Informal sector predominates travel and tourism industry. Globally, as in India, about 80 per cent of the industry is composed of small and medium enterprises.
The year 2020 could be a complete washout for the travel and tourism industry in India if we don’t take immediate steps – not just to contain virus but also its impact on livelihoods.
Tourism dept told to come up with only projects with ‘visible impact’, which ‘could be put to public use’, and on which ‘return on investment’ is obtained.
Prime Minister Narendra Modi’s visit to the Sultanate of Oman this month offers a good opportunity to look at India-Oman relations in a long historical perspective.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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