you are here: HomeNewsIndia

IATO urges tourism minister to provide financial stimulus for sector

IATO has also asked for special collateral free and interest free long-term loans (5-10 years) to be provided to the tour operators for revival of business and aggressive marketing, the statement said.

May 27, 2020 / 09:29 PM IST

Indian Association of Tour Operators (IATO) on Wednesday said its representatives met Union Tourism Minister Prahlad Singh Patel to apprise him of the acute distress faced by the industry.

The delegation urged the minister for financial support to tour operators so that they are not forced to close down their business, IATO said in a statement.

The tour operators are not in a position to pay salaries to their staff since there is no business and they are under acute financial stress, it added.

Coronavirus India News LIVE Updates

IATO has also asked for special collateral free and interest free long-term loans (5-10 years) to be provided to the tour operators for revival of business and aggressive marketing, the statement said.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

The association also urged the minister to support tour operators on their request made to the Commerce Ministry regarding enhancing the Service Export India Scheme (SEIS) to 10 percent from present 7 percent for 2019-20, it added.

"We still have hope and believe that the government will come out with some measures which will help alleviate our sector's pain," IATO President Pronab Sarkar said.

Follow our full coverage of the coronavirus pandemic here.
PTI

stay updated

Get Daily News on your Browser
Sections