Foreign Trade Policy: The government extended the foreign trade policy for six months, the period was to end on 30

Posted on 27th Sep 2022 02:50 pm by rohit kumar

The government on Monday said it has decided to extend the existing foreign trade policy (2015-20) for another six months till March 2023. The current Foreign Trade Policy (FTP) was to end on 30 September.

 

Amit Yadav, additional secretary in the commerce department, said there had been demands from various quarters, including industry associations and export promotion councils, to expand the policy and not introduce a new policy at this time.

 

He said that at present there are challenges like global uncertainty and currency volatility. Business people believe that it will be right to implement the rollout of the new policy with the new financial year. Therefore, it was decided to extend the old foreign trade policy by an additional six months.

 

The Ministry of Commerce and Industry had earlier announced that it would announce a new Foreign Trade Policy (FTP) by the end of this month.

 

Also Read: RBI: RBI will increase repo rates for the fourth time in a row to control inflation! Experts said this

Other news

On the day of the crisis in Russia, people will forget the good days, and the countdown to President Putin also begins

Russia's economy is in constant hiccups due to the Ukraine war. The experts of Russia believe tha

Australia will check the visa of Khalistanis: Movement of separatist leaders will be monitored, and anti-India propaganda will also be monitored

The government there is now preparing to take strict action on anti-India activities in Australia

Delhi Election: 'We will show you the Sheeshmahal, BJP will show you the Rajmahal', Sanjay Singh challenged; said- will go to CM House with the media today

On Tuesday, a day after the final voter list was released, the Election Commission announced the

Ukraine war is a lesson, India needs to be self-sufficient in the defense sector: CDS General Anil Chauhan

In the ongoing Raisina Dialogue meeting in Delhi, Chief Defense Secretary (CDS) General Anil Chau

New GST Rates: Answers to 10 questions arising from the decision of 5 and 12 percent GST, which directly affect the common man
The GST Council has made a historic reform in the rates of indirect taxes and has approved only tw

PM Modi Karnataka Visit: 'Udupi has been the work place of the Jan Sangh and BJP's good governance model,' PM Modi said in Karnataka

Prime Minister Narendra Modi has arrived in Karnataka on his one-day visit. Jagadguru Sri Sri Sug

Horse and mule riders had a field day during Navratri! So many devotees visited Vaishno Devi.

During the ongoing sacred Sharadiya Navratri, a stream of devotion is continuously flowing at the

Delhi Liquor Policy Case: 'Whatsapp chat, statements of the accused...we have all the evidence', CBI gave these arguments while seeking custody of Kavita

The troubles of BRS leader Kavita, arrested in a money laundering case related to the Delhi liquo

Asian Games: India broke two records in shooting, Palak-Isha did wonders; Aishwarya-Swapnil-Akhil's trio also dominated

Indian shooters performed brilliantly on Friday (September 29) on the sixth day of the Asian Game

Sundar Pichai: Google CEO Sundar Pichai honored with Padma Bhushan, said - I take India with me

Google and Alphabet CEO Sundar Pichai was presented with the Padma Bhushan, one of the country's