Import/Export Current Affairs, GK & News
Punjab creates land banks to boost industrial production
The Punjab cabinet on December 2, 2019, approved the amendment of Punjab Village Common Land (Regulation) rules, 1964. It aims at creating land banks in rural areas to boost industrial development in the state. Highlights of the amendment The amendment has included Rule 12-B that provides special provision to transfer shamlat land or common land ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Import/Export • Industrial Corridors • Industrial Sector • Land Bank • Punjab
India to host the Kimberely Process Certification Scheme
The Plenary meeting of Kimberley Process Certification Scheme (KPCS) is to be hosted by India between November 18, 2019 and November 22, 2019. The event is hosted by Ministry of Commerce and Industry. The meeting is held annually to make sure that the trade of diamonds is conflict free. Highlights of the meeting During the ..
Month: Current Affairs - November, 2019
Category: Important Days & Events Current Affairs
Topics: Blood diamonds • Conflict Diamonds • Diamond Exchange • Diamonds • Import/Export • Kimberley Process Certification Scheme • World Diamond Council
Free Trade and Warehousing Zones in India
The Central Government of India has plans to approve 8 Free Trade and Warehousing Zones(FTWZs) in India of which 4 have already been notified by the Government. 3 FTWZs are already operational. Private investors have invested nearly 3400 crores in these FTWZs till date. The Central Government has made no investments in these CTWZs. What/Why ..
Topics: Commerce • Energy security • Free trade • Import/Export • Warehouses
Imports from Pakistan to India decline by 92% in March 2019
Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights Background: On February 2019, in aftermath of Pulwama terror attack for which Pakistan based JeM ..
Month: Current Affairs - June, 2019
Topics: Advance Authorisation Scheme • Customs duties • Import/Export • India- Pakistan • MFN Status • Most favoured nation • Pulwama Terror Attack • World Trade Organisation • WTO