export promotion
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
Advance and EPCG Authorisation Scheme
The finance ministry has introduced an amnesty scheme aimed at offering relief to traders who have defaulted on their export obligations. This scheme provides an opportunity for traders to rectify past defaults and fulfill their export obligations by paying customs ..
Month: Current Affairs - May, 2023
Category: Government Schemes Current Affairs
Why do Indian Coastal states fare better in NITI Aayog’s Export Preparedness Index?
Niti Aayog’s Export Preparedness Index of 2020 has been released. Gujarat topped the list and followed by Maharashtra and Tamil Nadu. As per the report, six of eight coastal states secured their places in the top ten rankings. That clearly ..
Month: Current Affairs - August, 2020
First virtual Trade Fair of India
The Export Promotion Council for Handicrafts hosted a four day virtual fair for around 200 Indian Exporters. The exporters were mainly from the industries of fashion jewelry and accessories Highlights The four-day fair that was conducted online focused on markets ..
Month: Current Affairs - June, 2020
Federation of Indian Export Organization: Indian Exports to fall by 20%
On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters ..
Month: Current Affairs - May, 2020
New Agro MSME Policy to be implemented
The Government of India is to implement a new Agro MSME policy. The policy is to focus entrepreneurship in rural, tribal, forest and agricultural areas. Highlights The Union Minister Nitin Gadkari recently announced that the central government is working on ..
Month: Current Affairs - May, 2020
GoI extends Foreign Trade Policy
On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 ..
Month: Current Affairs - April, 2020
National Technical Textiles Mission approved by Cabinet Committee on Economic Affairs
On February 26, 2020, the Cabinet Committee on Economic Affairs approved the National Technical Textiles Mission. The mission has been allocated Rs 1,480 crores. The aim of the mission is to make India a global leader in Technical Textiles. Highlights ..