No Facilitation Fee to Agents for Air Travel by Government Officials: Finance Ministry
New Delhi: The Finance Ministry has barred PSU travel agents, including IRCTC and Balmer Lawrie, from charging facilitation fees from government officials on their domestic and international air travels.
The government had on October 10, 2013 allowed three authorised travel agents - IRCTC, Balmer Lawrie and Ashok Travels & Tours - to charge a facilitation fee of Rs 100 on domestic air travels and Rs 300 on international travels.
"It has been decided to withdraw office memorandum of October 10, 2013, with immediate effect," the expenditure department of the Finance Ministry said in an office order.
Consequently, it added that "no fee/service charges which are not included in the tariff charged by Air India/Airlines are required to be paid to the authorised travel agents".
It also advised that as far as possible, air tickets on government account may be obtained directly from Air India/airlines (booking counters/offices/website).
However, it said, if it is not possible to obtain tickets directly from Air India/airlines counters, they may obtain the services of three authorised travel agents.
In order to rationalise government expenditure, the Finance Ministry has already constituted an Expenditure Management Commission under former RBI governor Bimal Jalan.
The commission is expected to suggest ways to prune subsidies and reduce other expenses to bring down the fiscal deficit.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.