Page 4 - Foreign Trade Policy
Top Headlines: LIC's embedded value remains flat, FTP amendments, and more
LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021
 "Top Headlines: LIC's embedded value remains flat, FTP amendments, and more")
Settling trade in rupee: FTP tweaks may allow traders export benefits
It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept
 "Settling trade in rupee: FTP tweaks may allow traders export benefits")
Explained: INSTC, the transport route that has Russia and India's backing
INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India
 "Explained: INSTC, the transport route that has Russia and India's backing")
The state-level political dynamics behind the windfall tax on fuel exports
Gujarat has the highest percentage of private oil pumps at 24%, followed by Rajasthan at 14.5%; the former will elect a new legislative assembly by this December, the latter, a year later
 "The state-level political dynamics behind the windfall tax on fuel exports")
Commerce ministry looking to release new FTP before September: Official
Under the scheme, the aim is to initially focus on 50 districts which have products that are scalable and hold huge export potential
Plenty of gaps in food inflation control measures, complain industry bodies
They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders
 "Plenty of gaps in food inflation control measures, complain industry bodies")
Free trade agreement to facilitate duty-free exports to UAE kicks off
The India-UAE CEPA will benefit almost 90 per cent of India's exports in terms of value
 "Free trade agreement to facilitate duty-free exports to UAE kicks off")
India and EU comprehensive free trade deal to be finalised by 2024
Negotiations are expected to kick start in June, after the World Trade Organisation's (WTO's) 12th ministerial meeting.
 "India and EU comprehensive free trade deal to be finalised by 2024")
Australia hopes digital trade agreement with India by the year-end
The outbreak of the global pandemic has impacted Australia's investment in India to a degree consistent with trends elsewhere in Asia
 "Australia hopes digital trade agreement with India by the year-end")
India's trade pacts: A toss-up between strategic interests, economic gains
A free trade agreement (FTA) is due to be signed with Israel in June. By the end of 2022-23, at least one more FTA will possibly be entered into with the UK.
Government extends foreign trade policy till September 30
In the policy, the government announces support measures for both goods and services exporters
Centre extends foreign trade policy by another six months till Sept 30
The development comes amid disruptions in global trade due to month-long tension between Russia and Ukraine
 "Centre extends foreign trade policy by another six months till Sept 30")
Australia says 'very close' to finalising free-trade agreement with India
A free trade agreement between India and Australia has been more than 10 years in the making, with negotiations beginning in 2011 before being suspended four years later in 2015
 "Australia says 'very close' to finalising free-trade agreement with India")
Commerce ministry to extend foreign trade policy for some more months
Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.
 "Commerce ministry to extend foreign trade policy for some more months")
FTP should be extended for six more months
No new ideas have emerged on what the new FTP should be, despite meetings with the stakeholders through the Board of Trade and Export Promotion Councils
Bata, Pfizer: These MNCs have up to 12% upside despite sanctions on Russia
Pfizer is near its long-term support, which it has defended for the last five years. A rebound can trigger a 10 per cent upside for the stock.
 "Bata, Pfizer: These MNCs have up to 12% upside despite sanctions on Russia")
SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'
So, the norms approved in 2017 will be valid till 31.03.2022 and the norms approved in 2020 will be valid for three years from the date of approval
 "SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'")
India prohibiting drone imports effectively blocks a giant in China
Amid the continuing disputes between China and US, drones have taken center stage as concerns surface that Shenzhen-based DJI may be relaying some sensitive data to Chinese intelligence agencies
 "India prohibiting drone imports effectively blocks a giant in China")
Drone makers in India on cloud nine after import ban announcement
However, the government continued imports of components for making drones
 "Drone makers in India on cloud nine after import ban announcement")
Exports at $185 bn till Sept 21, FTP extended till next March: Piyush Goyal
Minister says DGFT will also discuss issue of high prices charged by shipping firms with the concerned govt dept
 "Exports at $185 bn till Sept 21, FTP extended till next March: Piyush Goyal")
