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    December 27, 2019
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    Multilateralism must be reinvented to restore global cooperation and reform institutions for this century's challenges.
    Multilateralism is in decline due to rising protectionism, dysfunction in the WTO dispute settlement system, and the proliferation of regional and bilateral trade arrangements that dilute universal gains. Bretton Woods institutions suffer from governance misalignment and inconsistent application of rules, undermining legitimacy. Recovery requires rebuilding or replacing institutions to ensure inclusive representation, balance trade efficiency with employment and poverty concerns, and prioritise future productivity drivers including biotechnology, advanced telecommunications, AI and climate cooperation.
    December 26, 2019
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    Anti-smuggling enforcement: stamp release highlights DRI's role and calls for tech and data training to strengthen deterrence
    The commemorative stamp recognises the Directorate of Revenue Intelligence (DRI) for countering smuggling and preserving cultural and environmental assets, noting its expanded remit across counterfeit currency, narcotics, gold, arms, wildlife and commercial fraud. The release stresses DRI's leadership of S-CORD, its role in national and international intelligence cooperation, and the imperative to enhance officer training in technology and data analytics to address evolving smuggling methods.
    December 20, 2019
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    Rationalization of export promotion councils urged to reduce duplication and merge smaller councils with larger ones.
    The Commerce Minister convened EPCs, FIEO and Commodity Boards to obtain inputs for the New Foreign Trade Policy, address exporters' operational constraints, promote the proposed NIRVIK credit facilitation scheme, and direct appointment of a DGFT nodal officer to coordinate resolution of exporters labelled as "risky"; Councils were instructed to submit lists and to study non tariff barriers for later bilateral engagement, while EPC rationalization and export diversification toward higher value products were urged.
    December 20, 2019
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    Agri export hub initiative boosts Varanasi supply chain with trial sea shipment and FPO-exporter sourcing arrangements.
    APEDA dispatched a trial sea shipment of fresh vegetables from Varanasi to Dubai while setting up Agri Export Hubs in five Varanasi districts. The programme links FPOs and exporters through an Export Promotion Programme and Buyer-Seller Meet, resulted in an MoU between an exporters' association and four FPOs, and used a Concor cargo facility for processing and packing. APEDA will open a project office in Varanasi and a stakeholder committee will oversee infrastructure, backward linkages, and supply chain development to facilitate exports.
    December 20, 2019
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    Regulatory reform to fast-track patents and reduce litigation enhances trade facilitation and national industry competitiveness.
    The Government advocates continuous industry engagement to develop systemic solutions addressing root causes of business impediments and to strengthen competitiveness through increased investment in innovation. It commits to regulatory reforms and trade support measures, including reducing litigation, fast-tracking patent registration, expediting trade remedial measures, improving the regulatory environment, reviewing Free Trade Agreements, and examining non-tariff barriers that hinder exports.
    December 20, 2019
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    Export target acceleration urged to boost gem and jewellery trade, leverage export credit, skilling, facilities and CSR.
    The Minister urged accelerated achievement of the gem and jewellery export target, promoted use of the NIRVIK export-credit scheme to ease lending and reduce foreign-exchange loan costs, and recommended fuller use of Common Facility Centers for testing and certification while proposing a scheme to mobilise household gold to relieve foreign-exchange pressure. He also advocated establishing jewellery parks, expanding skilling centres for diamond processing, enhancing CSR for the sector's workforce, and recognised industry efforts through awards.
    December 17, 2019
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    Reduce dependence on imported goods: policy push for domestic production and predictable export finance to boost competitiveness.
