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FM Sitharaman's key announcements to boost realty and export sectors

Projects that are 60% complete will get last mile funding through special window, says FM

Nirmala Sitharaman
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Nirmala Sitharaman | Photo: ANI (Twitter)

BS Web Team New Delhi
Finance Minister Nirmala Sitharamam on Saturday announced further relief measures for the economy on Saturday to boost the realty and export sectors. She announced a new scheme -- Remission of Duties or Taxes on Export Product (RoDTEP) -- to incentivise exporters at an estimated cost of Rs 50,000 crore to the exchequer. She said RoDTEP will replace the existing incentive schemes and "will more than adequately incentivise exporters than the existing schemes put together".

Here are the key announcements:

On Exports

Existing Merchandise Exports from India Scheme (MEIS) for textiles will continue up to December 31

Remission of duties or