The commerce secretary today reiterated fears of a slowing export situation in the nation. Given the crisis that the US and European economy riddle in, this comes as no surprise. It is in such an environment that the government is considering withdrawal of the DePB scheme even as there is no clarity on the replacement duty-drawback scheme.
Siddharth Zarabi, chief economy editor of CNBC-TV18 joins the channel to clear the air regarding speculations of yet another stimulus package and ponders over its effectiveness. Below is the edited transcript of his interview. Also watch the accompanying video. Q: On one hand the government is talking about withdrawal of the DePB incentives, which cost the government about Rs 8,000 crore. There is no clarity on the replacement scheme, which is the duty drawbackDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
