Government bans cotton exports

In order to increase the supply of natural fibre in the domestic market of India, the Government has banned exports of cotton. In reference to this a notification was issued by the DGFT (Directorate General of Foreign Trade). The exports ..

Month: Current Affairs - March, 2012

First Overseas Campus set up by IIFT in Kampala, Uganda

First Overseas Campus set up by IIFT in Kampala, Uganda India-Africa Institute of Foreign Trade (IAIFT) Indian Institute of Foreign Trade (IIFT), a Government-run Institute to setup its first overseas campus in Kampala, Uganda Objective: To help students of African ..

Month: Current Affairs - December, 2011

Annual Foreign Trade Policy 2007-08

The Annual Supplement 2007-08 to the National Foreign Trade Policy (2004-09) was announced by Shri Kamal Nath, Union Minister for Commerce & industry on April 19, 2007. 1. Exemption from Service Tax on services (related to exports) rendered abroad: Government ..

Interim Exim Policy 2009 – 10

Supplement To Foreign Trade Policy 2004-09 for the year 2009-10 was announced by Commerce Minister Kamal Nath on February 26, 2009.1. Rupees 325 Crores would be provided under Promotional Schemes for Leather, Textile etc. for exports made with effect from ..

Annual Supplement 2006-07 to Foreign Trade Policy

1. In year 2005-06 India’s merchandise trade grew by 25% from 2004-05 reaching to the new height of $ 101 billion.2. This Annual Supplement of the Foreign Trade Policy 2004-09 was notified on 7 April 2006 by Commerce & Industry ..

Foreign Trade Policy 2004-09

1. The new Foreign Trade Policy of the Union Government was unveiled by the commerce Minister Shri. Kamal Nath on August 31, 2004. With foreign trade largely freed and import duties falling progressively, the policy have necessarily restricted itself to ..

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 ..

Annual Supplement to Foreign Trade Policy (2005-2006)

Minister for Commerce & Industry, Government of India Mr. Kamal Nath had announced Annual Supplement 2005, to the Foreign Trade Policy 2004-09 on the 8th April 2005.Main Points:1. Setting up an Inter State Trade Council to engage the State Governments ..

EXIM POLICY 1997-2000

The objectives and salient features of EXIM policy 1997-20001. To accelerate the country’ s transition to a globally oriented vibrant economy with a view to derive maximum benefits from expanding global market opportunities2. To stimulate sustained economic growth by providing ..