DGFT Current Affairs - 2020

GoI: Quota Allocation Procedure for import of Calcined Pet Coke initiated

On April 20, 2020, the Government of India has laid down procedure to allocate quota for the import of calcined pet coke in the financial year 2020-21.

Highlights

In October 2018, the Government of India permitted imports of certain quantity of pet coke in order to use it as fuel in anode making. Earlier, the GoI had banned import of pet coke. Import of petcoke was allowed only in lime kiln, cement, gasification and calcium carbide industries. Now the Directorate General of Foreign Trade has invited applications for import of pet coke.

Pet Coke is mainly used in aluminium industry as raw material.

Pet Coke imports

India is the largest consumer of pet coke in the world. India imports over 27 million tonnes of pet coke from US alone. Pet coke emits over 11% more green house gases than coal.

What is Pet Coke?

Petroleum Coke is called Pet Coke. It is rich in carbon and is derived during oil refining. It consists of more than 80% of carbon.

ACC Approves extension of Alok Vardhan Chaturvedi as DGFT

The Appointments Committee of Cabinet (ACC) has approved the extension of Senior bureaucrat Alok Vardhan Chaturvedi by over 3 months, in central deputation as Director General (DG), Directorate General of Foreign Trade (DGFT).

Key Highlights

A. V. Chaturvedi is a 1986 batch IAS officer of Bihar cadre. He was given extension beyond 18 June 2019 and will now continue up to 30 September 2019, the date of his superannuation or until further orders whichever is earlier.

Appointments Committee of Cabinet: The ACC decides appointments to top posts under Government of India (GoI). It is composed of the Prime Minister of India, Narendra Modi who act as the Chairman of ACC and Union Minister of Home Affairs, Amit Shah.

Directorate General of Foreign Trade: It is agency of Union Ministry of Commerce and Industry. It is responsible for administering laws regarding foreign trade and foreign investment in India and for execution of India’s import and export Policies. It provides a complete searchable database of all exporters and importers of India.