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ANALYSIS: National Bank lowers refinancing rate amid growing instability in FX market

Monthly overview of Belarus’ money-crediting & banking sector, Jan 2020 MINSK, Mar 2 – PrimePress Analysis. The monetary sector of the Belarusian economy, despite its higher efficiency compared to the real sector, has been under pressure from internal and external risks since the beginning of the year. The lack of oil agreements and the resulting decline in exports of oil ... Read More »

OTOAI Press release on TCS

OTOAI meets MoF in its ongoing endeavour to stop implementation of TCS We are all aware that taking an international trip is most likely to become more expensive from April 1, 2020. Budget 2020 proposed to amend section 206C to levy TCS on overseas remittance and for sale of an overseas tour package. According to this, while buying an overseas ... Read More »

5th OTOAI Convention Postponed

5th OTOAI Convention Postponed In light of the recent developments regarding spread of the Corona Virus outbreak all across the world, the Outbound Tour Operators Association of India (OTOAI) has decided to postpone its Convention. The Convention was scheduled to take place in Antalya, Turkey from March 15-18, 2020. RiazMunshi, President, shares, “It is unfortunate that we had to postpone ... Read More »

Corona Virus : Guidelines issued by the Ministry of Health & Family Welfare

Corona Virus : Guidelines issued by the Ministry of Health & Family Welfare Guidelines issued by the Ministry of Health & Family Welfare on prevention of transmission and disinfection of hotels/ lodging facilities where suspect/ confirmed Coronavirus (COVID-19) cases have been housed.   This is circulated to all members for information with a request to be vigilant about possible suspect cases ... Read More »