FTP on April 7

By Vijay Kumar

The government will announce the annual supplement of Foreign Trade Policy on April 7 instead of March 30 as decided earlier. The Commerce Minister will announce the annual review for the FTP 2004-09. The government may announce a new export incentive scheme which would focus on specific products and markets to accelerate export growth. Ways to neutralise incidence of service tax on exporters is also under consideration. The scope of Vishesh Krishi Upaj Yojna is likely to be enlarged.