Foreign Trade

Arunachal Pradesh Trade and Commerce

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Arunachal Pradesh Trade and Commerce

  • Arunachal Pradesh is situated in the north eastern most part of India and is nearly 84,000 Sq. Km in area. It has a long international boundary with Bhutan to the west (160 Km), China to the North East (1080 Km) and Myanmar to the East (440 Km) stretching 1,680 Kms of international border.
  • The Department of Trade & Commerce was created and caArunachal Pradesh Trade and Commerceme into being in the state of Arunachal Pradesh during 1998.The main functions of the Department as per the Business of Allocation notified by the Govt. of Arunachal Pradesh are as under:
  1. Issue of Trade License.
  2. Facilities to Border Trade & Foreign Trade.
  3. Development and expansion of export production particular in plantation of crops, orchids, flowers and Handlooms and Handicrafts.
  4. Creation of Export commodities including Export Processing Zones etc

Activities of the Department by Department of Trade and Commerce Arunachal Pradesh

  • The Department of Trade & Commerce is the Nodal Department for issue of Trade Licences.
  • All the respective Deputy Commissioners/ ADCs of the Districts have been empowered to issue Trade Licences up to Rs. 10 lakhs.
  • Trade Licences involving more than Rs. 10 lakhs are also issued by the respective DCs after thorough examination by the Department of Trade & Commerce and subsequent approval of the Government.
  • Normally, Trade Licences are issued to Arunachal Pradesh Scheduled Tribe (APST) entrepreneurs only.
  • However, in exceptional cases where there is no APST entrepreneurs forth coming, Non-Tribals are also issued Trading licences with the approval of the Government subject to dully recommended by the respective DCs as a special case.
  • Moreover, trade licences can also be issued to industrial unit established by other than APST as per Arunachal Pradesh State Industrial Policy 2008

Facilities to Border Trade and Foreign Trade

  • By the advent of globalization and economic liberalization, The Government of India has given more emphasis on the development of Border Trade & Foreign Trade with the neighbouring countries for the overall economic development of the state in particular and country in general.
  • As a consequence, the Government of Arunachal Pradesh has taken up some ambitious proposals for re-opening of border trade with the neighbouring countries i.e. Bhutan, Myanmar & China.
  • In the past, the people of the state residing in the border areas had been maintaining trade relations with the neighboring countries though in traditional and unregulated manner.
  • People inhabiting in the border areas with Bhutan and Myanmar have been maintaining unregulated trade relation till today though trade relation with China was discontinued after Sino-Indian conflict in 1962.
  • The Government of Arunachal Pradesh has identified the following border trade points and further development of infrastructure is under active process in Indo-Myanmar and Indo-Bhutan sector.

BORDER TRADE

  • The Government of Arunachal Pradesh is presently planning to open a new horizon by opening Border Trade with our neighbouring countries, viz., China, Bhutan and Myanmar.
  • In most of the places, traditional way of trade is existing but Government is preparing proposals to create proper infrastructure for formal trade.
  • Border Trade in following sectors is being proposed:

Indo-China Sector

  1. Kenzamane (Zemithang) in Tawang District
  2. Bumla in Tawang District .
  3. Gelling (Kepangla Pass) in Upper Siang District
  4. Kibithoo in Anjaw District
  5. Mechuka (Lolla Pass) in West Siang District.
  6. Monigong (Dumla Pass) in West Siang District
  7. Taksing in Upper Subansiri District.

Indo-Myanmar Sector

  1. Pangsu Pass (Nampong) in Changlang District

Indo-Bhutan Sector

  1. Bleting (Namtsering) in Tawang District
  2. Dongshengmang and Bongkhar in Tawang District

Various scheme for Trade Development

Export Development Fund (EDF)

  • Following the announcement of the Prime Minister on June, 21-22, 2000 at Shillong, an Export Development of Fund (EDF) has been set up for promotion of the export development in the North Eastern Region including Sikkim.
  • The fund was set up initially with a corpus of Rs 5 crores and thereafter further contribution to the fund is to be provided by the Ministry of Commerce & Industry from any other budgetary or non budgetary sources of the government which is to be managed by the Agriculture & Processed Food Products Export Development Authority (APEDA) under the instruction of the Department of Commerce.

Central Assistance to States for Developing Export Infrastructure and Other Allied Activities (ASIDE)

  • The Ministry of Commerce, Govt. of India is implementing a central scheme, ‘Central Assistance to States for Developing Export Infrastructure and Other Allied Activities’ (ASIDE) for promotion and facilitation of export commodities and creation of necessary infrastructure in the state in order to maintain lower cost of production so as to make our exports internationally competitive.
  • The objective of the scheme is to involve the state in the export effort by providing assistance to the state government for creating appropriate infrastructure for the development and growth of exports as the states do not often have adequate resources to participate in funding of infrastructure for exports.

