Exports Current Affairs - 2020

NITI Aayog: List of high export potential medical devices created

The Government Think Tank Niti Aayog draws up list of medical devices that have high export potential. It has come up with 10 devices to provide priority subsidies. It includes surgical blades, orthopaedic implants, catheters, syringes and needles, X-ray machines, blood bags, MRI machines and CT scan. Highlights The devices included in the list are Read More…

APEDA: Eight States finalise Agricultural Action Plan to boost Exports

On January 5, 2020, the Agricultural and Processed Food Products Export Development Authority (APEDA) announced that eight states namely Maharashtra, Kerala, Uttar Pradesh, Nagaland, Assam, Tamil Nadu, Punjab and Karnataka finalised their action plan to boost agricultural exports. Highlights The Agricultural Export Policy was introduced in December 2018. The policy aimed at doubling agricultural exports Read More…

Foreign Exchange reserve touches a new high of 451.08 billion USD

According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, Euro and Yen as well. Highlights The increase is mainly due to the rise in Read More…

India International Trade Fair Begins

The 39th India International Trade Fair is to begin in New Delhi on November 14, 2019. Around 25,000 people are expected to visit the fair. Theme: “Ease of Doing Business” The theme is inspired from India’s 63rd rank in the World Bank’s Ease of Doing Business. Highlights The Fair is to serve as a convergence Read More…

World Customs Organization recognised HS Code for India’s Signature Fabrics-A Boost for Khadi Exports

The Ministry of Commerce and Industry has allocated separate HS code for signature fabric of India. HS stands for Harmonized System and was developed by the World Customs Organization (WCO). The code is used by customs officers to clear commodities entering or crossing international border. HS Code It is a multi purpose International Nomenclature that Read More…