Higher Support for Market and Product Diversification 1. Incentive schemes under Chapter 3 have been expanded by way of addition of new products and markets. 2. 26 new markets have been added under Focus Market Scheme (FMS). 3. Incentive available under FMS raised from 2.5% to 3%. 4. Incentive available under Focus Product Scheme (FPS) [...]
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Foreign Trade Policy – Strong Relief to Exporters
Posted by admin on August 27th, 2009
The export sector, bludgeoned by the global slowdown, can look forward to a raft of relief measures in the form of additional incentives in the foreign trade policy to be announced on Thursday. The policy is expected to give direct incentives for the export of labour-intensive products. Besides a bent on non-traditional markets such as [...]
Indian Depository Receipt Rules Notified by GOI Operationalises with Immediate Effect
Posted by admin on August 20th, 2009
RBI by circular dated July 22, 2009 has decided to operationalise the Indian Depository Receipt (IDR) rules, notified by Government of India with immediate effect. Salient features of the RBI circular are as under: Eligible company’s resident outside India may issue IDRs through a Domestic Depository. The permission has been granted subject to compliance with [...]
RBI Allows SEZ Developers to Raise Overseas Loans
Posted by admin on July 8th, 2009
The Reserve Bank of India (RBI) on Tuesday, 30th June 2009, allowed special economic zone (SEZ) developers to raise overseas loans. Notifying the relaxation in the external commercial borrowings (ECB) policy, it has also eased the borrowing rules for non-banking financial companies (NBFCs) and extended the permission to integrated township developers to access the ECB [...]
