Table of contents | |
NaviC System | |
RoDTEP Scheme | |
Rashtriya Gram Swaraj Abhiyan | |
ODOP Initiative |
Why in News?
The Centre informed that the usage of Indian Regional Navigation Satellite System (NaviC system) has increased in India.
Why in News?
Taking a major step to boost exports, Centre further expanded the scope of RoDTEP Scheme (Remission of Duties and Taxes on Exported Products) by including the exports made from the Chemical sector, Pharmaceuticals sector and exports of articles of iron & steel
Need for the RoDTEP Scheme
The US had challenged India’s key export subsidy schemes in the WTO (World Trade Organisation), claiming them to harm the American workers. A dispute panel in the WTO ruled against India, stating that the export subsidy programmes that were provided by the Government of India violated the provisions of the trade body’s norms. The panel further recommended that the export subsidy programmes be withdrawn. This led to the birth of the RoDTEP Scheme, so as to ensure that India stays WTO-compliant.
The following were some of the export subsidy programmes recommended to be withdrawn
Automated system of credit
Quick verification through digitisation
Multi-sector scheme
Why in News?
Under the Rashtriya Gram Swaraj Abhiyan scheme, Rs 1,538.32 crore has been released to States/ UTs during the last three years
Objectives
Financial implications
No. of beneficiaries
Why in News?
ODOP initiative is operationally merged with ‘Districts as Export Hub (DEH)’ initiative of the DGFT, Department of Commerce, with the Department for Promotion of Industry and Internal Trade (DPIIT) as a major stakeholder.
Objectives of the scheme
1. What is the NaviC System? |
2. What is the RoDTEP Scheme? |
3. What is the Rashtriya Gram Swaraj Abhiyan? |
4. What is the ODOP Initiative? |
5. What does PIB stand for in the article? |
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