The new Foreign Trade Policy (FTP), sched-uled to be announced at the end of this month, is expected to focus on enhancing the ease of doing exports from India, industry body PHD Chamber of Commerce and Industry said on Friday.
The upcoming FTP is expected to be the key to defining the strategy for India to capture a significant share in the world economic system amid the changing global supply-chains, trade and investment dynamics, said Pradeep Multani, President, PHD Chamber of Commerce and Industry. At this juncture, we expect the New Foreign Trade Policy to ease exports-centric trade with enhanced trade facilitation measures by the Government, he said.
This story is from the September 24, 2022 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the September 24, 2022 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
ASSUMPTION AGREEMENT: First Citizens to acquire failed Silicon Valley Bank
The Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley Bridge Bank by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
TO ACHIEVE SELF-RELIANCE: All measures being taken to boost coal production
Government has initiated several steps to ramp up domestic coal production in the country in order to achieve self-reliance to meet the demand from all sectors. Some of the major initiatives undertaken include Single Window Clearance, amendment of Mines and Minerals (Development and Regulation) Act, 1957 to allow captive mines to sell up to 50 per cent of their annual production after meeting the requirement of the end use plants, production through MDO mode, increasing use of mass production technologies, new projects and expansion of existing projects, and auction of coal blocks to private companies/PSUS. 100 per cent Foreign Direct Investment has also been allowed for commercial mining.
MUTUAL FUND NORMS: AMCs open subscription for international schemes
Several asset management companies (AMCs) have opened up subscription for international schemes to maximise inflows ahead of new taxation rules for debt mutual funds kicking in from April 1.
Pak contemplates SCO participation in India
Pakistan has begun in-house consultations to decide whether to attend the Shanghai Cooperation Organisation (SCO) meetings of the defence and foreign ministers in India since New Delhi has already extended invitations to Defense Minister Khawaja Asif and Foreign Minister Bilawal Bhutto-Zardari, Tribune reported.
AMID SPIKE IN PRICES: Panel to monitor Tur stock disclosure
The Centre has constituted a committee under the chairmanship of Nidhi Khare, Addi-tional Secretary in the Department of Consumer Affairs, to monitor the stock of Tur held by entities such as importers, millers, stockists and traders in close coordination with the state governments.
FINANCIAL PRESSURE Oyo to cut IPO size amid tech headwinds
OYO Hotels is offloading the shares it aims to sell by way of a stockmarket debut, in an attempt to complete the sale even as its founder downgraded technical valuations.
RAGA GETS NOTICE TO VACATE GOVT BUNGALOW IN DELHI
The disqualified MP has been given a period of 30 days to vacate the premises to avoid eviction
TAXATION: DIVIDEND-PAYING STOCKS, BONUS SHARES, AND BUYBACK OF SHARES
An intermediate or final dividend is an extra income earned by a stock market investor that does not need the sale of portfolio shares
BULLISH ON INDIAN MARKET - CONTINUING TO INVEST VIA PARTNERS: COCA-COLA PREZ
India's rapid progress in infrastructure, electrification and digitisation goes a long way in the growth of economy: Murphy
FOR NEXT 5 YEARS AAI TARGETS CAPITAL OUTLAY OF RS 98K CR FOR AIRPORTS
Rs 60k cr allocated for development of airports and Rs 38k cr has been allocated for establishment of new Greenfield airports
