City
Epaper

Specialised groups to address exporters' banking challenges: Minister

By IANS | Published: November 27, 2021 2:57 PM

New Delhi, Nov 27 Centre's specialised groups will address banking challenges faced by exporters, said Union Minister of ...

Open in App

New Delhi, Nov 27 Centre's specialised groups will address banking challenges faced by exporters, said Union Minister of State for Finance, Dr Bhagwat Kishanrao Karad.

Speaking at the 'Banking Conclave on Exports' organised by FIEO in Mumbai on Friday, the minister announced formation of various groups to address the problems raised by exporters and other stakeholders consisting of FIEO, leading banks, IBA, Ministry of Commerce and Ministry of Finance including one on challenges of e-commerce retail exports.

He highlighted the importance of banking sector in promoting and facilitating exports.

He informed that several reforms related to the banking sector have taken place in the recent past, and all the banks have implemented it in a successful manner.

Besides, he said that the Centre is keen on extending the due support to the trade, and therefore the decision on the extension of Emergency Credit Line Guarantee Scheme (ECLGS) was taken "well in time".

Furthermore, he assured the government is open for discussions and meetings to understand the challenges faced by the exporters, so as to strengthen and support the export trade.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: FieoIBA
Open in App

Related Stories

NationalTimes ahead are tough and challenging, exporters should show their capabilities: Piyush Goyal

NationalWe will be able to achieve USD 900 billion exports: FIEO

Other SportsWomen's World Boxing Championships: Nikhat crowned world champion for second straight year

Other Sports"This medal is for my country India," says Nikhat Zareen after retaining World Boxing Championship title

AurangabadNath Industries bags 'Export Excellence Award'

International Realted Stories

International"Occupier feeds on lies and fear...": Ukraine President Zelenskyy warns countrymen amid raging Russian offensive

InternationalPakistan: Bilawal calls for 'dialogue' among politicians to drive country out of crisis

InternationalTaiwan: President-elect Lai may express 'goodwill' towards China in inaugural address

InternationalPalestinian death toll in Gaza tops 35,000: Health authorities

InternationalOver 4,000 people evacuated in Ukraine's Kharkiv region