A- A A+
Last Updated : Oct 21 2020 6:58PM     Screen Reader Access
News Highlights
Police Commemoration Day being observed today; Govt working to make border impregnable by linking technology with human force, says Amit Shah            Campaigning for first phase of Bihar Assembly Elections gains momentum; scrutiny of nomination papers for third phase underway            India returns missing Chinese soldier who strayed across LAC            COVID-19 recovery rate in country reaches 88.81 pct            IPL: Kolkata Knight Riders to take on Royal Challengers Bangalore at Abu Dhabi           

Business News

Mar 31, 2020
10:25PM

Govt extends existing foreign trade policy (2015-20) for one year till March 2021

AIR Pics
The Government today extended the existing foreign trade policy (2015-20) for one year till March 2021 amid coronavirus outbreak and the lockdown to contain the virus spread.

The Directorate General of Foreign Trade, DGFT in a notification said, the existing foreign trade policy 2015-20 which is valid up to March 31 this year is extended up to March 31, 2021. Various other changes are also made extending the date of exemptions by one year and extending validity of DFIA and EPCG authorisations for import purposes.

Exports during April-February this fiscal dipped by 1.5 per cent to 292.91 billion dollars.

Imports during the period declined by 7.30 per cent to 436 billion dollars, leaving a trade deficit of 143.12 billion dollars.


Export Promotion Capital Goods (EPCG) is an export promotion scheme under which an exporter can import certain amount of capital goods at zero duty for upgrading technology related with exports.

On the other hand, advance authorisation is issued to allow duty free import of inputs, which is physically incorporated in export product. Under the Duty Free Import Authorisation (DFIA) scheme, exportersare allowed to import certain goods like sugar at zero duty.
 

   Related News

Live Twitter Feed

Listen News

Morning News 21 (Oct) Midday News 21 (Oct) Evening News 20 (Oct) Hourly 21 (Oct) (1800hrs)
समाचार प्रभात 21 (Oct) दोपहर समाचार 21 (Oct) समाचार संध्या 20 (Oct) प्रति घंटा समाचार 21 (Oct) (1810hrs)
Khabarnama (Mor) 21 (Oct) Khabrein(Day) 21 (Oct) Khabrein(Eve) 20 (Oct)
Aaj Savere 21 (Oct) Parikrama 21 (Oct)

Listen Programs

Market Mantra 20 (Oct) Samayki 9 (Aug) Sports Scan 20 (Oct) Spotlight/News Analysis 20 (Oct) Employment News 21 (Oct) World News 20 (Oct) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 20 (Oct) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 17 (Oct) North East Diary 15 (Oct)