Foreign Trade Policy Current Affairs, GK & News
Extension of Foreign Trade Policy 2015-20 – Update (September, 2022)
The current Foreign Trade Policy has been extended by six months due to currency volatility and global uncertainty. Key facts Foreign Trade Policy 2015-20 has been extended for the period of six months until March 2023. This extension will come to effect from 1st of October 2022. It is being extended in view of the ..
Month: current affairs - september, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Foreign Trade • Foreign trade of India • Foreign Trade Policy • Foreign Trade Policy 2015-20 • Indian Economy
Current Foreign trade policy (FTP) extended till March ’22
According to Commerce Minister, Piyush Goyal, India’s foreign trade policy (FTP) will be extended for six months, till March 31, 2022. Key Facts FTP was extended just before its previous extension which is ending on September 30, 2021. FTP for 2015-2020 highlights the basic contours for boosting exports with the aim of enhancing economic growth. ..
Month: Current Affairs - September, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Duty Free Import Authorisation (DFIA) • Foreign Trade Policy • FTP 2015-20 • Merchandise Export from India Scheme • Service Exports from India Scheme
Import of Oxygen concentrators for personal use permitted
The Directorate General of Foreign Trade recently notified that the import of oxygen concentrators shall be allowed for personal use. The Government of India has revised the Foreign Trade Policy, 2015-2020 to permit the import. About Oxygen Import The new revision says that the imports of goods as “gifts’ is allowed through post or courier ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Custom Duty • Digital India • Directorate of Foreign Trade • E-commerce • Foreign Trade • Foreign Trade Policy • MEIS • oxygen concentrator
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 trade policy updates and event notifications. It provides options to explore Export-Import policies and statistics ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Android • DGFT • Directorate General of Foreign Trade (DGFT) • Economic liberalisation in India • Foreign Trade Policy • Globalisation • Liberalisation • Mobile Applications • Privatisation • Trade policy
New Foreign Trade Policy
The Union Ministry of Commerce and Industry recently announced that the new Foreign Trade Policy. 2021-26 is to come into effect from April 1, 2021. What is the goal of New Foreign Trade Policy? To make India a 5 trillion USD economy. What are the Key Highlights of the new Foreign Trade Policy? The District ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: 5 Trillion Dollar Economy • Foreign Trade • Foreign Trade Policy • India exports • Pharmaceuticals • Policies • Trade and investment
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 by another one year till 2021. Objective of the policy The policy aims at making ..
Month: Current Affairs - April, 2020
Category: Government Schemes Current Affairs
Topics: Digital India • export promotion • Foreign Trade • Foreign Trade Policy • Make in India • MEIS