    Industry should reduce dependence on imported goods and increase domestic production by leveraging government policies to improve competitiveness and participation in global value chains. The Government seeks greater predictability in export finance and schemes and highlights NIRVIK - the Export Credit Insurance Scheme - to address export financing problems. It proposes embedding state representatives in embassies to align state policies with foreign investor engagement and is pursuing targeted market access efforts to diversify export destinations.
    December 16, 2019
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    Insolvency and Bankruptcy reforms expand IBC scope to personal guarantors and streamline corporate resolution processes.
    The Ministry advanced a robust insolvency and bankruptcy institution by enacting the Insolvency and Bankruptcy (Amendment) Bill, issuing rules extending insolvency procedures to Financial Service Providers as an interim framework, and notifying and providing rules to bring personal guarantors of corporate debtors within the IBC; concurrently it implemented corporate law reforms-including decriminalisation of select offences, SPICe integrated incorporation, RUN name reservation, DRR revisions, DVR modifications, Independent Director Databank and dematerialisation of unlisted securities-to expedite resolution, enhance creditor remedies, reduce procedural burdens and deepen market financing options.
    December 14, 2019
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    DFIA transferability remains unchanged; duty free imports permitted only where standard input output norms apply under current policy.
    Under the Duty Free Import Authorisation (DFIA) scheme the transferability provision remains unchanged and DFIA is available only for export products that have an operative Standard Input Output Norms (SION); where a SION has been suspended, the DFIA scheme does not apply to that product.
    December 13, 2019
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    Withdrawal of preferential trade benefits reduces tariff concessions and may alter product-level competitiveness; affected export lines remained stable post-withdrawal.
    Withdrawal of preferential trade benefits under the Generalized System of Preferences by the United States, effective 5 June 2019, removed duty concessions for eligible Indian exports. Product-level impacts vary according to the concessions previously received; however, cumulative exports under affected tariff lines did not decline in June-October 2019 versus the comparable prior-year period. Trade implications are to be addressed through regular bilateral engagement, as stated by the Minister of Commerce and Industry.
    December 13, 2019
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    Trade Balance narrows as imports fall and a services surplus partially cushions the overall external deficit.
    India's trade data for April-November 2019-20 shows combined exports up slightly while imports declined; merchandise exports fell marginally in dollar terms whereas non petroleum and non gems & jewellery exports rose slightly. Imports, including oil and non oil categories, contracted both in November and cumulatively, reducing the merchandise deficit for the month. October services show export and import growth producing a services surplus that partly cushions the overall trade deficit. November services figures are provisional and will be revised upon RBI's release.
    December 13, 2019
    Show AI Summary
    Legislative enactments: fifteen Bills passed and ordinance-replacement measures advanced to support social, administrative and economic reforms.
    Parliament's Winter Session, 2019 sat for 20 sittings and resulted in fifteen Bills passed by both Houses, consideration and passage of two ordinance-replacement Bills, approval of the First Batch of Supplementary Demands for Grants for 2019-20 with the related Appropriation Bill, and reported productivity of approx. 116% for the Lok Sabha and 100% for the Rajya Sabha.
    December 11, 2019
    Show AI Summary
    FTAs for SME exports enable tariff concessions and targeted export support, enhancing market access and competitiveness.
    Free Trade Agreements provide tariff concessions creating export opportunities for SMEs in sectors such as garments, leather, processed foods and engineering components. Specific MSME export supports include international exhibition participation, packaging training, Market Development Assistance and quality awards. The policy framework comprises the Foreign Trade Policy aligning export promotion with national manufacturing and digital initiatives, a logistics division for integrated development, the Trade Infrastructure for Export Scheme, an Agriculture Export Policy, Transport and Marketing Assistance, and an Interest Equalization Scheme on export credit to support labor intensive and MSME exporters.
