Foreign Trade policy (FTP) 2023 is focussed more on export growth, and the country will achieve USD 900 billion in exports in the next financial year, Dr A Sakthivel, the President of Federation of India Export Organisation (FIEO) said.
The Foreign Trade policy (FTP) 2023, which was released on Friday will make exporters more competitive, said Santosh Sarangi, Director General of Foreign Trade (DGFT).
Union Minister for Commerce and Industry Piyush Goyal while unveiling Foreign Trade Policy 2023 on Friday expressed confidence in India touching exports worth USD 2 trillion by 2030.
As per the new policy, there will be no increase in the number of FL (foreign liquor)-OFF, premium FL-OFF and CL shops during the year 2023-24, and the license of existing FL-OFF and CL (ENA-based) EP holders will be renewed for a period of one year up to the end of March.
Union Finance Minister Nirmala Sitharaman on Thursday lashed out at the Congress party after party leader Digvijay Singh thanked the German Foreign Affairs Ministry for taking note of Rahul Gandhi's disqualification from Lok Sabha.
Taking to Twitter, Russia's Foreign Ministry said, "In April, Russia will chair the UN Security Council. Russia will do its utmost to ensure this body's efficient operation in the interests of finding political and diplomatic solutions to acute crises and maintaining global stability."
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of less than a month.
Air Intelligence Unit (AIU) of the Customs department seized foreign currency valued at Rs 55.83 lakh at Chennai airport on Thursday and nabbed two passengers carrying the foreign currency, said the official Twitter handle of Chennai customs.