New Fiscal Reforms
On 14th September and on 20th September 2019 Union Finance Minister announced separate measures to boost the flailing economy.
Measures announced by the government to boost various sectors are as follows:
Exports
- Scheme for Remission of Duties or Taxes on Export Products: The scheme includes a refund of duties and taxes on exports that will replace all existing schemes including the Merchandise Export of India Scheme (MEIS). It will be effective from January 1, 2020 and will benefit all products including textiles. The revenue forgone is projected at upto Rs 50,000 crore.
- Electronic Fund Mechanism: To make the refunds speedily, a ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Drought: Escalating Risks to Communities, Ecosystems, and Economies
- 2 India-Croatia: Deepening Partnership
- 3 Bonn Summit Sets Tense Stage for COP30
- 4 Climate Induced Migration: A Multidimensional Challenge Requiring Global Action
- 5 India-Cyprus Five-Year Strategic Roadmap
- 6 Urban Drainage Crisis in India
- 7 Unwrapping India’s Food Safety Challenges
- 8 Reforming Agricultural Subsidies in India: Towards Efficiency, Equity, and Sustainability
- 9 India’s Data Imperative: The Pivot Towards Quality
- 10 Semiconductors: Powering India’s Digital Ecosystem
Current Affairs In Focus
- 1 National Resource Efficiency Policy
- 2 Scientific Social Responsibility (SSR)
- 3 Unlawful Activities (Prevention) Amendment Act (UAPA), 2019
- 4 74th UNGA Session Held
- 5 India Convinces ASEAN to Review India-ASEAN Free Trade Agreement (FTA)
- 6 The Significance of Indian Diaspora
- 7 Ailing Power Supply Chain
- 8 Bank Consolidation Drive Results in Merger of Ten Public Sector Banks