• About   |
  • Submit Guest Post |
  • Contact Us   |
Tuesday, March 28, 2023
  • Login
  • Register
No Result
View All Result
The Second Angle
Advertise
  • Infotainment
    • Sports
  • Entertainment
    • Lifestyle
      • Home & Decoration
  • People
    • Inspiring
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
The Second Angle
  • Infotainment
  • Entertainment
  • People
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
Advertisement
ADVERTISEMENT
Home News

Piyush Goyal likely to chair Board of Trade meeting next month; ways to boost trade on agenda

TSA Desk by TSA Desk
August 28, 2022
in News
Reading Time: 2 mins read
A A
Share on FacebookShare on WhatsApp
Advertisement Advertisement Advertisement
ADVERTISEMENT


Last month, the government nominated 29 non-official members from different sectors, including large and small enterprises, to the Board.

RelatedPosts

With Glazers possibly out, check some of United’s potential buyers

With Glazers possibly out, check some of United’s potential buyers

Bar Council of T.N. & Puducherry suspends 9 lawyers from practicing before any forum

Last month, the government nominated 29 non-official members from different sectors, including large and small enterprises, to the Board.

Commerce and Industry Minister Piyush Goyal is likely to chair a meeting of the Board of Trade next month to discuss ways to boost the country’s exports, an official said.

The Board is an advisory body on the foreign trade policy.

It is headed by the minister and includes participants from states, Union Territories, and senior officials from public and private sectors, and provides a platform to discuss ways on boosting manufacturing and exports.

“The board may meet sometime in mid-September,” the official said.

Last month, the government nominated 29 non-official members from different sectors, including large and small enterprises, to the Board.

The new members include Laghu Udyog Bharati executive member Om Prakash Mittal, India Cellular and Electronics Association chairman Pankaj Mahindroo and Amul MD RS Sodhi.

Discussions in the meeting are expected to focus on the new Foreign Trade Policy (FTP 2022-27), ways to take forward domestic manufacturing and exports.

The platform provides an opportunity to have regular discussion and consultation with trade and industry and advise the government on policy measures related to FTP in order to achieve the objective of boosting India’s trade.

It also provides a platform to state governments and UTs to articulate their perspective on trade policy, and also to Government of India for apprising them about international developments affecting India’s trade potential and opportunities and to prepare them to deal with the evolving situation.

Federation of Indian Export Organisations vice-president Khalid Khan said the Board should discuss a circular of the RBI issued last month on measures for international trade settlement in rupees.

In that, the Reserve Bank asked banks to put in place additional arrangements for export and import transactions in the Indian rupee in view of the increasing interest of the global trading community in the domestic currency.

“Some kind of standard operating procedure should be released for banks on this,” Mr. Khan said.

India’s exports rose 2.14 per cent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to over 70% rise in crude oil imports.

However, exports during April-July 2022-23 rose by 20.13% to USD 157.44 billion. Imports during the four months increased by 48.12% to USD 256.43 billion. The trade deficit stood at USD 98.99 billion as against USD 42 billion during April-July 2021-22.



Source link

ShareSendTweet
TSA Desk

TSA Desk

Related Posts

With Glazers possibly out, check some of United’s potential buyers
Sports

With Glazers possibly out, check some of United’s potential buyers

One of the biggest stories on sports pages at the end of 2022, The American Glazer family, who are the...

Read more
News

Bar Council of T.N. & Puducherry suspends 9 lawyers from practicing before any forum

Photograph used for representational purposes only The Bar Council of Tamil Nadu and Puducherry (BCTNP) on Tuesday notified the suspension...

Read more
News

Kerala government agrees to debate Vizhinjam port agitation and related violence in the Assembly

An injured police personnel being shifted to a hospital after a mob of agitators attacked Vizhinjam police station following the...

Read more
News

Decisive G20 not possible without support of members, says Amitabh Kant

India’s G-20 Sherpa Amitabh Kant speaks at the first G20 Sherpa meeting, in Udaipur, on December 4. | Photo Credit:...

Read more
News

CBI moves Delhi HC challenging statutory bail granted to DHFL’s Wadhawan brothers

Dewan Housing Finance Corporation Limited The CBI on Monday approached the Delhi High Court challenging the statutory bail granted to...

Read more
News

Andhra Pradesh: We are working towards making Chittoor a major industrial hub, says Collector

Chittoor District Collector M. Hari Narayanan speaking to The Hindu on Monday. | Photo Credit: BY ARRANGEMENT Chittoor district holds...

Read more
Load More
Next Post

Ousted Pakistan PM Imran Khan vows to continue rallies against rivals, fight for 'real freedom'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Instagram Telegram

About

The Second Angle

A platform providing diverse views on various issues, providing an in-depth understanding of important developments happening around us. It offers you true journalism amidst the cacophony. Discover the latest news, opinions, analysis and a lot more here.

Important Links

  • About
  • Career
  • Guest Post
  • Privacy Policy
  • Terms
  • Contact Us
  • Newsletter
  • हिंदी

Subscribe to Our Newsletter

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

© 2017-23. The Second Angle. All Rights Reserved. Developed and Maintenance by SquareBase.io

No Result
View All Result
  • Infotainment
    • Sports
  • Entertainment
    • Lifestyle
      • Home & Decoration
  • People
    • Inspiring
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
  • Login
  • Sign Up

© 2017-23. The Second Angle. All Rights Reserved. Developed and Maintenance by SquareBase.io

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version