Finance Ministry: MOT engages NCAER to conduct study on tourism industry losses & recovery policies

Anurag Singh Thakur, Minister of State, Ministry of Finance, in a written reply to Lok Sabha has said, “The closure of travel and tourism industry due to Covid-19 had a cascading effect on the livelihood of people dependent on tourism. Ministry of Tourism has engaged NCAER to conduct a study on ‘India and Coronavirus pandemic: Economic losses for household engaged in tourism and policies for recovery’.” he also stated that considering the challenges faced by tax-payers due to outbreak of covid-19, the government has taken several taxation measures to improve the liquidity in different sectors including tourism and hospitality.