DGFT
DGFT’s Advance Authorisation Scheme
In a bid to enhance trade facilitation and streamline processes for exporters, the Directorate General of Foreign Trade (DGFT) has introduced new measures under the advance authorization scheme. This scheme aims to enable duty-free import of inputs for export purposes, ..
Month: Current Affairs - July, 2023
Category: India Nation & States Current Affairs
RBI norms for import of Gold
The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
Regulation of Sugar Exports
The central government has imposed restrictions on sugar exports from June 1st, 2022 to increase the availability of sugar in the country during sugar season 2021-22 (October-September) and also curb price rise. Usually, during the festival season of October – ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
DGFT Trade Facilitation App launched
The Union Minister of Commerce and Industry Shri Piyush Goyal recently launched the DGFT Trade Facilitation Mobile Application. DGFT is Directorate General of Foreign Trade. Key Features of DGFT The DGFT Trade Facilitation application provides the following features : Real-time ..
Month: Current Affairs - April, 2021
Govt. Allows Export of Masks and Medical Goggles
The government has relaxed the norms for export of face shields, certain kind of surgical masks and medical goggles which are mainly in demand due to the spread of the COVID 19 disease all around the world. The shipments of ..
Month: Current Affairs - July, 2020
GoI: Quota Allocation Procedure for import of Calcined Pet Coke initiated
On April 20, 2020, the Government of India has laid down procedure to allocate quota for the import of calcined pet coke in the financial year 2020-21. Highlights In October 2018, the Government of India permitted imports of certain quantity ..
Month: Current Affairs - April, 2020
ACC Approves extension of Alok Vardhan Chaturvedi as DGFT
The Appointments Committee of Cabinet (ACC) has approved the extension of Senior bureaucrat Alok Vardhan Chaturvedi by over 3 months, in central deputation as Director General (DG), Directorate General of Foreign Trade (DGFT). Key Highlights A. V. Chaturvedi is a ..
Month: Current Affairs - June, 2019
Govt extends ban on import of milk products from China for 4 months
India which is the largest producer and consumer of milk has extended the ban on import of milk products from China for 4 months. The ban would continue till 23rd April 2019 as per the notification issued by the Ministry ..