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News digest: Foreign Trade Policy, loan defaults, LPG subsidy, and more

From more incentives to boost labour intensive merchandise under Foreign Trade Policy to Google launching India centric products, BS brings you up to speed with latest news

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BS Web Team New Delhi
Foreign Trade Policy: More incentives for exports, focus on ease of trading

Commerce Minister Suresh Prabhu on Tuesday unveiled more incentives to boost labour-intensive and employment-oriented merchandise and services exports while releasing the much-awaited mid-term review of the Foreign Trade Policy 2015-20. The annual incentive increased by 33.8 per cent or Rs 8,450 crore. Read more

Onus on rating agencies to reveal loan defaults

In a substantial dilution of its earlier stand that listed companies should make public any loan default within 24 hours of missing the repayment obligation, the Securities and Exchange Board of India