Ministry of Commerce & Industry Government has removed 5% Basic Custom Duty (BCD) on open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels vide Notification No.30/2019-Customs dated 17.09.2019, till September 2020. It is expected that the TV manufacturers may pass on the…...
Global Competitiveness Index
Ministry of Commerce & Industry The Government has announced several measures to boost economic growth rate and also to improve the ease of doing business and ease of living which, in turn, will improve India’s position in the Global Competitiveness Index. The key measures initiated include, reduction of corporate tax rate from 30 percent to…...
Industrial Development in Border Areas
Ministry of Commerce & Industry Industrial Development in Border Areas Posted On: 27 NOV 2019 1:57PM by PIB Delhi Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry has been implementing several schemes for industrial development in the border areas being Hill states, in the Union Territory of…...
Industrial Corridor
Ministry of Commerce & Industry Industrial Corridor National Industrial Corridor Development and Implementation Trust (NICDIT) in its meeting held on 30th August, 2019 has accorded approval for extension of Chennai - Bengaluru Industrial Corridor (CBIC) to Kochi and Coimbatore and inclusion of Integrated Manufacturing Clusters (IMCs) identified in the States of Kerala and Tamil Nadu. As…...
Indian Global Trade Share
Ministry of Commerce & Industry Indian Global Trade Share As per the WTO data released in April 2019, for the year 2018, India’s share in global exports for merchandise was 1.7 % and in global imports was 2.6 %. For the year 2018 for service sector, India’s share in global exports was 3.5 % and…...
Incentives to Promote Industrial Development in J&K and Ladakh: Piyush Goyal
Ministry of Commerce & Industry Incentives to Promote Industrial Development in J&K and Ladakh: Piyush GoyalGI Tagging to More Products of Both Union Territories: Piyush Goyal The Government is working on schemes that will offer significant incentives to promote industrial development in the Union Territories (UTs) of Jammu & Kashmir and Ladakh said Union Minister of…...
2000 Crore revamp of Pragati Maidan; Unique Space for Exhibitors being Created: Piyush Goyal
Ministry of Commerce & Industry 4 Mega Shopping festivals to promote Indian Products: Piyush Goyal In order to create an unique space for exhibitors from India and abroad Rs. 2000 crore is being spent to revamp the Pragati Maidan informed Union Minister of Commerce and Industry & Railways, Piyush Goyal, in New Delhi today. He…...
Sabka Vishwas – Legacy Dispute Resolution Scheme
Ministry of Finance The aim of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is to help taxpayers, including small taxpayers, in clearing the baggage of disputes under legacy taxes (Service Tax and Central Excise), which are subsumed in Goods and Service Tax. This was stated by Shri Anurag Thakur, Union Minister of State for Finance…...
Marketing Competitiveness of MSMEs
Ministry of Micro,Small & Medium Enterprises Ministry of MSME supports Micro, Small and Medium Enterprises (MSMEs) to enhance their marketing competitiveness through Procurement and Marketing Support Scheme, Coir Vikas Yojana (CVY) and scheme for International Cooperation. The details of budget provision and expenditure under these schemes during last three years and current year are furnished in…...
Special Issue of Global Trade and Customs Journal Launched
Ministry of Commerce & Industry A special issue of the Global Trade and Customs Journal was launched at a function held in the India Islamic Cultural Centre, New Delhi on 15 November, 2019.The special issue was edited by Dr. James J. Nedumpara, Head and Professor of the Centre for Trade and Investment Law, Indian Institute…...