Gitanjali Gems’ SEZ project cancelled

The Board of Approval (BoA) headed by Commerce Secretary has cancelled the Gitanjali Gems’ special economic zone (SEZ) project in Maharashtra. In a similar move, BoA has also cancelled the approval of Karanja Infrastructure’s Free Trade and Warehousing Zones (FTWZ) ..

India opens door for FDI from Pakistan

India allowed foreign direct investment (FDI) from Pakistan. But it will be only through government route and not through the automatic route. Earlier, no individual residing in Pakistan or a company based there was permitted to invest as FDI in ..

Month: Current Affairs - August, 2012

Government bans cotton exports

In order to increase the supply of natural fibre in the domestic market of India, the Government has banned exports of cotton. In reference to this a notification was issued by the DGFT (Directorate General of Foreign Trade). The exports ..

Month: Current Affairs - March, 2012

First Overseas Campus set up by IIFT in Kampala, Uganda

First Overseas Campus set up by IIFT in Kampala, Uganda India-Africa Institute of Foreign Trade (IAIFT) Indian Institute of Foreign Trade (IIFT), a Government-run Institute to setup its first overseas campus in Kampala, Uganda Objective: To help students of African ..

Month: Current Affairs - December, 2011

Annual Foreign Trade Policy 2007-08

The Annual Supplement 2007-08 to the National Foreign Trade Policy (2004-09) was announced by Shri Kamal Nath, Union Minister for Commerce & industry on April 19, 2007. 1. Exemption from Service Tax on services (related to exports) rendered abroad: Government ..

Annual Supplement 2006-07 to Foreign Trade Policy

1. In year 2005-06 India’s merchandise trade grew by 25% from 2004-05 reaching to the new height of $ 101 billion.2. This Annual Supplement of the Foreign Trade Policy 2004-09 was notified on 7 April 2006 by Commerce & Industry ..