UPSC Economy notes

ADVANCE AUTHORISATION SCHEME & NEW GOLD IMPORT RULES EXPLAINED

The Advance Authorisation Scheme allows duty-free imports of essential inputs for export production. Recently, the government capped duty-free gold imports at 100 kg per licence to curb domestic diversion, implementing strict compliance checks, mandatory physical inspections, and prior export obligations.

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ANNUAL SURVEY OF INCORPORATED SERVICES SECTOR ENTERPRISES (ASISSE)

The National Statistical Office (NSO) launched ASISSE to bridge data gaps in the formal services sector using GSTN-backed information. This tech-driven survey enhances GDP calculation precision and evidence-based policy, marking a monumental step toward data-driven governance and modernising the Indian economy.

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