Import/Export Current Affairs, GK & News

Punjab creates land banks to boost industrial production

December 3, 2019

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 ..

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India to host the Kimberely Process Certification Scheme

November 19, 2019

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 ..

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Free Trade and Warehousing Zones in India

July 3, 2019

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 ..

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Imports from Pakistan to India decline by 92% in March 2019

June 10, 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 ..

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