Export Credit Guarantee Corporation of India Current Affairs, GK & News
The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. What is Export Credit Insurance? Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by ..
Category: Government Schemes Current Affairs
Topics: Credit • Economy • Export credit agencies • Export Credit Guarantee Corporation of India • Finance • Foreign trade of India • International finance • International Trade • Ministry of Commerce and Industry • Money • Repurchase agreement • Trade credit insurance
1. The EXIM Policy for 2002-07 which came in effect on 1st April, 2002 was the first policy which had to be formulated keeping in view all the commitments India had made under the WTO. In 2001, all quantitative restrictions on imports were removed.2. SEZ:Offshore Banking Units (OBUs) were permitted in SEZs. Detailed guidelines were ..