Ministry of Defence approves issuance of two OGELs for export of certain parts and components

Defence Minister Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select countries. This decision is expected to give a boost to defence exports ..

Ministry of Commerce and Industry launches common digital platform for issuance of electronic Certificates of Origin

In New Delhi, the Union Commerce Minister Piyush Goyal has launched the common digital platform for the issuance of electronic Certificates of Origin (CoO). This platform will be a single access point for all exporters, for all FTAs/PTAs and for ..

Anti-Dumping Duty Imposed on certain Electrical Insulators from China

The Ministry of Finance has approved imposing of anti-dumping duty on import of electrical insulators (glass or ceramics/ porcelain) from China. What are electrical insulators? Electrical insulators are typically used in bushings, disconnectors, circuit breakers, transformers, power transmission and distribution ..

Devaluation of Currency

The Currency devaluation is the deliberate reduction in the value of a country’s currency against another currency. It is used by monetary authorities when they need to improve the country’s trade balance by increasing exports if and when the trade ..

Indo-China Protocol for Export Of Indian Chilli Meal

After a meeting held between Commerce Secretary of both India and China, the two countries signed a protocol for exporting of Indian Chilli Meal from India to China. Key Highlights of Meeting The meeting was held between India’s Commerce Secretary ..

Month: Current Affairs - May, 2019

Draft agri-export policy : Key Features

A draft Agri Export Policy has been released by the Commerce Ministry. The National Agriculture Export Policy is being formulated in line with the vision to double the farmer’s income and increase the share of agricultural exports from $30 billion ..