With the Foreign Trade Policy (FTP) 2014-19 all set to expire March 31, 2014, the government is may yet again miss the deadline. The policy, which was last set to expire in March last year was extended by a year as the government did not announce a new FTP. The new policy had been expected to be put in place quickly after the Narendra Modi government came to power in May 2014. But the finance ministry’s reluctance to give sizeable funds for export sops forced the commerce ministry to delay it to the next fiscal year.
However, Commerce and Industry Minister Nirmala Sitharaman expressed hopes of coming up with the policy soon. She also dismissed claims of exports falling substantially on account of delay in putting up new FTP. Justifying this she said that exports suffered even when the FTP was explicit and was there in place between 2009 and 2014. Further, the Minister in an attempt to reason out the delay in FTP said that the new five-year FTP with a ‘Make in India’ focus needed comprehensive deliberations on various sectors and exporting destinations.
She underlined that the new policy had to be out-of-the-box and was expected to support India’s exports, which could be done by assessing various sectors and their capability and new and traditional markets of the world.
Further, Commerce Minister pointed that the FTP would not lay emphasis on subsidies and incentives to exporters and would rather make it easier for them to do business. She highlighted that her ministry has already reduced the number of mandatory documents required for import and export of goods to three in each case from close to a dozen at present.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
