ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Balance of Payments Problem-Selective Measures Hold the Key

Selective Measures Hold the Key THE director general of international trade is presently busy formulating the new import-export policy to be effective from April 1992. Statements by those in the know of things have given some indication of the changes in the offing. It seems quite likely that further liberalisation of the licensing regime is on the cards. Reduction of the-import lists to only two lists, namely, restricted and OGL from the present five is one of the steps being contemplated. The liberalisation will be preceded by a substantial reduction in customs duties in the 1992-93 budget.

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