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  • For govt-funded travel, book air tickets only from 3 agents: Finance Ministry to government employees

balmer lawrie travel government of india

  • Manas Dwivedi ,
  • ETTravelWorld
  • Updated On Jan 3, 2022 at 08:57 AM IST

balmer lawrie travel government of india

Travel agents across India unable to use Air India’s inventory on GDS, trade faces disruption in ticket booking: TAFI

“Attempts to contact senior management have proved futile and salespersons have been stalling and attributing the problem to a ‘technical issue’ without any official announcement,” said the travel trade association.

  • By Manas Dwivedi ,
  • Published On Jan 1, 2022 at 03:16 PM IST

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For govt-funded air travels, Centre mandates ticket booking from these 3 agents

The department of expenditure under the finance ministry said the decision has been taken in view of the disinvestment of air india.

The Department of Expenditure in a 2009 order had said in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.

The finance ministry on Friday said that for all air travels where the government bears the cost, the tickets will be purchased from either of the three agents -- Balmer Lawrie, Ashok Travels & Tours, and IRCTC.

In an office memorandum, the Department of Expenditure under the finance ministry said the decision has been taken in view of the disinvestment of Air India.

"In all cases of air travel where the Government of India bears the cost of air passage, air tickets shall be purchased from the three authorised travel agents viz. Balmer Lawrie & Company Limited (BLCL), Ashok Travels & Tours (ATT), Indian Railways Catering and Tourism Corporation Ltd (IRCTC)," it said.

The choice of the travel agent for booking of the ticket by the individual ministry/ department will depend on the quality of service provided, additional facilities viz. excess baggage., cancellation and rescheduling facility, said the expenditure department.

The administrative ministries of the three authorised agents will also ensure that all the three agencies, apart from providing facilities through dedicated staff, also provide an option for booking tickets directly through an application as functionality on their website, specifically for the central government employees posted in areas in the country where the services of authorised travel agents may not be easily available.

The Department of Expenditure in a 2009 order had said in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.

After its decision to sell Air India to Tata group for ₹ 18,000 crore, the government in October had asked ministries and departments to clear dues of debt-laden Air India immediately and, henceforth, purchase tickets only in cash.

The government is looking to complete the sale process of Air India to the Tata group by next month. 

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Balmer Lawrie Investment Ltd Hits 52-Week High, Shows Strong Growth in Finance Industry

balmer lawrie travel government of india

Balmer Lawrie Investment Ltd, a smallcap company in the finance/NBFC industry, has recently hit a 52-week high on May 21, 2024. The stock has been performing well, with a consecutive gain for the last 8 days and a rise of 27.18% in that period. Today, the stock outperformed the sector by 3.76%, reaching an intraday high of Rs 939. According to MarketsMOJO, the stock call for Balmer Lawrie Investment is 'Hold'. The company's stock price has been on an upward trend, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive sentiment among investors and a strong performance by the company. At the current price, Balmer Lawrie Investment offers a high dividend yield of 3.66%. This is a good sign for investors looking for stable returns. In comparison, the company's 1-year performance has been impressive, with a growth of 143.23% compared to Sensex's 19.65% performance. Balmer Lawrie Investment Ltd has shown strong growth and potential in the finance/NBFC industry. With its recent 52-week high and consistent performance, the company is definitely one to watch in the smallcap segment. Investors may want to consider adding this stock to their portfolio for potential long-term gains.

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