Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 26, Thursday 2018 5:13 PM       

       HEADLINES: Artiste collapses, dies during Thrissur pooram                                              DNA test result confirms body to be of Liga                                              Lapse in cadre system, there exists factionalism: CPI organisational report                                              Liga’s death: Yoga teacher being questioned                                              Keerthana’s death under suspicion: Police to find Sowmya’s husband                                              Indu Malhotra to be SC judge, KM Joseph's elevation to be held back                                              13 kids killed as train hits school van in UP                                              PM Modi to leave for China Thursday                                              Macron slams Trump's import tariffs                                              Ex-US president George H W Bush recovering                                              No specific agendas for upcoming Indo-China 'informal' summit                                              Kohli recommended for Khel Ratna Award                                              BCB's new stadium may give competition to Eden Gardens                                              Kaumudi Facebook
       BUSINESS Next Article: ED arrests former Andhra Bank director  
       Commerce Secretary urges policy framework to address export financing woes
 
         Posted on :13:19:38 Jan 13, 2018
   
A A
       Last edited on:13:19:38 Jan 13, 2018
         Tags: Commerce Secretary urges policy framework to
 
New Delhi: In lieu of the inefficiency of India's current institutional framework in recognising risks of overseas markets, Commerce Secretary Rita A. Teaotia highlighted a "pressing need" to devise policy framework needed to address issues of finance to exports.
 
"We need to actually gear up not just the regulatory frameworks to address the precise needs of export finance and institutions serving export markets but also look at the costs of being able to serve smaller organisations using technology, using better tools in order to bring down the costs of actually extending credit to MSME sector," she said while inaugurating an ASSOCHAM conference on 'Role of trade finance for inclusive growth,' in Mumbai.
 
Taking cognisance of the challenges for the SME sector, particularly exporters, Rita said the availability of finance and export finance is constrained and hampers the competitiveness of India's exports. Unless this challenge is addressed, Rita opined that India will not gain global significance.
 
Lamenting that India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation (WTO), she said "Why have we done this? It is relevant to us. These are important issues, we recognise, e-commerce is something we want to profit by, we want our companies to grow, we want our sellers to sell on e-commerce, we are an SME dominated country, we want those companies to prosper."
 
She also stressed the need to gear up the banking policy and financial institutions to serve the needs of smaller manufacturers, service sector companies and exporters.
 
"There has been a lot of thinking about this, but really gearing up the institutional framework for that and actually having some kind of assessment of how we are moving forward and ensuring that we are moving in the right directions perhaps that pace we need to put in place," said the Commerce Secretary.
 
Rita further said India must look at sectors where it has the potential to be a champion, adding that focus in terms of policy, initiative and effort is on actually improving the competitiveness of Indian products and Indian industry. 
A A
       BUSINESS
Next Article: ED arrests former Andhra Bank director
 
 
BUSINESS HEADLINES
Cabinet approves MSP hike for raw jute  
Kazakhstan introduces 72-hour free transit visa for Indian citizens  
Maharana of Udaipur witnesses "Treasure from the Al Thani Collections" at Beijing  
CBDT notifies introduction of section 112A in the Act  
'Diesel price hike affecting garment industries'  
Sensex gains for 2nd day, Nifty tops 10,600-level  
E-way bill rollout on Wednesday in four states: Centre  
Nifty ends above 10,550, up 20.65 points  
Millennials switching jobs fast, techies lead the way: Study  
Deposits in Jan Dhan accounts cross Rs. 80,000 crore  
Is cash crunch affecting printing machinery biz?  
Recruitment growth eases to 3% in March '18  
India's role to expand in Indo-Pacific region: IMF  
Forex reserves at life-time high of $426.082 bn  
Sensex ends flat; tech stocks surge  
Passengers could be compensated up to Rs. 20,000 for flight delays, cancellations: draft rules  
Rlys' operating ratio could be its worst ever in FY 18  
Chai villa: Engineering couple who gave up cushy jobs to sell tea  
Sensex spurts 96 pts in see-saw trade; metals shine  
Cash crunch: Now bank unions threaten agitation  
Sensex rises over 100 pts, Nifty above 10,500  
Reports of cash shortage defy logic: SBI  
Lenders need to be proactive in monitoring borrowers: RBI  
Loan default: DPIL directors presented before CBI court  
Parliamentary Committee summons RBI Governor amid banking scams  
 
Do you agree with setting age limits for giving death penalty to rapists?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy