Govt extends services export period under SEIS upto Mar 31, 2017
The Dollar Business Bureau The government has extended the period of services export for rewards under the Services Exports from India Scheme (SEIS) upto March 31, 2017. Currently, the services and rates of rewards were applicable only for services exports made between April 1, 2015 and March 31 2016. “The earlier notified period of services export rendered between 1-4-2015 to 31-03-2016, as per the list comprising rates and conditions for rewards under the SEIS notified vide Public Notice No.3/2015-20 dated April 1, 2015 as amended vide Public Notice no.42/2015-20 dated 26.10.2015, is extended upto 31.03.2017,” the Directorate General of Foreign Trade (DGFT) said in a notification on Friday. The list of services/rate is subject to review with effect from April 1, 2017, the notification ...
China adopts new 5-yr plan aimed at halting economic slowdown
The law stipulates how charities should be registered, giving approved charities more freedom in their operations. Currently, only a few charities are allowed to raise money Source: PTI By 2020, the size of China's economy is expected to exceed 90 trillion yuan ($13.8 trillion) compared with 67.7 trillion yuan in 2015, according to the plan In a bid to halt the continued economic slowdown, China's parliament on Wednesday approved a new five-year plan, laying out the economic and social development blueprint that sets a target of an average annual economic growth of above 6.5%. A total of 2,778 lawmakers or 97.27% voted for the plan at the closing meeting of the annual session of the National People's Congress (NPC) which had the reputation ...
China plans to cut GDP target in next five-year plan
Source: PTI China may cut its GDP growth target to 6.5% from the present 7% in its next five-year plan in view of the continued slowdown of the world's second largest economy. China may cut its GDP growth target to 6.5% in the next five years, a further decrease from this year's goal of seven per cent, Economic Information, a newspaper affiliated to state-run Xinhua news agency cited experts as saying. Recent IMF forecast said China's growth is expected to slow from 7.3 per cent in 2014 to 6.8 per cent this year and 6.3 per cent in 2016 as the country struggles with its shift from export oriented economy to the one driven by consumption. The projection of 6.5% as a ...
