Commerce and Industry Minister Suresh Prabhu let out more incentives while unveiling the mid-term review of the Foreign Trade Policy 2015-20 with a view to boosting exports.
The minister stated that the Merchandise Exports from India Scheme (MEIS) incentive rate will be raised by 2 percent across the board for labor-intensive/MSME sectors. The focus of the FTP will be on exploring new markets and products as well as increasing India’s share in traditional markets and products.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- Finance Minister of India- Arun Jaitley.
Source- Press Information Bureau (PIB)