Currently, RoSL, which is to offset indirect taxes levied by states such as stamp duty, petroleum tax, electricity duty and mandi tax that were embedded in exports, is provided to textiles exporters.

The idea is to focus on one district at a time and increase its GDP growth by 3-4 percentage points annually, which will help increase the national GDP

Comments come amidst continuous fall in merchandise exports from the country and the growing threats to global trade and even questions being raised about the existence of the global trade body WTO.

\"The proposal will entail benefits of around Rs 600 crore to exporters on interest equalisation for the remaining period of the scheme,\" an official release said.

The government has taken this decision keeping in view the falling onion prices due to increase in supply of new crop from major onion producing centres in Maharashtra, Gujarat and Madhya Pradesh.