export sector

Budget may contain some relief for exporters

Finance Minister Pranab Mukherjee is likely to accept exporters demand, like extension of concessional credit scheme, when he presents the General Budget in Parliament tomorrow. While exports are showing healthy growth rate of over 29 per cent, exporters are hoping that Mukherjee would not roll back the stimulus as demand in the western markets are still [...]
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Govt. will assess the need for extending further stimulus for the exporting community

The commerce and industry ministry will review the growth of the country's export sector by the middle of this month to assess the need for extending further stimulus for the exporting community, particularly, the labour-intensive sectors. The country's exports have been declining ever since the fall of Lehman Brothers and the onset of the global economic downturn in September last year.
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RBI extended interest subvention of 2% on rupee export credit for a further period of six months

Rupee Export Credit Interest Rates RBI/2009-10/ 157 , Ref.: UBD.CO.BPD.Cir. No. 1/13.05.000/ 2009-10 Dated:-September 16, 2009 Rupee Export Credit Interest Rates Please refer to our circular UBD.PCB.Cir. No. 3/13.05.000/ 2008-09 dated June 18, 2009 on the captioned subject regarding extension of interest subvention of 2 percentage points w.e.f. June 1, 2009 till September 30, 2009 on [...]
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