India-Canada free trade agreement likely to be concluded by March 2016: Official
Source: PTI The proposed free trade agreement between India and Canada, which aims to reduce or eliminate duties on a large number of products traded between the two nations, is likely to be concluded by March next year. "CEPA with Canada is at a very advanced stage. We expect that by December or latest by March it should take shape," a senior official told PTI. The negotiations for the agreement, which is officially dubbed as Comprehensive Economic Partnership Agreement (CEPA), were launched by both the countries in November, 2010 to further boost bilateral trade and investment. The proposed pact seeks to open services sector and facilitating investment proposals. The ninth round of negotiations towards a Canada-India CEPA were held ...
New FTP simplifies and merges all merchandise incentive schemes
Shakti Shankar Patra | The Dollar Business In a much needed simplification procedure, the Modi Sarkar has merged all existing merchandise export incentive schemes like Focus Market Scheme (FMS), Focus Product Scheme (FPS), Market Linked Focus Product Scheme (MLFPS), Vishesh Krishi & Gram Udyog Yojana (VKGUY) and Agri Infrastructure Incentive Scheme (AIIS) to come up with a single Merchandise Exports from India Scheme (MEIS). Part of the much-awaited and much-delayed Foreign Trade Policy (FTP) that was released at Vigyan Bhawan in New Delhi on Wednesday, MEIS, essentially, tells an exporter that a product, when exported to a particular country, will fetch a certain percentage of the FOB value. This does away with the need to keep a constant eye on ...
Excess food grain stocks set to meet domestic needs
The Dollar Business Bureau The total stock of food grains in the Government of India’s central pool, in February, stood against and more than the minimum buffer storage, resulting in an adequate requirement that is expected to meet the domestic supplies. In a recent official release, it was notified that the stock of food grains in the central pool as on February 16, 2015 was 353.67 lakh tons, which is against and more than the minimum buffer storage of 214.10 lakh tons, for January-March quarter in 2015. The adequate storage is expected to help the government in meeting the requirements under Targeted Public Distribution System (TPDS) and other welfare schemes. For a better TPDS, the government is also implementing a scheme ...
