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Finalise FDI policy on e-commerce! Traders' body say they have had enough


Finalise FDI policy on e-commerce! Traders body say they have had enough
In a communication sent to Goyal on May 17, B.C. Bhartia and Praveen Khandelwal, national president and secretary general of CAIT respectively, said even after two years of discussions over such a revision, authorities are sleeping on the issue
Joe C Mathew | May 17, 2021 | Updated 13:22 IST
Union Commerce Minister Piyush Goyal
The Confederation of All India Traders (CAIT) has asked Commerce Minister Piyush Goyal to announce India s revised Foreign Direct Investment (FDI) policy for more control over the fund flow into foreign funded e-commerce entities like Amazon and Flipkart. ....

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New foreign trade policy to give thrust to export of R&D services


New foreign trade policy to give thrust to export of R&D services
The thrust on R&D services came after it became one of the fastest-growing segments among India s services exports
Joe C Mathew | March 8, 2021 | Updated 12:48 IST
Union Commerce and Industry Minister Piyush Goyal
The soon-to-be-announced New Foreign Trade Policy 2021-26 may give a special emphasis to export of research and development (R&D) services. A separate section focusing on R&D services exports is being planned, a government official said.
The changes are being worked out by the Department of Commerce at the behest of the office of the Principal Scientific Advisor of India. The government had extended the validity of foreign trade policy 2015-2020 by a year - till March 31, 2021 due to the Covid-19 pandemic. The new policy is to be effective from April 1, 2021 for a period of five years. ....

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