Govt broadens merchandise exports scheme support
The government has broadened the ambit of its Merchandise Exports from India Scheme (MEIS) to include 5,012 goods to avail the scheme's benefits for global coverage from May 4. Earlier, 2,787 products were eligible for MEIS benefits only for shipment to specified regions. The government's annual losses owing to the incentive increase are reportedly expected to rise by ₹1,000 crore.