Exports dip in Nov too, commerce for more sops

Quick estimates available with the commerce ministry show that exports dipped 12 per cent in November, almost the same as October. As a result, the ministry will push for additional export benefits, including higher rates for duty drawbacks and the duty entitlement passbook scheme, sources told Business Standard.

Sources added that additional measures for the textile sector will be announced this week.

Meanwhile, the government has appointed Cabinet Secretary K M Chandrasekhar as the new head of the five-member Committee of Secretaries which is monitoring the Indian economy. The panel was headed by Finance Secretary Arun Ramanathan.