Scindia wants stimulus to continue for now

Exporters need more time to recover completely, says the minister

PTI | February 10, 2010



The commerce ministry wants the stimulus packages for exporters to continue for some more time till the sector recovers completely.

"We have urged the finance ministry that incentive schemes relating to commerce and industry be carried on for a slightly longer period," MoS for Commerce and Industry Jyotiraditya Scindia said on the sidelines of a seminar here on Tuesday.

Asked how long he would like the stimulus package to be extended to exporters, Scindia said, "we haven?t defined that as yet, but we have said it needs to be in place. I would like to see the stimulus packages in place until there is complete recovery.

"Specifically, we have looked at three-four areas in terms of getting cheaper dollar credit for exporters like 1 per cent above Libor against the present 3-4 per cent, extending the export-oriented units' benefits and interest subvention.

Comments

 

Other News

V. M. Tarkunde: A legal luminary par excellence

14 Lawyers: Portraits from The Bar By Raju Ramachandran  Juggernaut, 248 pages, Rs. 799  

The Cost of Obesity

The latest episode of Checks and Balances focuses on the ticking time bomb of obesity in India, and Geetanjali Minhas of Governance Now spoke with a panel of experts. You can watch the episode here: https://youtu.be/mH

US-Iran deal: Path to peace or prelude to deeper regional quagmire?

In the midst of deep mistrust, the US and Iran are reported to have reached a framework deal for ending the West Asian conflict. But whether it will result in any meaningful breakthrough or pave the way for any lasting peace in the region, is in the realm of speculation.   During

Lived life, philosophy, spirituality and other enigmas

The Ashes Are Warm: Memories of a Lifetime Spent with UG Krishnamurti By Mahesh Bhatt and Sunita Pant Bansal Rupa Publications, 384 pages, Rs 495  

In Varanasi, fringe expansion vs. core heritage

For centuries, the urban framework of Varanasi was defined not just by its relationship with the sacred Ganga but by its multifaceted network of urban commons. Historic kunds, seasonal talabs (ponds), and open maidans served as the city’s basic ecological infrastructure. Th

What ails India`s skill development ecosystem

India’s skill development programmes were designed with a goal to make the young population ready with market-required skills and competencies, and to provide them with better employment opportunities. Yet the outcomes have fallen short of that goal: though over 1.6 crore individuals were trained acr





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter