Import
RBI: Mechanism for International trade in rupees (INR)
On July 11, 2022 the Reserve Bank of India (RBI) notified new measures to settle down “international trades in rupee”. This move will promote global trade and emphasise on exports from India. About the new mechanism RBI has announced new ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2024
RBI Draft Norms for Trade via E-commerce
The Reserve Bank of India has proposed to modify the existing norms that are in place with the aim of rationalizing and simplifying the process for payment settlement for imports and exports through e-commerce. Overview: The draft guidelines named ‘Processing ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
PLI Scheme for Drone Industry
The production-linked incentive (PLI) scheme for the drone industry was notified by the Ministry of civil aviation in September 2021. About the scheme Under the scheme, manufacturers of drones and drone components will be given an incentive of 20% of ..
Month: Current Affairs - March, 2022
Category: Government Schemes Current Affairs
Manufacture and import of Polyester National flags – Update (March, 2022)
The Union government amended the 2002 Flag Code of India, to allow the manufacture and import of machine-made polyester national flags. About the amendment According to the amended flag code, “The National Flag shall be made of hand-spun and hand-woven ..
Month: Current Affairs - March, 2022
Category: Legal & Constitution Current Affairs
Defence Canteens ban import of finished goods
The Government controlled Canteen Stores Department that operates canteens of defence forces are to ban the imported items. This is applicable to all the Fast Moving Consumer Goods and Liquor, consumer durables and footwear. Highlights Out of 5,500 items sold ..
Month: Current Affairs - October, 2020
Web Portal launched to provide star rating of coal mines
The Ministry of coal launched web portal in New Delhi to provide star rating of coal mines. Based on the star rating the highest scoring mines are to be awarded. Highlights According to the new system, the mines scoring between ..