FIEO officials call on Ambika Soni
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Mrs. Ambika Soni, Tourism Minister discussing with FIEO delegation. On her right are, Mr. Subhash Goyal, Convenor, FIEO Committee on Services; Mr. Ajay Sahai, DG, FIEO; & Mr. Sandeep Gupta, Director (Services). On her left are Dr. R K Dhawam, Chairman (NR), FIEO; and Mr. Subhash Mittal, Convenor, FIEO Committee on International Trade. |
FIEO officials called on Tourism Minister Ms. Ambika Soni on 26 March to discuss issues related with organsing the proposed event "Tourism Submit." The Minister suggested that first or second week of July would be an appropriate time for organizing the event.
FIEO officials comprised of Mr. Subhash Goyal, Convenor, Committee on Services; Dr. R K Dhawam, Chairman, (Northern Region); Mr. Subhash Mittal, Convenor, Committee on International Trade; Mr. Ajay Sahai, Director General and Mr. Sandeep Gupta, Director (Services).
Mr. Goyal took the opportunity to brief the Minister about Federation’s experience of participating in Fitur Tourism Fair in Spain and the observations made by its two service sector delegations to Egypt and Turkey.
Dr. Dhawan told the Minister that with over 11,000 members including many from tourism sector and having signed MoUs with as many as 69 countries, FIEO could serve as a strong pedestal for promoting Indian tourism across the world. Ms. Soni responded saying that her Ministry would meaningfully engage FIEO in its future events.
FIEO officials also discussed with the Minister other issues like how to encourage participation of SME sector in promoting Indian tourism.
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Banks charging ECGC Premium against RBI guidelines Some FIEO members have informed that ECGC Premium for Post Shipment Credit Guarantee is being levied on them by the Banks in addition to other service charges and cost of post shipment finance. This is in contravention with Para 2.6.2 of Master Circular on Export Credit [No. DBOD.DIR (Exp.) BC. 01/04.02/2007-08, dated July 2, 2007] issued by the RBI. The Circular provides that the cost of premium in respect of the Whole Turnover Post-shipment Credit Guarantee taken by Banks may be absorbed by the Banks and not passed on to the exporters. Further, Banks have also been advised to consider exempting all deserving Gold Card Holder exporters from the Packing Credit Guarantee Sectoral Schemes of ECGC on the basis of their track record. In view of the above, FIEO requests its Member Exporters to send the names of the banks passing on the premium to them so that the same could be brought to the notice of the RBI for necessary action. |