Setting up of World Trade Centre (WTC) in Itanagar

  • The World Trade Centre, Mumbai (WTCM) which is the lone Centre in entire Country is very much interested to set up one more such centre in the state of Arunachal Pradesh at Itanagar in view of the high potentiality of Border Trade scope in the region in tune with “Look East Policy” of the Central Government.
  • The W.T.C can facilitate in numerous ways, such as, holding of business exhibitions, Business centre with rooms for holding meetings, conferences, workshops, video conferencing, W.T.C club, undertaking research studies and dissemination of information through on-line, periodicals, training in foreign languages and taking and receiving trade missions.
  • Moreover the WTC can be a catalyst for all round development of the region, such as, renewal of urban areas, attraction of new business in the region, boosting of airport and air traffic and enhancing the trade capabilities of the trading community of the region

 

04-05.02.18 Arunachal Pradesh(APPSC) Current Affairs

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NORTH-EASTERN STATES

  • Arunachal Pradesh nods to much awaited Advertisement Policy 2018

 

  • Arunachal Pradeshgave a nod to much awaited “Arunachal Pradesh Advertisement Policy 2018.” State Cabinet headed by Chief Minister Pema Khandu approved Arunachal Pradesh Advertisement Policy 2018 which will enable the government to make payment of government advertisement bills to media houses on a timely basis.
  • In another decision, the Cabinet approved the release of gratuitous relief of Rs 2,000 for all contingency and casual workers serving under Arunachal Government.
  • Apart from approving the creation of 25 posts of Assistant Professors for government colleges of the state under Rashtriya Uchchatar Shiksha Abhiyan (RUSA), the Cabinet also approved enhancement of salary of teachers working under SSA and RMSA on contractual basis up to 22% with effect from April 1, 2018.
  • The Cabinet directed the education department to ensure that salaries are disbursed by the first week of the subsequent month through the Aadhaar-based DBT through PFMS method. 

    INTERNATIONAL

     

    • World Cancer Day: 4 February

     

    • World Cancer Day is an international day marked on February 4 to raise awareness of cancer and to encourage its prevention, detection, and treatment.

     

    • World Cancer Day was founded by the Union for International Cancer Control (UICC) to support the goals of the World Cancer Declaration, written in 2008.

     

    • The primary goal of the World Cancer Day is to significantly reduce illness and death caused by cancer by 2020.

     

    • The theme for the World Cancer Day 2016-2018 is ‘We can. I can.’

     

    • Nepal gets a high Rs. 650 crore outlay

     

    • India’s annual financial allocation to Nepal for 2018-19 has nearly doubled under the Union Budget presented on February 1.

     

    • The External Affairs Ministry has been allocated a total Rs. 15,011 crore, which indicates a marginal increase of Rs. 1,321 crore over the previous year’s grant.

     

    • For India’s development and diplomatic engagement under the ‘Neighbourhood First’ policy, the Budget has allocated Rs. 5545 crore.

     

    • Bhutan is traditionally the largest recipient of Ministry’s allocation.

     

     

    NATIONAL

     

    • Venkaiah Naidu to Inaugurate First International Kala Mela

     

    • The Vice President of India Shri M. Venkaiah Naidu will inaugurate the First International Kala Mela in New Delhi on February 4.
    • The Minister of State for Culture (Independent Charge) and Environment, Forest and Climate Change, Dr. Mahesh Sharma will also grace the occasion.

     

    • Lalit Kala Akademi, the premier institution for the promotion of Art and Culture is organizing it at Indira Gandhi National Centre for the Arts, New Delhi (IGNCA).

     

    • Environment Ministry launches ‘Green Good Deeds’ campaign

     

    • Environment Minister Dr Harsh Vardhan has appealed to the teaching community to join the “Green Good Deeds” campaign, launched by his Ministry to sensitise the people about climate change and global warming.

     

    • The Minister reminded the teachers of their “Green Social Responsibility similar to corporate Social Responsibility (CSR).

     

    • CRISIL, SIDBI Launch India’s First MSE Sentiment Index

     

    • The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI.

     

    • CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive) .

     

    • The parametric feedback was captured through a survey of 1100 MSEs in November –December.

     

    • CriSidEx will have 2 indices , one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey , providing independent time series data.

     

    • The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies and by capturing the sentiment of exporters and importers , it will also offer actionable indicators on foreign trade.

     

    • India’s biggest floating island released in Neknampur lake

     

    • On the occasion of World Wetland Day, city-based NGO Dhruvansh has introduced biggest floating island of India at Neknampur Lake, Hyderabad.
    • The duo of Dhruvansh NGO, Madhulika and Neeraj Singh started Neknampur restoration programme in June 2016 adopting various cost effective methodologies to clean the lake.
    • After successful introduction of 10×10 feet floating islands last year, the NGO introduced 2,500 square feet floating island with 3,500 wetland plants floating on this platform.

     

    • “A Century is Not Enough”: Autobiography of Sourav Ganguly

     

    • Former Team India captain Sourav Ganguly’s autobiography is soon-to-be-published and it is named “A Century is Not Enough”.

    • The book is co-authored by Gautam Bhattacharya and published by Juggernaut Books.

     

    • The book covers the ups and downs in more than a decade long career of the former Indian captain fondly called ‘Dada’.

     

    ·        Railways Ministry may introduce dynamic pricing system

     

    • The Railways Ministrythe current flex-fare system and is considering introducing a dynamic pricing system for train tickets, Railway Minister Piyush Goyal has said. Under dynamic pricing system, fares will be decided as per the season and demand.

     

    • The Fares will be automatically adjusted via artificial intelligence, algorithms or technology, to help trains have more occupancy.

    ·        India Lifts U-19 World Cup 2018

     

    • India defeated Australia to lift the Under 19 World cup for the fourth time.
    • The Men in Blue defeated the three-time champions Australia at Bay Oval, New Zealand.

     

    • Manjot Kalra scored a sensational unbeaten century and was named Man of the Match.

     

    • Shubman Gill was declared man of the series.