Nirmala Sitharaman Announces Measures To Promote Exports | Read

Finance Minister Nirmala Sitharaman on Saturday announced a slew of measures aimed at boosting exports to push growth. From simplification of the Goods and Services Tax (GST) regime for exporters and higher insurance cover to banks lending for exports, Nirmala Sitharaman made a range of announcements. "Technology will be leveraged by timely completion of ongoing initiatives to further reduce the time to export," the Finance Minister said. The steps to promote exports come at a time the government intends to more than triple the country's annual exports to $1 trillion in the next five years.