Updated On: 15 September, 2019 06:58 AM IST | | Agencies
Sitharaman also announced a reduced turnaround time for exports by leveraging technology and benchmarking it to Boston and Shanghai ports

Nirmala Sitharaman speaks during a press conference as MoS Finance Anurag Thakur looks on. Pic/PTI
With GDP growth sliding to six-year low of 5 per cent in April-June quarter and several sectors facing low demand, Finance Minister Nirmala Sitharaman on Saturday announced a fresh set of measures to boost exports and the housing sector.
The key measures include extending the scheme of Reimbursement of taxes and Duties for export promotion, fully automated electronic refund for Input Tax Credits (ITC) in GST, revised priority sector lending norms for exports and expanding the scope of Export Credit Insurance Scheme (ECIS). An inter-ministerial working group has also been formed to monitor export finance.