Ftp 2023 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Indian government's Department of Commerce (DGFT) is collaborating with the Reserve Bank of India (RBI) and other ministries to promote exports through e-commerce. The DGFT is working with departments like revenue, post, MSME, DPIIT, and the RBI to facilitate exports through e-commerce. The new Foreign Trade Policy 2023 has raised the value limit of e-commerce exports through couriers from Rs 5 lakh to Rs 10 lakh per shipment.

In most parts, the policy instruments spelt out in FTP 2023 are not those that can prepare India to participate effectively in the global markets even at the present juncture. Making India future ready seems to be some distance away

Being open-ended, the new Foreign Trade Policy gives the government the headroom for a quick response to any adverse external shock 

FTP 2023 seeks to ease and enable exports with measures that are broadly in the right direction although some gaps remain

Foreign Trade Policy 2023: $2 Trillion Exports by 2030, Tax Remission Instead of Incentives, Paperless Approvals, Reduction In User Charges For MSMEs, E-Certificate of Origin, Districts As Export Hubs are Some of Its Highlights