Union Cabinet approved the RoDTEP scheme, which is set to replace MEIS (Merchandise Export Incentive Scheme). What does R stand for, in the new RoDTEP scheme?

Daily Current Affairs

Remission

Reception

Remuneration

Reduction

Correct Answer : Remission

The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP). It is a scheme for exporters to reimburse taxes and duties paid, like value added tax, coal cess and electricity duties which are not exempted or refunded under existing mechanism.

Last year, the RoDTEP scheme was announced by the Finance Minister Nirmala Sitharaman at an estimated cost of Rs 50,000 crore, to incentivise exporters. It will replace the Merchandise Export from India Scheme (MEIS) which will be phased out.

Published On : July 16, 2021

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Q .

Where was India's largest Climate Clock unveiled for the Earth Day celebration?

Mumbai

New Delhi

Kolkata

Bangalore

Correct Answer : Option (B) - New Delhi

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Q .

When is the World Book and Copyright Day observed every year?

24th April

23rd April

22nd April

21st April

Correct Answer : Option (B) - 23rd April

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Q .

Volcano Mount Erebus was in news recently, in which continent is it located?

Antarctica

Asia

Europe

North America

Correct Answer : Option (A) - Antarctica

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Published On : April 23, 2024

World Book And Copyright Day 2024 Theme :