Centre lifts MEP on onions, tightens stock holding limit on wheat
In a significant move, the Central government lifted the minimum export price (MEP) of $550 per tonne on onions but tightened the stock holding limit on wheat.
In a significant move, the Central government lifted the minimum export price (MEP) of $550 per tonne on onions but tightened the stock holding limit on wheat.
These changes align with the commitment of the government to create a more business-friendly environment and improve India’s manufacturing competitiveness, the Ministry of Commerce & Industry said.
In line with ongoing efforts to modernise and streamline foreign trade procedures the Directorate General of Foreign Trade (DGFT) has decided that ad-hoc Input Output Norms will be determined through a rule-based, system-driven process
The export of 50,000 tonnes of onion is being allowed for Bangladesh, while another 14,400 tonnes are being permitted for dispatch to the UAE.
Another important development was that the PM Modi dedicated to nation the International Exhibition-cum-Convention Centre (IECC) complex in New Delhi, and urged the nation to move ahead with the principle of ‘Think Big, Dream Big, Act Big’.
The Confederation of All India Traders (CAIT) came down heavily on the Directorate General of Foreign Trade (DGFT) for promoting e-commerce players to leverage district-specific products and their exports from the country.
The government has imposed import restrictions on specific gold jewellery and articles.
The Directorate General of Foreign Trade (DGFT) said in a notification, that restrictions on exports of Paracetamol active pharmaceutical ingredients (APIs or raw materials) will continue.
The DGFT, which is under the Commerce Ministry, had put the company under the list, commonly known as blacklist
