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Inflation under control, clear sign of revival of industrial production: FM14 Sep 2019
- Finance Minister Nirmala Sitharaman announced a slew of steps to boost housing and export sector. The announcements came as the Indian economy is grappling with a sharp slowdown. In the most recent quarter, GDP growth slowed to a six-year low of 5%. Many sectors like auto & real estate are grappling with a sharp slowdown in demand
Sitharaman announces expansion of ECIS to offer higher insurance cover to banks14 Sep 2019
Union Finance Minister Nirmala Sitharaman on Saturday announced a series of steps to boost export and revive growth. Sitharaman had announced the first set last month and promised to be back with another round of initiatives to address sector-specific solutions and targets. The finance minister said that the Export Credit Guarantee Corp will expand scope of ECIS and offer higher insurance cover to banks lending working capital for exports. The move will cost ₹1700 crore per annum to the government, Sitharaman added.