Friday, Apr 19 2024 | Time 22:24 Hrs(IST)
image
Business EconomyPosted at: Jul 6 2015 8:51PM


FIEO seeks Govt support for agri exports

New Delhi, Jul 6 (UNI) The government has assured exporters of looking into their demand for support to the agri exports which are witnessing rough global weather. The assurance was given to a delegation of the Federation of Indian Export Organisations (FIEO) by Finance Minister Arun Jaitley here. “ For agriculture exports, the Finance Minister agreed to look into the issue of providing support in respect of commodities in which MSP (Maximum Support Price) is much above the international prices so as to provide an avenue for their exports,” according to a FIEO release issued today. The FIEO delegation appraised Mr Jaitley of the tough global scenario and domestic constraints responsible for decline in exports. Excluding petroleum exports, the overall consignments exhibited a decline of 8.9 per cent in the first two months of the current fiscal while non-oil imports showed a growth of 4.3 per cent. The order booking position of the Indian companies is not encouraging which reflect the challenges to be faced by the export sector in the following months and its impact on the employment in the sector. In his presentation, FIEO President S C Ralhan sought government support for the MSME sector through extension of Technology Up-gradation Fund. The threshold limit of Credit Linked Capital Subsidy Scheme (CLCSS) may be increased from Rs.1 crore to Rs.5 crore consequent on proposed increase in threshold limit for small and medium companies. UNI PC ABI SB 2051
Please log in to get detailed story.
Tags: #FIEO seeks Govt support for agri exports
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image