage="20" keywordseo="Ranthambore-National-Park">Ranthambore National Park</keyword> in Rajasthan is an old favourite amongst <keyword id="6360144" type="UNKNOWN" weightage="20" keywordseo="wildlife">wildlife</keyword> lovers despite the promise of sighting the elusive big cat remaining slim. Open from October to June, Ranthambore is perhaps one of the best places to see wild tigers in Rajasthan. Of course, multiple attempts may be required. That said, tigers are not the only creatures inhabiting the dry scrublands. The Park is also home to a host of other wild animals, including leopards, striped hyenas, crocodiles, langurs, rhesus macaques, jackals, jungle cats, caracals, blackbuck, black-naped hare, chinkara and hundreds of species of birds. <div type="image" title="Ranthamore National Park" msid="82015236" hostid="261"></div>Ranthambore was declared a tiger reserve in 1973, and seven years later, a 274.5 square kilometre area of the forest was declared as Ranthambore National Park. Today, the Park covers an area of 1334 square kilometres after the adjacent Keladevi Sanctuary, Sawai Mansingh sanctuary and a few other forests were added to the Park's <a href="https://www.wwfindia.org/about_wwf/critical_regions/national_parks_tiger_reserves/ranthambore_tiger_reserve/">territory</a>. The topography consists primarily of grasslands and forest cover featuring primarily hardy 'dhak' (Butea monosperma) trees that can withstand long dry spells. Also called 'Flame of forest', these dhak trees flower even during the dry season. Safaris<div type="image" title="Ranthambore National Park" msid="82015215" hostid="261"></div>If you really want to see a tiger, be sure to book at least three safaris. Ten kilometres from Sawai Madhopur is the first gate of the Park, and an additional 3 kilometres will take you to the main gate. The safaris take place twice daily -- morning and evening. You have the option to book a Gypsy vehicle that will ensure a more private experience. Else, you can book a seat in a canter which is basically a large open van. Booking can be made in advance from the <a href="http://www.rajasthanwildlife.in/">website</a>, or you can try your luck directly at the Forest Office who keep a few canters and a Gypsy on hold for impromptu reservations.Ranthambore Fort Smack in the middle of the Park is the fascinating 10th-century Ranthambore Fort, strewn around which are ancient temples and mosques, hunting pavilions, lakes and vine-covered chhatris. Built by the Chauhan Rajputs, the Fort is believed to be the first Jauhar site (mass suicide by immolation) in Rajput history. The rather grim story is that the ruler Hammir Deva was embroiled in a long battle with Muslim forces. Although Hammir fought off the invaders, the women who were seeking refuge in the Fort learned that he had succumbed on the battlefield and preferring death to dishonour, they committed mass suicide. Covering an area of 4.5 square kilometres, the ruins of the Fort provide a great vantage point to view the surrounding areas. The Fort also has a few temples dedicated to Ganesha, Shiva and Ramlalaji. DastkarThis not-for-profit NGO was established in 1981 to empower village women to earn regular income by selling their textile and embroidery work. Situated a little beyond the park entrance, the Dastkar Ranthambore Project was started in 1991. At the time, there were only 100 <keyword id="940905" type="COMPANY" weightage="20" keywordseo="bandhani">Bandhani</keyword> workers in Sawai Madhopur. Today, more than 2000 craftspeople work here. The workshop and outlet is definitely worth a visit. <div type="image" title="Ranthambore National Park" msid="82015255" hostid="261"></div> Getting thereAround 463 kilometres from Delhi, Ranthambore can be reached by car, or you can take a train to the town of Sawai Madhopur. There are a bunch of trains that ply this route, including the Nizamuddin–Kota Jan Shatabdi (12060) that leaves Delhi at 1.15 pm and arrives at Sawai Madhopur at around 6 pm. Or you can opt for the Golden Temple Mail (12904) that departs from the Nizammudin station in Delhi at 7.05 am and arrives at Sawai Madhopur at 1 pm. Places to stay There are dozens of places to stay to suit every budget near the Park. <a href="https://www.khemvillas.com/">Khem Villas</a>, a rather swanky property, is run by the late Fateh Singh Rathore's son who was an instrumental force behind the tiger conservation movement here. This impressive eco-lodge set in 22 acres of organic farmland and reafforested land has various accommodation options on offer -- from rooms in the colonial-style bungalow to luxury tents and stone cottages. Run by the <keyword id="167201" type="COMPANY" weightage="20" keywordseo="Rajasthan-Tourism-Development-Corporation">Rajasthan Tourism Development Corporation</keyword>, <a href="http://rtdc.tourism.rajasthan.gov.in/Client/HotelDetails.aspx?HotelID=SawaiMadhopurJhoomarBaori">RTDC Castle Jhoomar Baori</a> is around 7 kilometres from the station. The property was a former royal hunting lodge set on a hilltop and features basic borderline shabby rooms, but the location and price make up for these shortcomings. Located at a distance from the main city, Clarks Resort Abhyaran Ranthambore is another reasonably-priced hotel with 30 rooms, a spa and a pool, among other facilities. Customers have shared rave reviews about the staff and the food. SEE ALSO:<a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/article/mountains-rivers-trout-and-toddy-manali-offers-you-all-these-and-more/articleshow/82002848.cms">Mountains, rivers, trout and toddy - Manali offers you all these and more</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/article/mountains-rivers-trout-and-toddy-manali-offers-you-all-these-and-more/articleshow/82002848.cms"></a><a href="https://www.businessinsider.in/business/startups/news/founders-take-note-heres-why-most-startups-fail/articleshow/81981138.cms">Founders, take note: here’s why most startups fail</a><a href="https://www.businessinsider.in/tech/apps/news/google-phone-app-now-lets-you-record-calls-automatically-from-unknown-numbers/articleshow/81982791.cms">Google Phone app now lets you record calls automatically from unknown numbers</a>

Ranthambore National Park features an excellent variety of wildlife amidst dry scrublands and fortress ruins

<ul class="summary-list"><li><keyword id="904791" type="PERSON" weightage="60" keywordseo="PO-Cruises">P&amp;O Cruises</keyword> announced its Ultimate Escape sailings along the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> coast from July to September.</li><li>The <keyword id="499344" type="ORGANIZATION" weightage="60" keywordseo="Cruises">cruises</keyword> will sail on P&amp;O's Britannia and Iona ships for three to seven nights.</li><li>Only UK residents who've been vaccinated against COVID-19 will be allowed on the cruises.</li></ul>UK residents eager for cruising to return will finally get to sail aboard a cruise ship this summer - as long as they have been vaccinated against COVID-19.On March 17, Carnival Corp's UK brand, P&amp;O Cruises, announced its Ultimate Escape UK sailings from July to September. This new collection - which will cruise along the UK coast - is made up of shorter trips on P&amp;O's Britannia ship, and week-long sailings on its new Iona ship.The Britannia sailings will shuttle guests on three, four, and six-night cruises starting at £449, about $620, per person. This price then goes up for the seven-night Iona sailings, which will start at £1,199, about $1,670, for its maiden trip.Besides prices and duration, the two ships' sailing timelines will also look different: Britannia will sail from June 27 to September 19, while Iona will only be cruising from August 7 to September 18. Despite these differences, both ships will be departing from Southampton, England and will include all the classic cruising amenities, from fine dining to live shows to spas. "As we have spent the majority of the last year at home, to be able to have a restorative and relaxing break, sit on deck with a sea view in the summer sunshine and then enjoy an indulgent dinner and show - it's certainly what we all need this year and we cannot wait to have our guests back on board," Paul Ludlow, president of P&amp;O Cruises, said in a statement.<div type="image" title="P&amp;O Cruises' Iona ship" height="1250" width="2500" msid="81555710" hostid="261"></div>However, these sailings won't be anything more than a staycation for locals: the cruises will only be available to UK residents who have been fully vaccinated against COVID-19 at least seven days before the trip. This vaccination decision stemmed directly from the "advanced progress of the UK vaccination program and strong expressed preference on the part of our guests," the cruise line said in a press release. "While there is still uncertainty about holidays abroad this summer, we are delighted to be able to offer our guests the ultimate escape here in the UK with the reassurance that we will take care of everything," Ludlow said in a statement.Besides the vaccine mandate, the cruises will also be implementing health protocols that have been created with experts, scientists, and the UK government. This includes mandatory <keyword id="6354692" type="UNKNOWN" weightage="100" keywordseo="Travel">travel</keyword> insurance, social distancing measures, and mask-wearing "in certain areas of the ship." The crew will also be quarantined and tested throughout the sailings.P&amp;O joins a <a href="https://www.businessinsider.com/cruise-ship-covid-vaccine-requirements-guests-crew-each-company-2021-2">growing list of cruise lines that have made COVID-19 vaccinations mandatory</a> for either guests, crew, or both, including Royal Caribbean, Norwegian, and Richard Branson's Virgin Voyages.Are you a cruise industry employee or have a cruise industry story to share? Contact this reporter at bchang@insider.com.

