The Export Credit Guarantee Corporation (ECGC) plans to support exports worth_______ in FY24 from around ₹6.7 lakh crore at present and the change will come into effect from July 1, 2023.
The Export Credit Guarantee Corporation (ECGC) plans to support exports worth ₹10 lakh crore in FY24 from around ₹6.7 lakh crore at present. It has also increased the insurance cover for exporters with a credit limit of up to ₹50 crore to 90% and extended its cover to nine more banks. The change comes into effect on July 1, 2023. The benefit of the enhanced cover will be extended to the accounts with limits up to ₹50 crore for these four banks without extra cost. For nine banks where six-year claim to premium ratio is less than 70%, cover for accounts with export credit working capital limits up to Rs 20 crore, will be offered enhanced cover of 90% without any additional cost provided the banks are extending the export credit at an interest rate corresponding to the accounts rated ‘AA’ (or with equivalent rating).
A storm in a teacup
The team leader advised his team members to play it by ear as there was a lot of uncertainty regarding the authenticity of the rumours doing r...
Angry residents are up in arms over a proposal to site a giant mobile phone mast near their homes.
See eye to eye
Given below are the sentences with Idioms and Phrases highlighted in bold. You are required to choose the most correct meaning of the phrase from the g...
Which of the following statements correctly use the idiom ' pour oil on troubled waters' by substituting the highlighted words?
A. If you unnece...
Hear it on the grapevine
At Your Wits’ End
Which word or words explain the meaning of the following idioms;
At one’s wit’s ends
I love going after things that make me happy and leave me feeling fulfilled.