ECGC : export credit guarantee corporation.
Fully Govt Owned Company
Established 1957
Promotes Exports By providing Credit Insurance Services
ECGC Privides Export Credit Insurance to Banks.
This means when bank Gives Loan to any exporter or exporting company then upto 60% of the loan is insured by ECGC. Incase the exporters defaults the loan then upto 60% of loan amount ECGC will provide to Bank.
Fully Govt Owned Company
Established 1957
Promotes Exports By providing Credit Insurance Services
ECGC Privides Export Credit Insurance to Banks.
This means when bank Gives Loan to any exporter or exporting company then upto 60% of the loan is insured by ECGC. Incase the exporters defaults the loan then upto 60% of loan amount ECGC will provide to Bank.
NIRVIK Scheme is introduced by ECGC. It is valid for next 5 years. It will provide enhanced insurance cover to banks for export credit upto 90% from earlier 60%. This will help export credit to grow faster.
A public health emergency has been declared in Delhi because of the poor air quality index which has resulted in many people developing health complications. The pollutants in the air are much above normal levels, which are hazardous to health. Here are the few steps that we all should take to avoid any major ill effects on health:
Use masks- specifically N95 and N99. If these are unavailable in the market then go for double surgical masks or cloth mask at least.
Stay indoors as much as possible. Avoid going out for unnecessary work.
Stay hydrated- Plain water, coconut water, electrolytes, lime water etc.
Diet- Take lots of citrus fruits like amla, guava, lemon, mausambi, oranges; Foods like dark green leafy vegetables, orange and yellow coloured vegetables and fruits are rich in Beta Carotene. Omega 3 fatty acid-rich foods including fatty fish (salmon and mackerel) cod liver oil, flaxseeds, chia seeds, walnuts, etc are also recommended.
If you cannot take fresh fruits for any reason then take some multivitamin, once a day for at least coming two weeks.
The food that can cure cough and are natural bronchodilators and can be taken safely like green tea, herbal tea, turmeric milk, honey ginger.
Natural anti-allergics are better than medications and includes fatty fish, pineapple, kiwi, onion, peppers, etc.
Avoid workout, both indoors and outdoors. This is because the workout increases breathing and you are likely to inhale the particulate matter, which is known to cause some serious side effects.
Avoid using air fresheners and aroma candles as they contain lot of particulate matter.
Keep the fan on in the room that you are using.
Keep some plants indoors as source of fresh air.
Stay healthy!!
Use masks- specifically N95 and N99. If these are unavailable in the market then go for double surgical masks or cloth mask at least.
Stay indoors as much as possible. Avoid going out for unnecessary work.
Stay hydrated- Plain water, coconut water, electrolytes, lime water etc.
Diet- Take lots of citrus fruits like amla, guava, lemon, mausambi, oranges; Foods like dark green leafy vegetables, orange and yellow coloured vegetables and fruits are rich in Beta Carotene. Omega 3 fatty acid-rich foods including fatty fish (salmon and mackerel) cod liver oil, flaxseeds, chia seeds, walnuts, etc are also recommended.
If you cannot take fresh fruits for any reason then take some multivitamin, once a day for at least coming two weeks.
The food that can cure cough and are natural bronchodilators and can be taken safely like green tea, herbal tea, turmeric milk, honey ginger.
Natural anti-allergics are better than medications and includes fatty fish, pineapple, kiwi, onion, peppers, etc.
Avoid workout, both indoors and outdoors. This is because the workout increases breathing and you are likely to inhale the particulate matter, which is known to cause some serious side effects.
Avoid using air fresheners and aroma candles as they contain lot of particulate matter.
Keep the fan on in the room that you are using.
Keep some plants indoors as source of fresh air.
Stay healthy!!
Elephant bond is an avenue for people to bring their money stashed offshore without fear of being prosecuted. Under the proposed mechanism, those disclosing their black money will receive immunity from all laws including under foreign exchange, black money and taxation laws.
Once they declare their offshore money, they will be asked to invest 40 % of that amount in these elephant bonds. A fixed coupon security will be issued. While 45 % of the wealth brought in by subscribing to these elephant bonds will be credited with the depositor, the remaining 15 % will be collected as tax deducted at source by the government.
Of the amount invested in the bonds, the HLAG has recommended that 75 % of the interests earned be collected as tax.
The HLAG estimates that creation of elephant bonds could help fund (approximately) $500 billion worth of infrastructure projects.
Once they declare their offshore money, they will be asked to invest 40 % of that amount in these elephant bonds. A fixed coupon security will be issued. While 45 % of the wealth brought in by subscribing to these elephant bonds will be credited with the depositor, the remaining 15 % will be collected as tax deducted at source by the government.
Of the amount invested in the bonds, the HLAG has recommended that 75 % of the interests earned be collected as tax.
The HLAG estimates that creation of elephant bonds could help fund (approximately) $500 billion worth of infrastructure projects.
The Minister for Shipping inaugurated the first ever ‘BIMSTEC Ports’ Conclave’ at Visakhapatnam in Andhra Pradesh to be held on 7-8 November 2019.
About:
The Ports’ First Conclave of BIMSTEC nations is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.
The Conclave will also discuss on various investment opportunities, best practices adopted for productivity and safety at Ports.
About:
The Ports’ First Conclave of BIMSTEC nations is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.
The Conclave will also discuss on various investment opportunities, best practices adopted for productivity and safety at Ports.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)?
What is it? BIMSTEC is an international organization involving a group of countries in South Asia and South East Asia.
Membership: It comprises seven countries lying in the littoral and adjacent areas of the Bay of Bengal — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
Objective: Its primary objective is to improve connectivity between the members through multi-modal transport corridors. In general, there are ‘14 priority sectors’ which cover almost all areas of cooperation such as energy, handling of refugees, anti-narcotic measures.
What is it? BIMSTEC is an international organization involving a group of countries in South Asia and South East Asia.
Membership: It comprises seven countries lying in the littoral and adjacent areas of the Bay of Bengal — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
Objective: Its primary objective is to improve connectivity between the members through multi-modal transport corridors. In general, there are ‘14 priority sectors’ which cover almost all areas of cooperation such as energy, handling of refugees, anti-narcotic measures.
Targets /Sub-targets for Priority sector:
RRBs will have a target of 75 per cent of their outstanding advances for priority sector lending and sub-sector targets as indicated in table below.
Categories Targets
Total Priority Sector 75 per cent of total outstanding*
-Agriculture 18 per cent of total outstanding
-Small and Marginal Farmers 8 percent of total outstanding
-Micro Enterprises 7.5 per cent of total outstanding
-Weaker Sections 15 per cent of total outstanding
RRBs will have a target of 75 per cent of their outstanding advances for priority sector lending and sub-sector targets as indicated in table below.
Categories Targets
Total Priority Sector 75 per cent of total outstanding*
-Agriculture 18 per cent of total outstanding
-Small and Marginal Farmers 8 percent of total outstanding
-Micro Enterprises 7.5 per cent of total outstanding
-Weaker Sections 15 per cent of total outstanding