Tue, Feb 28, 2017 | updated 07:11 AM IST

President Mukherjee inaugurates diamond jubilee celebrations of ECGC

Updated: Nov 08, 2016 16:19 IST

New Delhi [India], Nov. 8 (ANI): President Pranab Mukherjee on Tuesday inaugurated the Diamond Jubilee Celebrations of Export Credit Guarantee Corporation of India Limited (ECGC) in New Delhi.

Speaking on the occasion, the President said that a robust, vibrant and well-functioning ECGC can be an enabler for putting the country back on a high export growth path.

"It is necessary that all stakeholders in the ECGC provide the necessary leadership and direction for it to move forward," he added.

The President said that in the present day context the role of an Export Credit Agency (ECA) is of central importance in international trade and investment flows.

"These institutions are, in a manner of speaking, akin to policy instruments at the disposal of the sovereign to ensure adequate and timely support to national exports by way of extending credit, insurance and guarantees. They develop the platform upon which exporters and bankers sustain existing markets in addition to exploring new markets. Absence of an ECA adds to the underlying political, economic and financial uncertainty. ECAs offer more than just trade credit insurance. Their role in an economy is multifaceted with protection against risks, enabling access to bank finance, information and expertise in trade finance," he added.

Among the dignitaries present on the occasion were Minister of State (I/C) for Commerce and Industry Nirmala Sitharaman, Commerce Secretary Rita Teaotia and CMD, ECGC Geetha Muralidhar. (ANI)

New Delhi, [India], Feb. 28 (ANI): Comparing Congress leader P. Chidambaram's language used in his recent statement with that of a separatist, Union Minister Ravi Shankar Prasad has questioned Congress President Sonia Gandhi if Chidambaram's stance represents the stance of the Congress.

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Telangana (Hyderabad) [India], Feb. 28 (ANI): The last rites of engineer Srinivas Kuchibhotla, who was shot dead in the United States will be performed on Tuesday.

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New Delhi [India], Feb. 28 (ANI): The Delhi High Court will on Tuesday continue its hearing on a plea against the strike organised by Ola and Uber drivers in the national capital.

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New Delhi [India], Feb. 28 (ANI): The Supreme Court will on Tuesday hear the Odisha mining case.

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New Delhi [India] Feb. 28 (ANI): The Supreme Court will on Tuesday hear the plea filed by Sahara in connection with the return of money to its investors.

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Mumbai (Maharashtra) [India], Feb. 28 (ANI); Condemning the recent tussle between Left-affiliated AISA and the RSS-backed ABVP in Delhi University's North Campus, the Bharatiya Janata Party (BJP) on Tuesday appealed to the students from both the wings to debate and discuss and come up with a solution.

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New Delhi [India], Feb. 28 (ANI): After Bharatiya Janata Party (BJP) MP Pratap Simha countered controversy by comparing Delhi University student Gurmehar Kaur, whose social media post against the ABVP has gone viral, to Dawood Ibrahim, the Communist Party of India (Marxist) on Tuesday dubbed it as the voice of the Rashtriya Swayamsevak Sangh (RSS) who wants to capture the universities of India.

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New Delhi [India], Feb. 28 (ANI): Slamming Information and Broadcasting Minister M. Venkaiah Naidu for accusing the grand old party and the Left of trying to give a "different colour" to happenings on some campuses, Congress leader Mallikarjun Kharge on Tuesday criticized the former for espousing the ideologies of the Rashtriya Swayamsevak Sangh party (RSS).

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New Delhi [India], Feb. 28 (ANI): Minister of State in the Prime Minister's Office Jitendra Singh on Tuesday said the nation would have to rise up and rethink whether the Congress is a party which could ever in future be handed over the reins of power and governance without risking the sovereignty of Indian republic.

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Jashpur (Chhattisgarh)[India], Feb. 28 (ANI): Setting an inspiring example to others, a woman from Chhattisgarh's Jashpur district mortgaged her jewellery to make bricks with the help of other women to construct more than 100 toilets in the village.

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Telangana (Hyderabad) [India], Feb. 28 (ANI): Telangana Chief Minister K. Chandrashekhar Rao has assured that the government would stand by Anganwadi workers who are working relentlessly for the protection of pregnant women, lactating mothers and infants.

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Kolkata (West Bengal) [India], Feb. 28 (ANI): The fire tenders to douse the flames in Kolkata's Burabazaar area have been increased to 30.

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Kolkata (West Bengal) [India], Feb. 28 (ANI): As many as 25 fire tenders are at the spot to douse the flames that broke out in Kolkata's Burazbazaar area.

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Casualties in Naxal affected areas rise

Updated: Feb 28, 2017 00:26 IST

New Delhi [India], Feb. 28 (ANI): There is an overall spurt in the casualties in the Left Wing Extremism (LWE) areas.

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Guwahati (Assam) [India], Feb. 28 (ANI): The sleuths of Assam Police Vigilance and Anti Corruption (V&AC) have arrested six officials of social welfare department in connection with a multi crore rupees scam of the department.

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Kerala priest detained for raping student

Updated: Feb 28, 2017 00:19 IST

Kannur (Kerala) [India], Feb. 28 (ANI): A Kerala church priest has been detained for raping a plus one student in Kerala's Kannur.

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New Delhi, Feb. 27 (ANI): Saluting the heroism of Ian Grillot, who suffered injuries in his arm and chest while trying to tackle the shooter at a Kansas city bar who opened fire on two Indian men, External Affair Minister Sushma Swaraj on Monday wished for his speedy recovery.

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New Delhi [India], Feb. 27 (ANI): The fifth MAK Pataudi Memorial Lecture 2016-17 and the BCCI Annual Awards 2016-17 will take place at Ritz Carlton, Bengaluru on March 8.

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Kolkata (West Bengal) [India], Feb. 27 (ANI): A massive fire broke out in Kolkata's Burabazaar area on Monday night.

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Raipur (Chhattisgarh) [India], Feb 27(ANI): Spiritual leader Sri Sri Ravi Shankar has commented the growing menace of Naxal elements across the nation, and expressed his desire to help them in all situations.

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