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Finance Minister Nirmala Sitharaman Announces Steps To Promote Exports
Government announces new scheme to incentivise exporters It intends to triple India's annual exports to $1 trillion in 5 years Steps include improved insurance cover to banks lending to exporters
14 Sep 2019, 03:41 PM IST 
Nirmala Sitharaman said the government will offer a higher insurance cover to banks lending for exports
Saturday's announcements form a third set of measures by the government in a span of three weeks to revive the economy. Since August 23, the government has announced a withdrawal of higher taxes on foreign investors - as announced in the Budget - and a mega merger plan for 10 state-run banks.
"Each time we are making a clear attempt to also connect with the previous announcements," the Finance Minister said, as she explained the m...
