Export credit scheme to launch soon

Hon’ble CIM Shri Piyush Goyal has confirmed that the “final contours’’ of the scheme for providing export credit at low interest rates announced by the Finance Minister in September 2019 are being firmed up and would be implemented soon. “Export credit on easy terms could go up three times in the next 3-4 years as a result of the measures being taken by the government,” said the CIM while speaking at a meeting with traders organised by the Confederation of All India Traders (CAIT) on Monday. Furthermore, he asked for the creation of a database for traders in order to have better schemes. The CAIT praised the US government’s decision to release new rules to curb sales of counterfeit and pirated goods on e-commerce platforms, and urged the Minister to bring a similar policy in India. The US has put the onus of policing counterfeit goods on e-commerce hubs like Amazon, eBay and Alibaba.