Panaji, Feb 27 (PTI): The sale of idli-sambar in beach shacks is causing a “decline” in international tourist footfall in Goa, claimed BJP MLA Michael Lobo on Thursday.

Addressing a press conference at Calangute in North Goa, Lobo said the government alone cannot be blamed if fewer foreigners visit the coastal state as all stakeholders are equally responsible.

Lobo rued that Goans have rented their beach shacks to businessmen from other places.

“Some people from Bengaluru are serving ‘vada pav’ in the shacks, some are selling idli-sambar. (That's why) International tourism has been declining in the state for the past two years," he said.

The legislator, however, did not elaborate on how the popular South Indian breakfast dish is affecting tourism in his state.

“There is a hue and cry because of the drop in tourist numbers. In the coastal belt, be it North or South, there has been a sharp fall in the arrival of foreign visitors. A lot of factors are responsible for this,” Lobo said.

Everyone, as stakeholders, should bear the responsibility for it, he said.

Lobo said some foreigners visit Goa every year, but younger tourists from abroad are going away from the state.

“The tourism department and other stakeholders should hold a joint meeting and study the reasons why foreign tourists are not ready to come to Goa,” he said.

Lobo said because of the war, Russian and Ukrainian tourists have stopped coming to Goa. “The tourists from former USSR countries have stopped visiting Goa,” he said.

The MLA said the state should sort out the crucial issues concerning tourism, including differences between the cab aggregators and local tourist taxi operators.

“If we don’t put a system in place, we will see dark days in the tourism sector,” he cautioned.

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Mumbai (PTI): The rupee depreciated 28 paise to 94.77 against the US dollar in early trade on Thursday as market sentiment took a dramatic turn after reports emerged that the US and Iran are discussing a 14-point Memorandum of Understanding (MOU) aimed at reducing tensions and reopening negotiations.

Forex traders said Brent oil prices, which had fallen to USD 98 on the US-Iran peace deal, edged slightly higher to USD 101 per barrel after investors weighed the prospects for a Middle East peace deal.

Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties further dented investor sentiment.

At the interbank foreign exchange market, the rupee opened at 94.77 against the US dollar, registering a fall of 28 paise over its previous close.

On Wednesday, the rupee appreciated 69 paise to close at 94.49 against the US dollar.

"Markets are currently focused on the critical 48-hour window during which the US expects Tehran’s formal response through Pakistani mediators," said CR Forex Advisors MD Amit Pabari.

US President Donald Trump on Wednesday threatened Iran with more bombing if it doesn't reopen the Strait of Hormuz, amid a report that the warring sides were nearing an agreement to end the war.

US media outlet Axios reported, quoting US officials and two other sources, that the US and Iran were getting close to a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations.

The US expects Iranian responses on several key points over the next 48 hours, Axios reported, adding that nothing has been agreed yet. This was the closest the parties had been to an agreement since the war began.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.01, down 0.01 per cent.

Brent crude, the global oil benchmark, was trading higher by 0.65 per cent at USD 101.83 per barrel in futures trade.

On the domestic equity market front, the 30-share benchmark index Sensex declined 160.24 points to 77,798.28 in early trade, while the Nifty was down 30.25 points to 24,300.70.

Foreign Institutional Investors offloaded equities worth Rs 5,834.90 crore on Wednesday, according to exchange data.

On the domestic macroeconomic front, the country's goods and services exports rose 4.6 per cent to an all-time high of USD 863.11 billion during 2025-26, up from USD 825.26 billion in 2024-25, despite global economic uncertainties, according to revised commerce ministry data.

Merchandise exports grew 0.93 per cent to USD 441.78 billion in the last fiscal year from USD 437.70 billion in 2024-25, the data showed.