Import-Export Current Affairs - 2020

Punjab creates land banks to boost industrial production

The Punjab cabinet on December 2, 2019, approved the amendment of Punjab Village Common Land (Regulation) rules, 1964. It aims at creating land banks in rural areas to boost industrial development in the state. Highlights of the amendment The amendment has included Rule 12-B that provides special provision to transfer shamlat land or common land Read More…

India to host the Kimberely Process Certification Scheme

The Plenary meeting of Kimberley Process Certification Scheme (KPCS) is to be hosted by India between November 18, 2019 and November 22, 2019. The event is hosted by Ministry of Commerce and Industry. The meeting is held annually to make sure that the trade of diamonds is conflict free. Highlights of the meeting During the Read More…

Imports from Pakistan to India decline by 92% in March 2019

Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights Background: On February 2019, in aftermath of Pulwama terror attack for which Pakistan based JeM Read More…