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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]
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
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.
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 ...
[46] [47] Sirisena's election is expected to balance the island's tilt toward China in recent years, [48] who had earlier proposed a foreign policy catering Indian sensitivities. [49] Sirisena chose India for his first state visit (15–18 February) signalling a fresh-start in the bilateral relations.
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.