The general election results are in and the Modi-led government is now expected to shift its focus on governance. CNBC-TV18’s Rituparna Bhuyan‏ get you an in-depth analysis of what is on the agenda in terms of foreign trade.

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Sources told CNBC-TV18 that the norms related to foreign direct investment in defence will be further relaxed. As of now up to 49 percent is through automatic route beyond 49 percent government permissions is needed. The focus will be on easing and giving more clarity on ambiguous terms that is currently there in defence FDI.

Here are the other top agendas:

> Draft policy for e-commerce is ready and will be sent to the Cabinet.

> New Industrial Policy will be sent to new Cabinet for approval

> New Industrial Policy may lead to offsets for big public sector purchases

> Export incentive schemes like MEIS to be discontinued

> New WTO-compatible export incentive scheme to be put in place

> New department on logistics under Commerce Ministry

> New department on logistics will steer policies on multi-modal logistics

> New policy push planned for promoting start-ups

> Some start-up taxation issues may be brought under the Income Tax Act

First Published:May 24, 2019 3:17 PM IST