    December 11, 2019
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    Export categorisation defines free, restricted, and prohibited exports, with restricted shipments requiring DGFT authorization under trade policy.
    Export categorisation under Schedule-2 divides commodities into free, prohibited and restricted. Free exports remain subject to other laws; prohibited items are barred; restricted items require export authorisation from the Directorate General of Foreign Trade. Exports are allowed except as limited by the Foreign Trade Policy 2015-20 or international obligations.
    December 11, 2019
    Show AI Summary
    Logistics digitization to streamline cross-border trade and customs processing through single-window and electronic filing initiatives.
    The National Logistics Policy aims to create an integrated, efficient and sustainable logistics network to reduce logistics costs and boost competitiveness. It prioritises digitisation of customs and trade procedures through a single window trade interface, digital signatures, 24x7 customs clearance for select processes, an import data processing and monitoring system, electronic archival of documents, monitoring dashboards, passenger e filing for baggage, and a port community platform to streamline documentation and processing.
    December 10, 2019
    Show AI Summary
    Export facilitation measures: electronic refund module and NIRVIK scheme to improve exporter credit and procedural transparency.
    Measures to streamline export facilitation include a fully electronic refund module, online filing and issuance of preferential certificates of origin, a consolidated web portal of industrial schemes, and the NIRVIK scheme to enhance loan availability for exporters. MSME exporters are urged to upgrade technology and production to join global value chains, while EEPC India-QCI Quality awards serve as a voluntary quality-recognition mechanism promoting conformity with global standards.
    December 6, 2019
    Show AI Summary
    Logistics policy advances digitized customs and single-window trade facilitation to lower national logistics costs and improve efficiency.
    The National Logistic Policy aims to reduce national logistics costs and strengthen supply chain efficiency by promoting an integrated, sustainable logistics framework and by implementing digitized trade facilitation measures, including a Single Window Interface for Trade, digital signatures, expanded around the clock customs clearance for select consignments, an import data processing system, an electronic document repository, passenger electronic filing for baggage, and a port community platform for port processes.
    December 5, 2019
    Show AI Summary
    Monetary policy: RBI keeps repo rate at 5.15% and maintains accommodative stance to support growth.
    The Monetary Policy Committee kept the policy repo rate at 5.15% and maintained an accommodative stance to revive growth while ensuring inflation remains within the target. The decision reflects a pause given weakened domestic activity, elevated food-driven CPI inflation, surplus liquidity managed via longer-term reverse repo operations, and partially effective monetary transmission. CPI inflation projections were revised up for H2:2019-20 and GDP growth was revised down to 5.0% for 2019-20, with continued monitoring of incoming data and policy transmission measures.
    December 4, 2019
    Show AI Summary
    Trade facilitation through BRICS cooperation enhances mechanisms to reduce technical barriers and strengthen trade and investment ties.
    Sustained institutional engagement among BRICS operates through mechanisms to facilitate trade and investment, including the New Development Bank, a Memorandum of Understanding among Trade and Investment Promotion Agencies to foster collaboration, and a voluntary Working Mechanism on Technical Regulations, Standards, Metrology and Conformity Assessment Procedures aimed at identifying and eliminating technical barriers, supported by Joint Commission Meetings and Joint Trade Committees addressing market access and non tariff measures.
    December 4, 2019
    Show AI Summary
    Anti-dumping investigations under the Customs Tariff Act create measures to counter dumping and protect domestic industry.
    DGTR initiates anti-dumping investigations under the Customs Tariff Act, 1975 on the basis of a duly substantiated application alleging dumping that causes injury, with the objective of eliminating injury and restoring a level playing field; reported revenue from anti-dumping duties is listed for four years. DGTR also conducts safeguard investigations under the same Act based on a substantiated application, applying the criteria of increased imports, serious injury or threat thereof, and a causal link between imports and injury.

