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GJEPC wants domestic insurers to chip into bullion cover

Last Updated: Saturday, June 28, 2014, 23:59

The apex industry body Gems & Jewellery Export Promotion Council (GJEPC) Saturday demanded alternate channels of insurance coverage for the sector as the Export Credit Guarantee Corporation is under-capitalised currently to cover the rising bullion trade.

Exporters split on RBI move to curb export credit refinance

Last Updated: Tuesday, June 03, 2014, 17:29

Exporters are divided over the impact of the Reserve Bank's move to reduce availability of funds under the export credit refinance (ECR) window.

RBI curbs export credit refinance; exporters say has no impact

Last Updated: Tuesday, June 03, 2014, 14:21

To compensate for the reduction in liquidity under the scheme, the central bank introduced a special term repo facility of 0.25 percent of net demand and time liabilities (NDTL).

ECGC net up 48% at Rs 361 cr in FY14

Last Updated: Monday, May 19, 2014, 19:16

The Export Credit Guarantee Corporation of India (ECGC) on Monday reported a 48 per cent rise in net income at Rs 360.7 crore for the fiscal ending March, driven by rupee fall and business growth.

RIL raises $550 million from Japanese banks

Last Updated: Wednesday, April 23, 2014, 13:42

Reliance Industries Ltd (RIL) on Wednesday said it has raised USD 550 million loan for part-funding expansion of its petrochemical plant and new gasification unit from Japanese banks.

RBI asks banks to regularly review export credit limit

Last Updated: Wednesday, September 25, 2013, 18:16

Reserve Bank Wednesday asked banks to review the export credit limit on a regular basis to help insulate exporters from rupee fluctuations.

India's market diversification strategy showing results: Sharma

Last Updated: Thursday, September 19, 2013, 21:13

India's market diversification strategy of reaching out to newer vistas in Asia, Africa and Latin America is beginning to show positive results, Commerce and Industry Minister Anand Sharma has said.

Commerce Ministry wants exports included in priority lending

Last Updated: Thursday, August 29, 2013, 15:24

The Commerce Ministry has asked the Finance Ministry to include export credit in priority sector lending of all banks to boost overseas sales.

RBI announces swap facility for expansion of export credit

Last Updated: Monday, January 14, 2013, 22:40

With an aim to help the country's exporters get better credit, the RBI Monday announced a special scheme to allow banks refinance their export credit positions through a dollar-rupee swap facility of up to USD 6.5 billion.

Weak rupee to boost export, import substitution: Credit Suisse

Last Updated: Monday, August 13, 2012, 20:43

Fall in rupee is likely to bring opportunities for the domestic economy by boosting exports and substitution of import in the near future, a Credit Suisse report said.

Export credit enhancement unlikely to ease liquidity: Experts

Last Updated: Monday, June 18, 2012, 21:02

Contrary to the Reserve Bank's claim that increasing the export credit refinance (ECR) limit to 50 percent from 15 percent will infuse more funds into the system to the tune of over Rs 30,000 crore, experts believe that the move will have little impact on the liquidity scenario.

RBI eases norms for export credit flow; says weak Rupee to help

Last Updated: Monday, June 18, 2012, 12:27

While relaxing norms to enhance credit flow to exporters, the Reserve Bank Monday said the sliding rupee will benefit exports that have been hit by demand slowdown in developed nations.