April 05, 2025 09:59 am (IST)
Follow us:
Cabinet nods ex-post-facto approval to capital infusion made in Export Import Bank of India
New Delhi, Sept 9 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of Rs. 800 crore, as approved in the Demands for Grants and consented to by the Finance Minister to support the future growth of the Bank.
The EXIM Bank was set up as a statutory Corporation in 1982 under the Export Import Bank of India Act, 1981.
It was created for providing financial assistance to exporters and importers, and for functioning as principal financial institution for coordinating the working of institutions, engaged in financing export and import of goods and services.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Huge protests erupt in Kolkata, Chennai after parliament passes Waqf Amendment Bill
Fri, Apr 04 2025
PM Modi to inaugurate new Pamban Rail Bridge on Ram Navami
Fri, Apr 04 2025
Indian govt approves 4 railway projects worth Rs 18,658 cr to expand network across Maharashtra, Odisha, Chhattisgarh
Fri, Apr 04 2025
BIMSTEC: Narendra Modi meets KP Sharma Oli, says New Delhi attaches immense priority to relations with Nepal
Fri, Apr 04 2025
Narendra Modi visits Wat Pho Temple of Reclining Buddha
Fri, Apr 04 2025
Modi proposes 21-point Action Plan in BIMSTEC Summit
Fri, Apr 04 2025