(Video) Rajya Sabha TV (RSTV) The Big Picture: Import Monitoring Mechanism

Topic: Import Monitoring Mechanism

Guest:

Subhash Chandra Pandey, (Former Advisor, Ministry of Commerce and Industry, GoI)
D. K. Aggarwal, (President, PHD Chamber of Commerce & Industry)
Jayant Dasgupta, (Former Ambassador at WTO)

Topic Description:

Media reports over the last few days have been reporting that the government is planning to raise non-tariff barriers on a number of products by putting in place product-specific monitoring systems or by allowing them only through licensing by adding them to the restricted list. Financial dailies have been reporting that various ministries including commerce, finance, along with line ministries are discussing the plan and a series of meetings are taking place in view of Prime Minister Narendra Modi's call for Atmanirbhar Bharat which would mean reduce import dependency and boost local manufacturing.