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      Customs, DGFT & SEZ

      Winter Session of Parliament concludes

      December 13, 2019

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      Winter Session of Parliament concludes

      15 Bills passed in both the Houses; Lok Sabha productivity 116% Rajya Sabha 100%

      The Winter Session, 2019 of Parliament which commenced on Monday, the 18th November, 2019 concluded today. The Session provided 20 sittings spread over a period of 26 days.

      During the Session, 18 Bills were introduced in the Lok Sabha. The Lok Sabha passed 14 Bills while the Rajya Sabha passed 15 Bills during the session.  15 Bills were passed by both the Houses of Parliament and would become Acts of Parliament.  A list containing the titles of the Bills introduced, considered and passed during the Session is annexed.

      The productivity of Lok Sabha was approx. 116% and that of Rajya Sabha was approx. 100%.

      During the Session, First Batch of Supplementary Demands for Grants for 2019-20 were discussed and approved along with the related Appropriation Bill in the both the Houses.

      Two Bills replacing the Ordinances, namely, (i) the Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019 and (ii) the Taxation Laws (Amendment) Ordinance, 2019 which were promulgated by the President, were also considered and passed by both the Houses. 

      Some important Bills passed by Houses of Parliament are as under:-

      • Social and Justice and Reforms – Certain Bills to further strengthen Social and Gender justice system in India were passed during this Session. The Transgender Persons (Protection of Rights) Bill, 2019 defines a transgender person and provides for protection of rights of Transgender persons and their welfare. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019 intends to prohibit the Production, manufacture, import, export, transport, sale, distribution, storage and advertisement of e-cigarettes and like devices, considering the highly addictive nature of nicotine.  This legislation will go a long way in achieving the targets envisaged under sustainable Development Goals, National Monitoring Framework for Prevention and Control of Non-communicable Diseases and National Health Policy, 2017. The Citizenship (Amendment) Bill, 2019 will  make refugees who are Hindus, Sikhs, Buddhists, Jains, Parsis and Christians from Afghanistan, Bangladesh and Pakistan, eligible for citizenship which will entitle them to a dignified life in India. The Arms Act (Amendment) Bill, 2019 will effectively curb crimes related to or committed by using illegal firearms and will provide effective deterrence against violation of law.
      • Administrative Sector Reforms – With a view to recognise the property rights of residents of certain unauthorised colonies in the National Capital Territory of Delhi, the government has enacted  National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019 which will address an important need of the residents.  With the Special Protection Group (Amendment) Bill, 2019 , SPG will now  provide security to the Prime Minister, and members of his immediate family residing with him at his official residence. It will also provide security to any former Prime Ministers, and his immediate family members residing with him at the residence allotted to him  for a period of five years from the date on which he ceases to hold the office of Prime Minister. The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019 aims to retain the inclusive character as envisioned by the founding fathers of the Constitution by continuing the reservation of seats for the Scheduled Castes and the Scheduled Tribes for another ten years ie. upto 25th January, 2030.
      • Economic Sector/Ease of doing Business measures –Some important legislations to address the economic sentiment in the country were passed during the current session.  The Taxation Laws (Amendment) Bill, 2019 will encourage fresh investment, stimulate growth, create fresh job opportunity in the economy, stabilize the Capital Market and increase inflow of money in to Capital market. The Chit Funds (Amendment) Bill, 2019 will facilitate orderly growth of the Chit Funds sector, thereby facilitating greater financial access of people to other financial products. The International Financial Services Centres Authority Bill, 2019 will establish the International Financial Services Centre Authority to regulate and develop a market for financial services in International Financial Services Centres in India.  

      Four old pending Bills namely the Indian Medical Council (Amendment) Bill, 1987, the National Commission for Human Resources for Health Bill, 2011, the Indian Medical Council (Amendment) Bill, 2013 and the International Financial Services Centres Authority Bill, 2019 were withdrawn in the Rajya Sabha.

      In the Lok Sabha, 2 Short Duration Discussions under Rule 193 were held on “air pollution and climate change which was replied to by Minister of Environment, Forest & Climate Change, and “on crop loss due to various reasons and its impact on farmers” which was replied to by Minister of Agriculture and Farmers Welfare.

      In the Rajya Sabha a Special discussion on 'The Role of Rajya Sabha in Indian polity and the way forward’ was held.  One discussion under rule 176 was held on the economic situation in the country. Also three calling attention motions on ‘Situation arising out of the dangerous levels of air pollution in the country, particularly in Delhi’, ‘Reported use of spyware Pegasus to compromise phone data of some persons through WhatsApp’ and “Need for completion of National Irrigation Projects to tackle emerging water crisis and to transfer 'Water' to Concurrent List from State List” were also taken up in the Rajya Sabha.

      A special function was held in the Central Hall of Parliament on 26th November, 2019 for Members of both Houses of Parliament to commemorate the 70 years of adoption of the Constitution. On the occasion The President, Vice-President, Prime Minister, Speaker and Minister of Parliamentary Affairs addressed the gathering. Among other things a Web-Portal of National Youth Parliament Scheme to bring all the educational institutions of the country under the ambit of the Youth Parliament Programme was launched by the President.

