GoI to organize more than 100 Hunar Haats in next 5 years

The Ministry of Minority Affairs will organize more than 100 Hunar Haat in the next five years. The move aims to increase employment opportunities to craftsmen, artisans and culinary experts and also to increase their market exposure. Highlights The Ministry ..

Month: Current Affairs - December, 2019

India appeals against WTO panel’s ruling on export promotion schemes

On 18 Nov, India appealed against a World Trade Organization (WTO) dispute settlement panel’s ruling that had recommended withdrawal of its key export subsidy schemes, including the one for special economic zones in the next 90-180 days. Recently, WTO had ..

Ministry of Defence approves issuance of two OGELs for export of certain parts and components

Defence Minister Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select countries. This decision is expected to give a boost to defence exports ..

Ministry of Commerce and Industry launches common digital platform for issuance of electronic Certificates of Origin

In New Delhi, the Union Commerce Minister Piyush Goyal has launched the common digital platform for the issuance of electronic Certificates of Origin (CoO). This platform will be a single access point for all exporters, for all FTAs/PTAs and for ..

Anti-Dumping Duty Imposed on certain Electrical Insulators from China

The Ministry of Finance has approved imposing of anti-dumping duty on import of electrical insulators (glass or ceramics/ porcelain) from China. What are electrical insulators? Electrical insulators are typically used in bushings, disconnectors, circuit breakers, transformers, power transmission and distribution ..

Devaluation of Currency

The Currency devaluation is the deliberate reduction in the value of a country’s currency against another currency. It is used by monetary authorities when they need to improve the country’s trade balance by increasing exports if and when the trade ..

Indo-China Protocol for Export Of Indian Chilli Meal

After a meeting held between Commerce Secretary of both India and China, the two countries signed a protocol for exporting of Indian Chilli Meal from India to China. Key Highlights of Meeting The meeting was held between India’s Commerce Secretary ..

Month: Current Affairs - May, 2019

Draft agri-export policy : Key Features

A draft Agri Export Policy has been released by the Commerce Ministry. The National Agriculture Export Policy is being formulated in line with the vision to double the farmer’s income and increase the share of agricultural exports from $30 billion ..

Australia Group

Australia Group which was established in 1985 as a multilateral export control regime (MECR) and informal group that works to counter spread of materials, equipment and technologies that could contribute to development or acquisition of chemical and biological weapons (CBW) ..

India joins Australia Group export control regime

India has become the 43rd member of the Australia Group export control regime on January 19, 2018. The inclusion is expected to raise India’s stature in the field of non-proliferation and help in acquiring critical technologies. With this, India has ..