India to grant tourist visa to foreigners coming by chartered flights from Oct 15

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New Delhi, Oct 7 | The Ministry of Home Affairs (MHA) will grant fresh tourist visas to foreigners coming to India by chartered flights from October 15.

The ministry also said that foreigners travelling to India by flights other than chartered aircraft will get the facility with effect from November 15.

The ministry said that all due protocols and norms relating to Covid-19, as notified by the Union Health Ministry from time to time, shall be adhered to by the foreign tourists, the carriers bringing them to India and all other stakeholders at the landing stations.

With this, the restrictions placed on visa and international travel stand further eased given the present overall Covid situation.

A Home Ministry official said that the government had been receiving representations from several state governments as well as various stakeholders in the tourism sector to start issuing tourist visas in order to allow foreign tourists to come to India.

“The Home Ministry took the decision after consulting all the major stakeholders, including the Ministries of Health, External Affairs, Civil Aviation, Tourism and various state governments where foreign tourists are expected to arrive,” an official said.

As of now, India has air bubble arrangements with other countries, but the scheduled international flights are still suspended.

Due to the pandemic, all visas granted to foreigners were suspended last year. Various other restrictions were also imposed on international travel by the Central government to arrest the spread of the pandemic.

After considering the evolving Covid situation, foreigners were later allowed to avail any kind of Indian visa other than tourist visa for entry and stay in the country.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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