World Economic Outlook 2015

The Update of the World Economic Outlook (WEO) released in January 2015 by the IMF puts global growth projection for 2015 at 3.5 percent and at 3.7 percent for 2016. Global growth will receive a boost from lower oil prices – a result mainly of higher supply – but while the recovery in the United […]

Highlights Of The Foreign Trade Policy Of India 2015-2020

Highlights Of The Foreign Trade Policy 2015-2020 A. SIMPLIFICATION & MERGER OF REWARD SCHEMES Export from India Schemes: 1. Merchandise Exports from India Scheme (MEIS) Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri. Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of […]

India Budget 2015 Highlights – Duty & Taxes

* Increase in basic custom duty: -Metallergical coke from 2.5 % to 5%. -Tariff rate on iron and steel and articles of iron and steel increased from 10% to 15%. -Tariff rate on commercial vehicle increased from 10 % to 40%. *Basic custom duty on digital still image video camera with certain specification reduced to […]