A Carnival-owned cruise line just announced fully vaccinated June cruises in the UK

The <keyword id="884194" type="General" weightage="20" keywordseo="chhattisgarh-tourism-board" source="Orion">Chhattisgarh Tourism Board</keyword> (CTB) on Tuesday signed a memorandum of understanding (MoU) with the Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword>) to promote tourist places of the state through the PSU's social media platform, a government official here said. The agreement, signed in the presence of Chief Minister Bhupesh Baghel during the Tourism Conclave organized here by CTB to mark the World Tourism Day, will boost the key sector in the state, he said. Under the MoU, the IRCTC will promote tourist places of <keyword id="43945" type="General" weightage="20" keywordseo="Chhattisgarh" source="Orion">Chhattisgarh</keyword> through its social media platform, thereby helping attract travellers from other parts of the country, the official said. Speaking on the occasion, Baghel highlighted the uniqueness of Chhattisgarh's rich culture and history and stressed on the need to showcase them to the world. "Earlier, the mere mention of Chhattisgarh conjured up images of Maoist violence and mineral resources. Tourism in the state was neglected for a long time and even after the formation of the state (in 2000) it could not get due popularity and the focus remained centred on Maoist issues," he said. There was a need to put tourist places of Chhattisgarh on the world tourism map and his government was continuously making efforts in this direction, the chief minister added. Meanwhile, the CM also unveiled a statue of Chendru Mandavi, popularly known as 'tiger boy' from Bastar's Narayanpur district, who gained international fame after starring in the movie "Jungle Saga", directed by noted Swedish filmmaker Arne Sucksdroff in the late 1950s, the official said. Mandavi's grandfather had rescued a tiger cub from jungles and gifted it to him in his childhood. He reared the tiger named Tembu. The Swedish filmmaker had visited Mandavi's village Gadhbengal (Narayanpur district) and made a film on him, he said. Baghel also released a memento of CTB depicting the friendship of Mandavi, who died in 2013, and the tiger. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/torrent-pharma-torrent-pharma-acquire-curatio-torrent-pharma-company-torrent-pharmaceuticals/articleshow/94496070.cms">Torrent Pharma to acquire Curatio for Rs 2,000 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/market-in-the-grips-of-a-bear-hug-nifty50-trades-below-17000-points-rupee-hits-a-new-low/articleshow/94496389.cms">Market in the grips of a bear hug: Nifty50 trades below 17,000 points, rupee hits a new low</a>

