The declining bank credit to exporters will hurt the sector, and traders will flag the issue prominently during their meeting with Commerce and Industry Minister Piyush Goyal on September 11, an industry official said on Sunday.
While exports grew by 15 per cent in the rupee terms between 2021-22 and 202324, the outstanding credit in March 2024 dropped by 5 per cent over the same month in 2022, according to exporters.
Apex exporters body Federation of Indian Export Organisation (FIEO) said the export credit growth is not keeping pace with rising exports of the country. "We have seen a decline in export credit between March 2022 and March 2024 despite the need for more credit for longer duration due to hike in prices of commodities, sharp spurt in freight (both sea and air) and the Red Sea crisis, leading to longer voyage time and delayed payment," FIEO Director General Ajay Sahai said.
هذه القصة مأخوذة من طبعة September 09, 2024 من Millennium Post Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 09, 2024 من Millennium Post Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MADHYA PRADESH TRANSFORMATIVE INTERLINKAGES
Under the inspiring leadership of Prime Minister Narendra Modi and Chief Minister of Madhya Pradesh Dr. Mohan Yadav, the launch of Ken-Betwa and Modified Parvati-Kalisindh-Chambal river-linking projects fulfills former PM Atal Bihari Vajpayee's grand vision of transforming drought-prone regions with sustainable irrigation and drinking water facilities, alongside heralding economic growth for Bundelkhand, Malwa, and Chambal, among others
'ACTING IS LIKE PLAYING A SPORT'
Shweta Tripathi Sharma counts Ali Fazal, Vicky Kaushal and Vijay Varma among her favourite co-stars
Checkmate!
I was going to press it for as long as I could possibly press, but I thought, 'It's OK. We are going to play for five, six hours. It's going to end in a draw, and let's focus on the tiebreaks.' But then suddenly after Rf2, I saw [the game] was actually done. I was already preparing myself to go through that huge tiebreak fight and suddenly it was all over and I had achieved my dream. I'm not someone who shows a lot of emotions, but I think this one can be forgiven.\"
Fragile frontiers
India's flawed foreign policies and China's strategic influence have shifted regional dynamics in South Asia, resulting in amplification of security challenges, insurgencies, and geopolitical vulnerabilities, particularly in the Northeast and along the borders of certain neighbouring countries
SURVIVAL BEYOND FRACTURED FENCES
Bhaskar Roy's lyrical prose in the novel 'Border Crossers' evocatively explores the questions of identity, resilience, and socio-political strife through the intertwined lives of diplomat Arijit Basu, his fiancée Nandita Kapoor, and an undocumented Bangladeshi migrant navigating the fraught India-Bangladesh borderlands
Man City's free-fall goes on; goals galore for Bayern Munich
Goals from Jhon Duran and Morgan Rogers at Villa Park consigned the four-time defending champion to a ninth defeat in 12 games in a season that is unravelling.
ISL: Fab four for EB, Mumbai climb to 4th
Nikolaos Karelis' early strike earned Mumbai City FC a 1-0 victory over Chennaiyin FC in the Indian Super League here on Saturday before East Bengal FC triumphed over Jamshedpur FC 1-0 in Kolkata for their fourth win in last five games.
Out of Order at the Top
Jadeja urges top-order to fire in Boxing Day Test against Australia
After T20 breeze vs Windies, India turn focus to ODIs
MUZUMDAR SAYS HARMANPREET WILL BE FINE FOR THE SERIES
France's court convicts 8 people of involvement
TEACHER'S BEHEADING
