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Covid impact of tourism: 14 5 million jobs lost in 2020 s Q1 alone | India News

NEW DELHI: A study on the impact of coronavirus on tourism conducted by the National Council of Applied Economic Research has reported that the pandemic caused “significant” jobs losses in the tourism sector after the lockdown was implemented. On opening day of Parliament, the tourism ministry referenced the NCAER report in response to a question raised by Lok Sabha MPs Ramesh Kaushik and Raju Bista in which it said 14.5 million jobs were lost during the first quarter, followed by 5.2 million jobs during the second quarter and another 1.8 million jobs during the third quarter of 20-21, after the lockdown was imposed.

Covid impact of tourism: 14 5 million jobs lost in 2020 s Q1 alone

Covid impact of tourism: 14.5 million jobs lost in 2020’s Q1 alone Top Searches Covid impact of tourism: 14.5 million jobs lost in 2020’s Q1 alone Swati Mathur / TNN / Updated: Jul 20, 2021, 11:01 IST FacebookTwitterLinkedinEMail NEW DELHI: A study on the impact of coronavirus on tourism conducted by the National Council of Applied Economic Research has reported that the pandemic caused “significant” jobs losses in the tourism sector after the lockdown was implemented. On opening day of Parliament, the tourism ministry referenced the NCAER report in response to a question raised by Lok Sabha MPs Ramesh Kaushik and Raju Bista in which it said 14.5 million jobs were lost during the first quarter, followed by 5.2 million jobs during the second quarter and another 1.8 million jobs during the third quarter of 20-21, after the lockdown was imposed.

No FTA with nations you have armed conflict with: Fin secy on RCEP decision

India did not join the Regional Comprehensive Economic Partnership (RCEP) due to strategic considerations, said Finance Secretary TV Somanathan, pointing at the border stand-off with China, a key member of the trading bloc. Besides, some free trade pacts India has signed have had large trade diversions and little benefit as partner countries resorted to non-tariff barriers, he said “I am not aware of too many countries which have signed FTAs with countries with whom they have live armed conflicts, the finance secretary said. India decided against joining RCEP in 2019, which includes China and the Association of Southeast Asian Nations (Asean). He was speaking at a panel discussion organised by economic think-tank National Council of Applied Economic Research (NCAER) in his personal capacity.

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