Current Affairs PDF

Government Constitutes the Board of Trade

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

The government has reconstituted the Board of trade headed by the commerce minister.

Flash points

  • Board of Trade- It is a advisory body consisting of representatives from Industries headed by the Commerce Ministercommerce minister
  • The board is reconstituted as per the provisions of Foreign Trade Policy Statement 2015-2020
  • The first meeting will be held on April,6

Functions of the board

  • Objective- To have continuous discussion and consultation with trade and industry
  • It should advise the government on policy measures related to foreign trade policy including preparation and implementation of both short- and long-term plans for increasing exports
  • The board has to review the export performance of various sectors, identify constraints and suggest industry-specific measures to optimise export earnings
  • The move was taken following the consecutive fall in the India’s exports for the 15th month
  • Exports fell 6% in February from a year ago to $20.73 billion

Key points

  • Union Minister of Commerce– Nirmala Sitaraman