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).
Who chaired the Drafting Committee of the Constituent Assembly tasked with drafting the Constitution of India?
Which article of the Indian Constitution deals with the power of the President in the context of preventive detention?
It was an erstwhile princely state ruled by Chogyal dynasty. It became a ‘protectorate’ of India in 1947 after the lapse of British paramountcy. It ...
Which type of city administration controls transitional areas (from rural to urban)
Identify the leader of the Cabinet Mission sent to India in 1946 to discuss the terms of independence.
What did Clement Attlee's announcement in the British Parliament proclaim?
Who appoints the Chief Justice of India.
Members of Election Commission are appointed by?
Which Indian State remained an Associate State for a short period before it was recognised as a full-fledged State of the Union?
Which of the following committee suggested to incorporate fundamental duties in the constitution?
