DIMINISHING RETURNS
Business Today India|January 07, 2024
GRAPPLING WITH DECREASING REVOLVER RATES, MARGIN PRESSURES AND THE PREVALENCE OF EASY DIGITAL LOANS, CREDIT CARD PROVIDERS ARE TRIMMING BENEFITS. WHAT DOES THIS MEAN FOR CARDHOLDERS? 
TEENA JAIN KAUSHAL
DIMINISHING RETURNS

DINING AT AIRPORTS can be a seriously pricey affair. A simple vada pav—that costs around ₹50 in an average outlet outside an airport—could potentially be found being sold at five times that price at ₹250 inside airports. If you decide to get it on the plane, the expenses multiply further. Smelling an opportunity, credit card providers were offering complimentary lounge access with some of their cards, making them more appealing for cardholders. For a nominal fee of just ₹1, cardholders could access and enjoy the luxurious buffet available in lounges across airports. This perk has swiftly become one of the most sought-after privileges associated with credit cards after the surge in air-travel post the Covid-19 pandemic.

However, the situation is in a flux now. Long queues for entry into airport lounges is a common sight at almost all major airports today. And even if you manage to get inside, securing a comfortable table requires another massive stroke of luck. The surge in post-pandemic travel has unexpectedly heightened the demand for this perk, surpassing the lounge demand from the pre-Covid-19 era.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY INDIAView all
"OFFER MORE SOPS FOR THE NEW TAX REGIME”
Business Today India

"OFFER MORE SOPS FOR THE NEW TAX REGIME”

Dinesh Kanabar, CEO of Dhruva Advisors, on the tax-related measures expected in the Budget, reforms, and more

time-read
3 mins  |
February 02, 2025
IN SEARCH OF A BOOSTER SHOT
Business Today India

IN SEARCH OF A BOOSTER SHOT

TO BOOST GROWTH, THE GOVERNMENT MAY FOCUS ON INCREASING CAPEX AND BOOSTING DOMESTIC CONSUMPTION, PARTICULARLY TARGETING THE MIDDLE CLASS. THIS COULD PROVIDE A FILLIP TO STOCKS IN THOSE SECTORS

time-read
6 mins  |
February 02, 2025
HEALTH BOOST
Business Today India

HEALTH BOOST

THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN

time-read
7 mins  |
February 02, 2025
"Indian aviation to see double-digit growth for the next 30 years"
Business Today India

"Indian aviation to see double-digit growth for the next 30 years"

Vinay Dube, Founder & CEO of Akasa Air, on the country's aviation sector, why the airline was set up, and more

time-read
8 mins  |
February 02, 2025
TIME TO BE SMART
Business Today India

TIME TO BE SMART

This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments

time-read
3 mins  |
February 02, 2025
CLOTHES MAKETH A MAN
Business Today India

CLOTHES MAKETH A MAN

THE MEN’S LUXURY MARKET IN INDIA, ONCE A NICHE SEGMENT, IS WITNESSING AN EXTRAORDINARY RISE AND IS THRIVING, THANKS TO SOCIAL MEDIA AND RISING DISPOSABLE INCOMES

time-read
6 mins  |
February 02, 2025
Front-running Redux
Business Today India

Front-running Redux

Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets

time-read
3 mins  |
February 02, 2025
Triumph of Engineering
Business Today India

Triumph of Engineering

The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism

time-read
2 mins  |
February 02, 2025
MAKING A MARK
Business Today India

MAKING A MARK

IN A LANDSCAPE DOMINATED BY THE BIG FOUR ACCOUNTING FIRMS, DHRUVA ADVISORS HAS STRUCK IT BIG ON THE BACK OF ITS TAX AND REGULATORY ADVISORY SERVICES, ASSISTING SOME OF THE MARQUEE DEALS OF INDIA INC.

time-read
7 mins  |
February 02, 2025
TIME FOR A TAX BREAK?
Business Today India

TIME FOR A TAX BREAK?

INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?

time-read
6 mins  |
February 02, 2025