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The Union Cabinet has recently sanctioned an additional allocation of Rs 2500 crore to extend the Interest Equalisation Scheme until June 30, 2024. Launched on April 1, 2015, the scheme facilitates pre- and post-shipment export credit to exporters in rupees. Initially slated for a 5-year period ending on March 31, 2020, the scheme has seen continuous extensions, including a one-year prolongation amid the COVID-19 pandemic, along with subsequent extensions and fund allocations. The implementation of the scheme falls under the purview of the Reserve Bank of India (RBI), administered through various Public and non-Public Sector banks providing pre- and post-shipment credit to exporters. Oversight of the scheme is a collaborative effort between the Directorate General of Foreign Trade (DGFT) and the RBI through a consultative mechanism.
Cashfree Payments, the SBI-backed digital payment solutions provider, introduced 'KYC Link'.What is the primary purpose of Cashfree Payments' 'KYC Link'?
In December 2021, Prime Minister Narendra Modi has been conferred with the highest civilian award of __________, Ngadag Pel gi Khorlo, on the occasion o...
Which of the following places is famous for a copper mine?
The collection of goods and services tax (GST) was highest in April 2022 as Rs 1.68 trillion, what is the collection of GST for May 2022.
Which city is the host of 4th G20 Sherpa meeting in September 2023?
Despite pledging to reduce fossil fuel subsidies, the G20 countries increased the amount of public money flowing into coal, oil, and gas in 2022. What w...
Which city in Maharashtra will have a 75-feet tall 'Statue of Knowledge' dedicated to Dr B. R. Ambedkar, and how much money has been sanctioned for the ...
Which of the following books has been authored by Prof. Alok Chakrawal?
How many cargo vessels will Rhenus Logistics India deploy under its MoU with IWAI?
Jal Utsav, a 15-day festival on water conservation, is being led by which organization?