National Economic Events in March 2000

India Sri Lanka Free Trade Agreement comes into force on March 1.

National Innovation Foundation constituted with an initial corpus of Rs. 20 crores, headquartered in Ahmedabad.

Notification conferring industry status on construction sector issued.

Tatas and Birlas to set up for the first time a joint venture in the cellular phone business along with AT&T of the US.

Government notifies lifting of 30-year old ban on futures trading to pave the way for derivatives trading.

U.S. President Mr. Bill Clinton on visit to India announces lifting of sanction on Financial Institutions Reforms and Expansion (FIRE) project.

Exim policy proposes far-reaching changes including setting up of special economic zones and extension of EPCG scheme to all merchandise sectors and all capital goods on payment of five per cent duty.