Check latest flight ticket cancellation policy, fee, and rules of Indigo: For bookings made between March 9, 2020 till March 31, 2020, for any travel date, one can reschedule your journey multiple times, without paying any change fee.

Air India has stated that if the flight is cancelled, flyers need not call Air India or Travel Agent through whom the tickets have been booked.

Spicejet flight cancellation: Flyers must remember that this is a limited period waiver. SpiceJet has categorically stated that it reserves the right to withdraw this waiver without prior notice.

For Vistara CV members, tier status re-evaluation is paused from March 18 to April 30. However, if Vistara CV members wish to reschedule their travel to a later date, Vistara is providing an offer We offer to opt for an alternate date without any change free.

Coronavirus Update: Worried about refund from ticket cancellation? Here is a solution for your problem. Airlines like AirAsia, Indigo, and GoAir are offering credit shells, IE reported. The report said that whenever such mass cancellations take place, it becomes a huge problem for airlines to refund every passenger. In the wake of unprecedented cancellations on […]

Market analysts suggest a 17% fall in the global revenue from travel and tourism industry, estimated at about 568.6 billion U.S. dollars.

Currently, most of the airlines are not giving waivers on the cancellation charges and also not refunding in cash.

Private carrier Indigo airline has said that it will start flight operations from May 4 after the end of the nationwide lockdown.

The airlines have said that they will not refund the money back for cancelled tickets and customers can get their tickets scheduled for the next available date.

Guidelines on refunds for flight ticket cancellations during the lockdown period have been issued!

As the Coronavirus outbreak intensifies in India, the Ministry of Home Affairs have decided to extend the suspension of existing Indian visas given to foreign nationals.

Civil Aviation Minister Hardeep Singh Puri took to Twitter to indicate that the restrictions will only be lifted once the government is confident that the outbreak of Coronavirus has been controlled.

The plea which has been filed by the Pravasi Legal Cell has also requested the court to declare the action of the airlines not refunding the full amount illegal and violative of the Civil Aviation Requirement.

Making things worse is that some countries that are specifically hard-hit by the coronavirus are also heavily dependent on tourism, like Italy and Spain.

Even though the work has started authorities have ensured that each and every norms of the Coronavirus COVID-19 Lockdown extension are followed at the Kashi Vishwanath Dham project site.

Flyers, who had booked flights via Paytm, will receive the refund in their airline credit shell. They can redeem that refund amount in order to book a flight ticket via Paytm website and mobile site.

Social distancing will be maintained in lines for amenities, in restaurants, on rides and other facilities and sanitization and disinfection will be boosted, the company said in a news release.

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Alliance Air, which is the low cost regional subsidiary of Air India, will launch three new routes under the government's regional connectivity scheme by the end of September and will induct eight ATR – 72 aircraft by the end of FY18 to further consolidate and expand its operations.

It’s been a rough few weeks for the world’s wealthiest man.

Pakistan on Monday conferred its highest civilian award Nishan-e-Pakistan on Saudi Crown Prince Mohammad bin Salman for his “outstanding support” in reinvigorating the ties between the two countries.

Indonesia’s Lion Air firms up moves to drop a $22 billion order for the 737 in favour of the Airbus jet, according to a person with knowledge of the plan.

The agency said the rating on India Infoline Finance's corporate family rating, foreign and local currency debt and its senior secured MTN programme ratings, and also senior unsecured debt rating are placed under review for downgrade. 

Loans and advances grew 60% year-on-year during 2019-20, from Rs 44,776 crore in March 31, 2019. Its total deposits grew 32% y-o-y to Rs 57,073 crore during the fiscal ended March, 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.

The National Payments Corporation of India (NPCI) has been urging Indians to use more digital payment methods, so that people do not step out even to go to the ATM, reduce social contact and curb the spread of Covid-19.

Direct Benefit Transfer (DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.

"Since March 15, our volumes on outward remittance services have increased many fold. There is a significant difference in before-and-after demand since mid of March," said Praveen Kutty, Head of Retail and SME Banking, DCB Bank without quantifying the increase in demand.

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.

Experts say more borrowers are likely to line up for emergency credit from banks as many businesses will be hit by the slump in demand and zero footfall in the market in the wake of the pandemic.

In the fiscal ended March 31, 2020, bank loans had decelerated to 6.14 per cent, a near five-decade low, due to slower economic growth, lower demand and as banks remained risk averse.

However, if collections don’t revive rapidly for the NBFCs and MFIs in particular within this period, the liquidity challenges may continue and will necessitate longer term funding,” the firm said.

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.

Warburg Pincus affiliate Dayside Investment Ltd and insurance firms ICICI Prudential Life Insurance Company, HDFC Life Insurance, and Bajaj Allianz Life Insurance will infuse capital in the lender.

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.

China’s central bank has started testing its official Bitcoin-like digital currency DCEP, and the bank is now planning to roll out the virtual money payment system soon.

The RBI, in a press release, said 'financial position of the bank is highly adverse and unsustainable'.

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.

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