      The extra ordinary output of this Session has become possible due to tireless efforts of all agencies and individuals involved in the transaction of Business before two Houses of Parliament.

      LEGISLATIVE BUSINESS TRANSACTED DURING SECOND SESSION OF SEVENTEENTH LOK SABHA AND 250TH SESSION OF RAJYA SABHA (WINTER SESSION, 2019)

       I - BILLS INTRODUCED IN LOK SABHA

      1. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019
      2. The Taxation Laws (Amendment) Bill, 2019
      3. The International Financial Services Centres Authority Bill, 2019
      4. The Recycling of Ships Bill, 2019
      5. The Special Protection Group (Amendment) Bill, 2019
      6. The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019
      7. The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill, 2019
      8. The Industrial Relations Code Bill, 2019
      9. The Arms (Amendment) Bill, 2019
      10. The Appropriation (No.3) Bill, 2019
      11. The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019
      12. The Citizenship (Amendment) Bill, 2019
      13. The Anti Maritime Piracy Bill, 2019
      14. The Central Sanskrit University Bill, 2019.
      15. The Personal Data Protection Bill, 2019
      16. The Code on Social Security, 2019.
      17. The Maintenance & Welfare of Parents & Senior Citizens (Amendment) Bill, 2019.
      18. The Insolvency & Bankruptcy Code (Second Amendment) Bill, 2019.

      II -BILLS PASSED BY LOK SABHA

      1. The Chit Funds (Amendment) Bill, 2019
      2. The National Institute of Design (Amendment) Bill, 2019
      3. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019
      4. The Special Protection Group (Amendment) Bill, 2019
      5. The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill, 2019
      6. The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019
      7. The Taxation Laws (Amendment) Bill, 2019
      8. The Recycling of Ships Bill, 2019
      9. The Appropriation (No.3) Bill, 2019
      10. The Arms (Amendment) Bill, 2019
      11. The Citizenship (Amendment) Bill, 2019
      12. The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019
      13. The International Financial Services Centres Authority Bill, 2019
      14. The Central Sanskrit University Bill, 2019.

      III - BILLS PASSED BY RAJYA SABHA

      1. The Jallianwala Bagh National Memorial (Amendment) Bill, 2019
      2. The Transgender Persons (Protection of Rights) Bill, 2019
      3. The Chit Funds (Amendment) Bill, 2019
      4. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019
      5. The Special Protection Group (Amendment) Bill, 2019
      6. The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill, 2019
      7. The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019
      8. The Taxation Laws (Amendment) Bill, 2019
      9. The Recycling of Ships Bill, 2019
      10. The Arms (Amendment) Bill, 2019
      11. The Citizenship (Amendment) Bill, 2019
      12. The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019
      13. The Constitution (Scheduled Tribes) Order (Second Amendment) Bill, 2019.
      14. The International Financial Services Centres Authority Bill, 2019
      15. The Appropriation (No.3) Bill, 2019

      IV-BILLS PASSED BY BOTH HOUSES

      1. The Jallianwala Bagh National Memorial (Amendment) Bill, 2019
      2. The Transgender Persons (Protection of Rights) Bill, 2019
      3. The Chit Funds (Amendment) Bill, 2019
      4. The National Institute of Design (Amendment) Bill, 2019
      5. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019
      6. The Special Protection Group (Amendment) Bill, 2019
      7. The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill, 2019
      8. The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019
      9. The Taxation Laws (Amendment) Bill, 2019
      10. The Recycling of Ships Bill, 2019
      11. The Arms (Amendment) Bill, 2019
      12. The Citizenship (Amendment) Bill, 2019
      13. The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019
      14. The International Financial Services Centres Authority Bill, 2019
      15. The Appropriation (No.3) Bill, 2019

      V – BILLS WITHDRAWN

      1. The Indian Medical Council (Amendment) Bill, 1987
      2. The National Commission for Human Resources for Health Bill, 2011
      3. The Indian Medical Council (Amendment) Bill, 2013
      4. The International Financial Services Centres Authority Bill, 2019

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