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* Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors * Government says, a series of structural reforms will propel India among the fastest growing economies of the world. Country firmly on course to achieve over 8% growth as manufacturing, services and exports back on good growth path. […]
GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18th May, 2017] The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% […]
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 […]
Foreign Exchange Management act was enacted w.e.f.1st June 2000 and it replaced the FERA Foreign exchange regulation act of 1974. This act was incorporated into the statutes to reform the foreign exchange management policies in India to address various issues raised by India’s Economic Liberalization Emergence of WTO World trade organization system The Foreign Exchange […]
Highlights of the Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 Higher Support for Market and Product Diversification Additional benefit of 2% bonus, over and above the existing benefits of 5% / 2% under Focus Product Scheme, allowed for about 135 existing products, which have suffered due to recession in exports. Major sectors include […]