A- A A+
Last Updated : Sep 21 2019 11:09AM     Screen Reader Access
News Highlights
PM Narendra Modi on his way to US to attend UN General Assembly            India, Mongolia sign MoUs in areas including space, disaster management & culture            Industry, Trade welcome govt decision to cut corporate tax rate saying it will boost economy            GST Council rates cut in several items including hotel tariffs            12 people killed in bomb explosion near holy city of Karbala in Iraq           

Business News

Jun 07, 2019

Country should move away from subsidies to easy availability of cheaper credit to exporters, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal has said, timely and efficient availability of export credit is critical for any trade activity and is one of the key drivers that boost the growth of export. He said, the time has come when we should move away from subsidies to easy availability of cheaper credit to exporters.

Mr Goyal said this at a meeting in New Delhi today on issues related to export credit with representatives of exporters organisations.

He said, the share of export credit has come down in the last few years and this is a cause of concern especially for the MSME sector that suffers due to the demand of collateral from lending institutions.

The Minister said, transparency will ensure that the genuine competitive advantages of India’s exports may be harnessed.

He hoped that outcomes of today’s meeting with all stakeholders will not only provide a vision for the export sector but will also give a road map for implementation and action by Government departments and financial institutions.

He hoped that the result of this meeting will lead to export credit tripling in the next five years and allow India to be on par with the rest of the world where credit is cheaper and interest rates are lower.

Live Twitter Feed

Listen News

Morning News 21 (Sep) Midday News 20 (Sep) News at Nine 20 (Sep) Hourly 21 (Sep) (1005hrs)
समाचार प्रभात 21 (Sep) दोपहर समाचार 20 (Sep) समाचार संध्या 20 (Sep) प्रति घंटा समाचार 21 (Sep) (1100hrs)
Khabarnama (Mor) 21 (Sep) Khabrein(Day) 20 (Sep) Khabrein(Eve) 20 (Sep)
Aaj Savere 21 (Sep) Parikrama 20 (Sep)

Listen Programs

Market Mantra 20 (Sep) Samayki 20 (Sep) Sports Scan 20 (Sep) Spotlight/News Analysis 20 (Sep) Samachar Darshan 20 (Sep) Radio Newsreel 19 (Sep)
    Public Speak

    Country wide 19 (Sep) Surkhiyon Mein 19 (Sep) Charcha Ka Vishai Ha 18 (Sep) Vaad-Samvaad 3 (Sep) Money Talk 3 (Sep) Current Affairs 20 (Sep)