1.Whole Sale Price Index
The WPI measures the price of a representative basket of wholesale goods. In India, this basket is composed of three groups: Primary Articles (20.1% of total weight), Fuel and Power (14.9%) and Manufactured Products (65%).
WPI numbers are typically measured weekly by Dept of Industrial policy and promotion - Ministry of Commerce and Industry.
Base year to calculate WPI – 2004-05.
2.Special Economic Zone
The prime objective was to enhance
foreign investment and provide an internationally competitive and hassle free
environment for exports. The idea was to promote exports from the country. SEZ
has following featuers:
1.
No license required for import.
2.
Manufacturing, trading or service
activities allowed.
3.
SEZ units to be positive net foreign
exchange earner within three years.
4.
Domestic sales subject to full
customs duty and import policy in force.
5.
Full freedom for subcontracting.
6.
Duty-free goods to be utilized over
the approval period of 5 years.
7.
No routine examination by customs
authorities of export/import cargo.
3.”Self
Selection “ in WTO
There
is no agreed definition of what is a “developed” or a “developing” Member in
the WTO. It is up to each Member to decide if it is to be considered
“developing Member” or not. This is known as self selection. However, other
Members can challenge the decision of a Member to be considered as a developing
Member.
Mam in WTO each member have equal voting right..WTO rules are same for developing and developed members...so as per this consideration self selection issue considerable or not?
ReplyDeletePeace clause like benefits for developing countries....so it is imp...
Deletethanku
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