Int’l students will be able to return to Canberra in 2022

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Canberra, Oct 22 | Andrew Barr, Chief Minister of the Australian Capital Territory (ACT), announced on Friday that international students who have been fully vaccinated against Covid-19 will be able to return to Canberra for the start of the 2022 academic year.

Under the plan, students who have been inoculated with a vaccine recognised by the Therapeutic Goods Administration (TGA) will not have to quarantine on arrival in the ACT but will be subject to federal testing requirements, reports Xinhua news agency.

“Higher education institutions provide a considerable social and economic contribution to Canberra. The return of international students will be very welcome news for our city,” Barr said in a statement.

The international education industry, which was worth an estimated A$1 billion per year to the ACT economy prior to the pandemic, has been crippled by Australia’s strict border restrictions.

According to peak body Universities Australia, universities lost 1.8 billion Australian dollars in revenue and cut 17,300 jobs in 2020.

Paddy Nixon, vice-chancellor of the University of Canberra, said the return of international students would have major benefits for the city.

“Our international students become nurses in Canberra hospitals and the allied health professionals that will be supporting Canberrans in their everyday lives,” he said.

“As our economy starts to rebound, we will need the talents, our international students bring, and we all benefit from the vibrancy they bring to our campus and our city.”

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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