Border Haats

Border haats are specially designed marketplaces along the international borders. Currently, four border haats are operational along the India–Bangladesh border.  Border haats have a made a new beginning through Promoting the well-being of the people dwelling in remote areas across ..

Inverted Duty Structure

Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such finished goods.  For example, suppose the tariff (import tax) on the ..

Trade Facilitation Agreement

The government had approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) in February, 2016. The proposal regarding ratification and acceptance of the instrument of acceptance of protocol of TFA to WTO Secretariat ..

Draft National Capital Goods Policy 2015

The Capital Goods industry is one of the key contributors to value added manufacturing in India. Capital goods include plant machinery, equipment and accessories required for manufacture or production of goods or for rendering services, either directly or indirectly. Currently, ..

India to slash import duties on 234 Items from Pakistan

The Union Cabinet Okayed the Commerce Ministry’s proposal to reduce the list of sensitive items under South Asian Free Trade Agreement (SAFTA) for Pakistan by 30%. India will also slash import duties on about 234 items from Pakistan under the ..

Month: Current Affairs - August, 2012

Exim Policy 2002-07 (main points)

1. The EXIM Policy for 2002-07 which came in effect on 1st April, 2002 was the first policy which had to be formulated keeping in view all the commitments India had made under the WTO. In 2001, all quantitative restrictions ..