Exporters present wish list to stop job loss
R.SURYAMURTHY
New Delhi, Dec. 16: Exporters are in favour of a long-term policy against the rising rupee.
In the absence of such norms, there will be heavy job losses, they said.
Hit by the appreciation of the rupee against the dollar, exporters have retrenched 30,000 regular employees and 100,000 contract labourers.
They have suggested a corpus to refinance banks for covering their hedging charges.
The dollar rates that are relevant for some schemes should also be fixed, according to Ganesh Kumar Gupta, president of the Federation of Indian Export Organisations (Fieo).
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