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Showing posts from March, 2021

UNWTO calls Year 2020 worst year on record

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  The UNWTO report noted that the COVID-19 crisis has put almost 100-120 million direct tourism jobs at risk, many of them in small and medium-sized enterprises.  The UN World Tourism Organization recently confirmed the Year 2020 as the  'worst year on record',  after global tourism suffered massively due to international travel bans implemented to contain the COVID-19 outbreak.  The international arrivals dropped by 74 percent and destinations across the world welcomed 1 billion fewer international arrivals than 2019 due to widespread travel restrictions and unprecedented fall in demand. As per the latest report by the UN World Tourism Organization, the collapse in international travel has represented an estimated loss of USD 1.3 trillion in export revenues, which is more than 11 times the loss recorded during the 2009 global economic crisis. UNWTO Report: Key Highlights  • The UNWTO report noted that the COVID-19 crisis has put almost 100-120 million direct tourism jobs at ri

Nepal government awards hydropower project to India's Satluj Jal Vidyut Nigam

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  Meeting chaired by the Prime Minister of Nepal KP Oli decided to go for the developer company based on an assessment of the listed companies that were selected through an international bidding process. The government of Nepal announced that it has granted the contract for the construction of the lower Arun Hydro Project of 679 MW to Satluj Jal Vidyut Nigam- SJVN of India. As per the Investment Board of Nepal release, a meeting of IBN on January 29, 2021, made the decision of awarding the contract to an Indian company under the BOOT model- Build, Own, Operate, and Transfer. The release added that the meeting which was chaired by the Prime Minister of Nepal KP Oli decided to go for the developer company based on an assessment of the listed companies that were selected through an international bidding process. Key Highlights: •  India had put forward the proposal of building lower Arun as per all the conditions set in Arun III. •  According to the Arun III agreement, apart from the shar

UNSC to discuss political situation in Myanmar on urgent basis

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  The United Kingdom which took over the presidency of the UNSC informed that it plans to discuss the political crisis in Myanmar on an urgent basis. The United Nations Security Council will hold a meeting on February 2, 2021, to discuss the latest developments and potential responses from the international entities to the military coup in Myanmar. The United Kingdom which took over the presidency of the UNSC informed that it plans to discuss the political crisis in Myanmar on an urgent basis. Barbara Woodward, Britain’s UN Ambassador mentioned that the council members have been informed that the UK will bring forward the plans for the Security Council meeting on the Myanmar crisis. On February 1, Myanmar Military had declared a state of emergency for one year, following the coup. It detained President U Win Myint, State Counsellor Aung San Suu Kyi, and other senior officials. Global leaders condemn the military coup in Myanmar: The global leaders, following the coup in Myanmar, had gi

Aatmanirbharta named Oxford Hindi Word of the Year 2020

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  Aatmanirbharta has been named Oxford Hindi word of 2020 after PM Modi's clarion call to make India self-reliant as a country, economy and as individuals to battle against the unprecedented coronavirus crisis. Aatmanirbharta  has been named by  Oxford  Languages as its  Hindi   word   of  the  year  2020  . The word was chosen by an advisory panel of language experts comprising Imogen Foxell, Poonam Nigam Sahay and Kritika Agrawal. The Oxford Hindi word of the year is a word or expression that is chosen to reflect the ethos, mood, or preoccupations of the passing year, which have lasting potential as a term of cultural significance. 'Aatmanirbharta', which means  self-reliance,  came into the limelight when Indian Prime Minister Narendra Modi pledged to make India an Atmanirbhar Bharat or a self-reliant India last year.  Why was 'Aatmanirbharta' chosen as Hindi Word of the Year? • The Oxford Languages said in a statement that in the early months of the pandemic whe