A- A A+
Last Updated : Oct 27 2020 6:15AM     Screen Reader Access
News Highlights
PM Modi says India's energy will energize the world; Inaugurates 4th India Energy Forum            Rajnath Singh holds bilateral delegation level meeting with US counterpart Mark Esper; EAM Jaishankar meets his US counterpart Mike Pompeo            Campaigning for 1st Phase of Bihar Assembly Elections in 71 constituencies concludes            BJP sweeps 6th General Council Elections of Ladakh Autonomous Hill Development Council            COVID- 19 recovery rate improves to 90.23%           

Business News

Mar 12, 2020
8:02AM

Commerce ministry calls meeting of stakeholders on Mar 16 on new foreign trade policy

commerce.gov.in
Commerce and Industry Ministry has called a meeting of all stakeholders on Monday to discuss issues related to the forthcoming foreign trade policy (FTP) for 2020-25. The meeting will be attended by industry chambers and exporters from various sectors such as textiles, chemicals, agriculture, capital goods, electronics, engineering, pharmaceuticals, leather, higher education, hospitality, e-commerce, and entertainment.

All exports and import-related activities are governed by the foreign trade policy, which is mainly aimed at enhancing the country's exports and use trade expansion as an effective instrument of economic growth and employment generation.

The meeting assumes significance as the commerce ministry is likely to soon come out with the policy for the next five financial years 2020-25. The validity for the old one will end on March 31, 2020.

The new policy could focus on simplifying procedures for exporters and importers besides providing incentives to boost outbound shipments.

The ministry's arm Directorate General of Foreign Trade (DGFT) is formulating the policy.

Currently, tax benefits are provided under the Merchandise Export from India Scheme (MEIS) for goods and Services Export from India Scheme (SEIS).

In the new policy, changes are expected in the incentives given to goods as the current export promotion schemes are challenged in the World Trade Organization.

   Related News

Live Twitter Feed

Listen News

Morning News 26 (Oct) Midday News 26 (Oct) Evening News 26 (Oct) Hourly 26 (Oct) (2300hrs)
समाचार प्रभात 26 (Oct) दोपहर समाचार 26 (Oct) समाचार संध्या 26 (Oct) प्रति घंटा समाचार 27 (Oct) (0600hrs)
Khabarnama (Mor) 26 (Oct) Khabrein(Day) 26 (Oct) Khabrein(Eve) 26 (Oct)
Aaj Savere 26 (Oct) Parikrama 26 (Oct)

Listen Programs

Market Mantra 26 (Oct) Samayki 9 (Aug) Sports Scan 26 (Oct) Spotlight/News Analysis 26 (Oct) Employment News 26 (Oct) World News 26 (Oct) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 26 (Oct) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 24 (Oct) North East Diary 22 (Oct)