IRCTC enters into agreement to promote tourist spots of Chhattisgarh

<ul class="summary-list"><li><keyword id="13541" type="COMPANY" weightage="60" keywordseo="Hilton">Hilton</keyword>'s last round of layoffs included its vice president of global <keyword id="61889" type="ORGANIZATION" weightage="60" keywordseo="Diversity">diversity</keyword> and inclusion, Jon Muñoz, according to a LinkedIn post.</li><li>The <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> pandemic devastated the hospitality industry, with some experts predicting that <a href="https://www.businessinsider.com/hotel-industry-could-lose-4-million-jobs-coronavirus-covid19-unemployment-2020-3">4 million people who work for hotels</a> could lose their jobs.</li><li>A person who used to work directly with Muñoz at Hilton said she was "very surprised" to learn of his departure but that it had been "hard for him to make a movement on diversity" at the company.</li><li>The protests that followed George Floyd's killing in Minneapolis have led to calls for corporations to take accountability for their roles in perpetuating systemic racism. </li></ul>As many Americans call on companies to take accountability for their roles in perpetuating systemic racism, Hilton just laid off its vice president of global diversity and inclusion, Jon Muñoz.Muñoz announced in a <a href="https://www.linkedin.com/posts/jongmunoz_it-is-with-mixed-emotions-that-i-share-the-activity-6679849235036286976-svSQ/">LinkedIn post</a> earlier this week that Hilton had "eliminated" his role because of "business challenges caused by COVID-19." The coronavirus pandemic has devastated the hospitality industry in general, with some experts predicting that <a href="https://www.businessinsider.com/hotel-industry-could-lose-4-million-jobs-coronavirus-covid19-unemployment-2020-3">4 million people who work for hotels</a> could lose their jobs.<a href="https://newsroom.hilton.com/corporate/news/hilton-update-on-corporate-response-to-covid19">Hilton announced</a> last week "the intended reduction of approximately 2,100 corporate roles globally" without elaborating on which divisions would be affected.Muñoz had served as Hilton's head of global diversity and inclusion since March 2018. That year, Fortune magazine named Hilton the <a href="https://fortune.com/2018/12/06/hilton-best-workplace-diversity/">"best workforce for diversity" among all major US firms</a>.Before working at Hilton, Muñoz was a leader in the Hispanic and LGBTQ communities, as his LinkedIn indicates he served on the board of directors for the <a href="https://americanlatinomuseum.org/">Friends of the American Latino Museum</a> and for the <a href="https://www.travelpulse.com/suppliers/travalliancemedia/international-gay-lesbian-travel-association.html">International Gay &amp; Lesbian Travel Association</a>. "Although I'm saddened by this turn of events, I'm extremely proud of the progress made these last nine years in our comprehensive diversity management practice," Muñoz wrote on LinkedIn. Muñoz declined to comment for this story.Muñoz's departure comes at a time when Americans are calling for more corporate accountability for systemic racism. After George Floyd's killing at the hands of a Minneapolis police officer, protests erupted in hundreds of cities calling for an end to racist policing, leading to a broader conversation around systemic racism. Employees have since shed light on the racial harassment many Black employees face at workplaces in <a href="https://www.businessinsider.com/bon-appetit-adam-rapoport-toxic-racism-culture-2020-6">media</a>, <a href="https://www.businessinsider.com/black-adidas-workers-say-internal-racism-is-global-company-issue-2020-6">retail</a>, and <a href="https://www.businessinsider.com/the-inside-story-of-pinterest-toxic-workplace-2020-6">tech</a>. Many protests have coincided with LGBTQ activism during Pride Month, <a href="https://www.insider.com/pride-and-black-lives-matter-movement-march-together-for-change-2020-6">Insider has reported</a>.Business Insider has featured Laura Fuentes, the company's chief talent officer, as <a href="https://www.businessinsider.com/diversity-inclusion-strategy-chiefs-twitter-netflix-salesforce-2020-2">one of the 10 most influential corporate diversity leaders</a>. In December, we reached out to Muñoz for comment on his role in making Hilton the <a href="https://fortune.com/2018/12/06/hilton-best-workplace-diversity/">best workplace for diversity in 2018</a>, but Alison Menon, Hilton's senior manager of corporate communications, said in an email at the time that that Fuentes "leads on our D&amp;I efforts" and that Muñoz reported into her.Asked to comment on Muñoz's role being eliminated, the company said its "global head of talent and diversity is Laura Fuentes and she remains with Hilton." Hilton declined to comment on specific departures, saying that additional personnel updates in Fuentes' team "will be shared first internally."In Hilton's <a href="https://www.hilton.com/en/corporate/wp-content/uploads/2019/11/20190225_External-Diversity-Brochure.pdf">2019 brochure</a> on diversity and inclusion at the company, Muñoz and Fuentes were both featured in "leadership spotlight" segments, with Muñoz listed as vice president of global diversity and inclusion and Fuentes as senior vice president of talent and rewards.A person who said she previously worked directly on diversity initiatives with Muñoz, and who left Hilton several months ago, told Business Insider she felt "very surprised" after learning of his departure via LinkedIn.In regard the exact nature of Muñoz's role and his level of input on diversity issues, the person said he was "sort of layered" and that in her view, it had been "hard for him to make a movement on diversity within Hilton."The person said Muñoz repeatedly came up against the company's "stance" that it has already made progress on diversity.Hilton did not respond to Business Insider's questions on whether it had postponed or canceled diversity initiatives proposed by Muñoz, or on any internal audits of corporate diversity or pay disparity between men and women. "Conrad Hilton founded the company on this notion that <keyword id="6354692" type="UNKNOWN" weightage="60" keywordseo="Travel">travel</keyword> could foster peace and cultural understanding," Fuentes previously told Business Insider. "Hospitality is still our core value, and that takes on a very personal meaning around diversity and inclusion."For this article, Hilton said it reaffirmed its "longstanding commitment to diversity and inclusion." It did not say whether the company thinks more needs to be done on diversity and inclusion at the company.

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₹10,000 invested in IRCTC shares on listing is worth more than ₹38,000 today ⁠— the record could get even better

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Ranthambore National Park features an excellent variety of wildlife amidst dry scrublands and fortress ruins

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