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One significant change in the new DEPB Scheme is that in terms of Para 4.3.5 of the Exim Policy even excise duty paid in cash on inputs used in the manufacture of export product shall be eligible for brand rate of duty drawback as per rules framed by Department of Revenue which was not mentioned in the earlier DEPB Scheme.
Foreign trade in India includes all imports and exports to and from India. At the level of the Central Government , trade is administered by the Ministry of Commerce and Industry . [ 1 ] Foreign trade accounted for 48.8% of India's GDP in 2018.
Coca-Cola was India's leading soft drink until 1977 when it left India after a new government ordered the company to dilute its stake in its Indian unit as required by the Foreign Exchange Regulation Act (FERA). In 1993, the company (along with PepsiCo) returned after the introduction of India's Liberalization policy. [10]
In the post-Cold War era, a significant aspect of India's foreign policy is the Look East Policy. During the cold war, India's relations with its Southeast Asian neighbours were not strong. After the end of the cold war, the government of India particularly realised the importance of redressing this imbalance in India's foreign policy.
The Export-Import Bank of India (Exim Bank) was founded by the Government of India under the Export-Import Bank of India Act, 1981, which was introduced in the Indian Parliament by the then Finance Minister, Shri Pranab Mukherjee. The act was passed by both houses of parliament and received the assent of the President of India on 7 April 1982 ...
Encourage the U.S. Export-Import Bank (EXIM) to accelerate debt financing of domestic critical minerals projects. To its credit, EXIM has already launched a first-in-its-history effort to finance ...
The Ministry of External Affairs, headed by External Affairs Minister Subrahmanyam Jaishankar, is responsible for executing the foreign policy of India.Modi's foreign policy is focused on improving relations with neighboring countries in South Asia, [3] engaging the extended neighbourhood of Southeast Asia and the major global powers.
India's electronics production has more than doubled in the last six years to $115 billion in 2024, with the country now becoming the world's second-largest mobile phone manufacturer.