MEIS Current Affairs, GK & News
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
The Government of India recently announced that the benefits of RoDTEP (Remission of Duties and Taxes on Exported Products) scheme is to be extended to all goods. What is RoDTEP Scheme? The RoDTEP Scheme was launched in 2020 to boost exports of India in International markets. Under the scheme, a mechanism will be created for ..
The government have decided to cap export incentives under Merchant Export from India Scheme (MEIS) at ₹2 crore per exporter on outbound shipments made during September-December, 2020. It is going to seriously affect traders. Key point Exports made during September-December will be based on orders that had been negotiated earlier, factoring in the existing MEIS ..
On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
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 ..
Category: Government Schemes Current Affairs
The Cabinet Committee on Economic Affairs (CCEA) recently gave approval for the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. Status of India’s Exports India faced a decline in exports for 6 months in a row in January. While the exports in the 2018-19 period was worth 331 billion USD, the April to ..