Centre Accords ‘AEO’ Status to Gem & Jewellery Sector
Centre Accords ‘AEO’ Status to Gem & Jewellery Sector : UPSC Mains General Studies Paper 3: Current Affairs in Economy Watch
On 26th April, 2024, the Centre assigned the Authorised Economic Operator (AEO) status to the gem and jewellery sector.
What is the Reason behind Inclusion?
- Inclusion of the industry under AEO comes when export of gems and jewellery last fiscal declined 14 per cent to $32.28 billion against $37.74 billion logged in the same period last year due to weak demand.
Impact
- This significant step will help enhancing the sector's competitiveness and facilitate smoother international trade operations, leading to holistic growth of the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 RBI's Guidelines for Voluntary Transition of SFBs to Universal Banks
- 2 Private Credit
- 3 Multilateral Development Banks
- 4 RBI Guidelines for Asset Reconstruction Companies
- 5 IREDA Accorded ‘Navratna' Status
- 6 Safeguard Measures under World Trade Organization
- 7 India's First Multi-Purpose Green Hydrogen Project
- 8 NIIF Invests $200 Million in iBUS for Expansion of Digital Infrastructure
- 9 MoRTH Raises Fund via Asset Monetisation
- 10 TRAI Recommendations on Telecommunication Infrastructure
