Current Affairs - Persons - Discussion

The Minister of Commerce and Industry, Shri Suresh Prabhu released the Mid-term Review of the Foreign Trade Policy (FTP) 2015-20 in New Delhi. The FTP will focus on exports from labour intensive and MSME sectors by way of increased incentives in order to increase employment opportunities. Export incentives under Merchandise Exports from India (MEIS) have been increased by 2 percent across the board for labour intensive MSME sectors leading to additional annual incentive of Rs. 4,567 crore. Further, incentives under Services Exports from India Scheme (SEIS) have also been increases by 2% leading to additional annual incentive of Rs. 1,140 crore.