GoI revamps PCPIR Policy

On June 25, 2020, the chemicals and Fertilizers Advisory Forum meeting was held. The meeting was chaired by the Union Minster of Chemicals and Fertilizers Shri Sadananda Gowda. Highlights This was the second meeting attended by the members of the forum. The forum members during the meet discussed possible ways to realize Atma Nirbhar Bharat ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • BIS standards • Chemical industry • Ease of Doing Business • PCPIR • Petrochemicals • Policy in India • Special economic zones • World Bank

Tripura gets its first Special Economic Zone(SEZ)

The Ministry of Commerce and Industry on Monday, 16th December 2019 has notified the setting up of the first-ever Special Economic Zone(SEZ) in Tripura. The Special Economic Zone(SEZ) in Tripura will be set-up at the Paschim Jalefa region of Sabroom in the South Tripura District, which is about 130 km away from the capital city ..

Category: India Nation & States Current Affairs

Topics: Agartala • Bamboo • Income Tax • Industries • Special economic zones • Textile • Tripura • Tripura Industrial Development Corporation

Usha Thorat heads RBI task force on Offshore Rupee Markets

The RBI task force on Offshore Rupee Markets (ORM), headed by Usha Thorat, has suggested liberal currency market for offshore users. The panel recommended that onshore market hours may be suitably extended to match the flexibility provided by the offshore markets (or NDF markets). This is aimed at incentivizing non-residents to hedge in the onshore ..

Topics: Corporate tax avoidance • Currency • Currency symbols • Economy • Finance • Foreign exchange market • Indian rupee • International Financial Services Centre • Market risk • Rupee • Special economic zones • Tax avoidance

Indian Proposal to Halt Waste Dumping Defeated

A proposal moved by India to prevent developed countries from dumping their electronic and plastic waste onto developing countries was defeated at the meeting of the Basel Convention in Geneva. The breakthrough was made through an amendment to the Convention to include plastic waste in a legally-binding framework. The amendment calls to make global trade ..

Topics: Basel Convention • developed countries • developing countries • Geneva • Plastic Waste • Special economic zones

Baba Kalyani to head group to study Special Economic Zones (SEZ) Policy of India

The Union Government has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India. The group will be headed by Industrialist Baba Kalyani. The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy ..

Topics: Baba Kalyani • Economy • Economy of Visakhapatnam • Special economic zone • Special economic zones • World economy