Topic: Export
RBI: Mechanism for International trade in rupees (INR)
On July 11, 2022 the Reserve Bank of India (RBI) notified new measures to settle down “international trades in rupee”. This move will promote global trade and emphasise...
RBI Draft Norms for Trade via E-commerce
The Reserve Bank of India has proposed to modify the existing norms that are in place with the aim of rationalizing and simplifying the process for payment settlement...
India allows export of onions to Bangladesh
On September 18, 2020, the Directorate General of Foreign Trade lifted the ban on export of onions to other countries including Bangladesh. The decision was made after a long...
GoI lifts ban on Paracetamol API exports
On May 28, 2020, the Government of India lifted the ban on export of paracetamol Active Pharmaceutical Ingredients. Highlights The removal of ban will now allow the export...
GoI: Rebate of State and Central Taxes Scheme in the form of Scrips
On May 1, 2020, the Government of India announced that the Rebate of State and Central Scheme arrears are to be provided in the form of scrips. It...
MEIS scheme to be replaced with RoDTEP Scheme
On March 13, 2020, the Union Cabinet approved to withdraw the MEIS (Merchandise Export from India) Scheme in phases. It is later to be replaced with RoDTEP (Remission...
GoI allows Export of Onions
In September 2019, GoI had banned the export of onions in order to bring down its prices in the country. The prices of the key cooking ingredient had...
Ministry of Textiles organises Kala Kumbh exhibition
The Ministry of Textiles is organising a Handicraft thematic Exhibition named ‘Kala Kumbh’, for promoting Geographical Indication (GI) crafts, through the Office of Development Commissioner (Handicrafts). Recently the...
CBIC initiates collection of district-wise data on origin of export goods
The Central Board of Indirect Taxes and Customs (CBIC) has recently started to capture district-wise data on origin of export goods. This proposed export information will provide a...
National Agricultural Export Authority, APEDA launched 186 product testing laboratories
On January 20, 2020, the APEDA (Agricultural and Processed Food Products Development Authority) has added 135 laboratories to the existing 51 laboratories. With this initiative, the total number...
GoI to organize more than 100 Hunar Haats in next 5 years
The Ministry of Minority Affairs will organize more than 100 Hunar Haat in the next five years. The move aims to increase employment opportunities to craftsmen, artisans and...
