Home > Archive by tag 'airlines'

Posts Tagged ‘ airlines ’

Foreign Airlines In India Can’t Settle Transactions Abroad, Says RBI

Monday, April 11, 2011 | More »

Foreign airlines operating in the country must stop their practice of using overseas banks to settle transactions in Indian Rupees (INR) from online tickets sales in India, an RBI circular has mandated. Those airlines must return to India any surplus collected from such ticket sales and they have to...