Kolkata: The Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. “The outlook for the Indian economy remains bright, underpinned by a … Read more
NEW DELHI: India will soon introduce production-linked incentive schemes for nine to 10 sectors to encourage local manufacturing, although the tariff support offered will be limited, Niti Aayog vice chairman Rajiv Kumar said. “Incentivising domestic and global investors through the PLI scheme will be done while respecting multilateral trade norms and any tariff support will … Read more
New Delhi: Merchandise Export from India Scheme (MEIS), a key incentive scheme for exports, will be wound up by December 31, 2020 as the government has found it to have failed to deliver and not yield the desired result of boosting exports which have hovered around $300 billion in the last five years despite its … Read more