India’s new Foreign Trade Policy 2023 will be a dynamic one with no end-date announced. We discuss the key changes to boost export commerce.
India’s exports reached a historic high of US$750 billion – a phenomenal 35 percent increase from US$500 billion recorded in FY 2020–2021.
India will announce its new Foreign Trade Policy (2023-2028) on March 31, Friday, as its previous policy lapses after multiple extensions.
Failure to link PAN and Aadhaar by June 30, 2023 will render PAN inoperative, limiting taxpayers from important financial activities such as filing tax returns, using banking services, and conducting stock market transactions.
Tamil Nadu recently launched its highly focused Logistics Policy and Integrated Logistics Plan (TNILP) 2023, with clear incentives for participating stakeholders.
We note key tasks on the personal finance checklist for individuals in India as the country’s financial year ends March 31, 2023.
Nominee addition to Demat account is essential to prevent account freezing, and allow investors to trade in Indian stock market.
India’s exports to UAE expected to rise to US$32 billion in FY 2022-23 (+14% YoY) due to CEPA trade deal effective May 2022, per Commerce Ministry.