Search result for 'ecgc'

India's Commerce Ministry seeks feedback from export promotion councils on proposed schemes under the Export Promotion Mission announced in the Union Budget.

Uttar Pradesh aims to triple its exports to Rs 5 lakh crore in the next five years through a new policy, focusing on capital subsidies, export infrastructure, and digital information hubs.

India's Finance Ministry plans to introduce the Insurance Amendment Bill in Parliament's monsoon session, allowing 100% FDI in the insurance sector. This move aims to boost insurance penetration...

Non-tariff measures, such as carbon taxes and deforestation regulations, are limiting market access for Indian exports, says DGFT. Other challenges include insufficient global value chain...

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, including 100% FDI and other changes.

India's Finance Minister announced an increase in the foreign direct investment (FDI) limit for the insurance sector to 100%, aiming to attract more global players and boost job creation.

India's Commerce Minister Piyush Goyal reveals a new export strategy aiming for $2 trillion in goods and services by 2030. He addresses concerns about declining export credit and dumping, promising...

CII's Sanjay Budhia highlights high interest rates and declining export finance as major challenges for Indian exporters, impacting their competitiveness. He urges government intervention and bank...

India's WT-ECIB scheme aims to support small exporters by providing export credit working capital limits up to Rs 80 crore, benefitting an estimated 1,000 new businesses.

The Insurance Amendment Bill, proposing 100% FDI, may not be introduced in the winter session due to required finetuning. It may be presented in the Budget session instead. The bill aims to...

Commerce Minister Piyush Goyal urges industry to share specific issues MSMEs face in accessing bank credit and suggests exploring alternate financing models.

India's finance ministry proposes to raise FDI limit in insurance to 100%, aiming to boost the sector's growth and expand insurance penetration.

India's Commerce Minister Piyush Goyal targets USD 825 billion in exports this fiscal, despite global challenges. He also outlines plans to attract foreign investments through single-window...

India extends export incentives to e-commerce shipments via courier and postal routes. This move aims to boost e-commerce exports, which are expected to reach USD 200-300 billion by 2030.

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

India's government is set to introduce an amendment bill to the Insurance Act, 1938, with provisions like composite licenses and eased capital norms, aiming to increase insurance penetration and...

India's exports grew 3.12% in January despite the Red Sea crisis, while the trade deficit narrowed to a nine-month low. Crude oil imports rose 4.33%, gold imports surged 174%.

Indian exporters are facing challenges due to the Red Sea crisis, leading to increased freight costs and potential trade disruptions. The commerce ministry is working to address these issues.

India's government has directed ECGC to maintain a moratorium on insurance rates for Indian exporters, ensuring continued support amid the Red Sea crisis.

A high-level panel will meet on February 8 to discuss trade disruptions caused by the Red Sea crisis, with officials from key ministries participating. The crisis has led to increased shipping...

India's Commerce Ministry has asked the Department of Financial Services to monitor credit flow to exporters facing freight cost troubles due to the Red Sea crisis. The situation has escalated due...

Indian exporters face delays and higher costs due to the Red Sea crisis, impacting shipping routes and freight rates. The government is providing support to exporters.

India's exports rose 1% to USD 38.45 billion in December, while the trade deficit narrowed to USD 19.8 billion, driven by declining imports. However, challenges remain due to global slowdown...

India's commerce ministry will meet on January 17 to discuss trade disruption caused by the Red Sea crisis, impacting routes and raising costs for exporters.

India's Commerce Minister Piyush Goyal announced plans to expand ECGC cover for gem & jewellery exporters, aiming to boost the sector and position India as a global leader. The government is also...