Indian economy is now US$ 2.90 trillion and to reach $5 trillion by 2025. 56% Indian GDP is Service sector, majority being IT, Software and BPO Foreign Trade Policy (FTP) extended to March 31, 2022. The Foreign trade policy is issued for a period of 5 years. The current term expired by 31st March 2020…
Compulsory Filing of Non-preferential Origin Certificate through DGFT Portal from 31 Oct. 2021 Prime Minister Narendra Modi to Inaugurate Kushinagar International Airport on 20th October 2021, Buddhist Circuit Main Target EEPC Calls for New Market Exploitation to Raise Engg Exports to $126bn Detailed Procedure in SEZ for Transfer of Assets and Lease Rent through…
In the EDI regime, unlike manual system of assessment of Bill of entry in the case of imports, any amendment of particulars is tough. Tougher is the case when the entire chain of activities namely assessment, payment of duty, examination and out of charge is completed. But to err is human. Of course, such errors…
Trade Frauds
In Tamil, there is a saying that as long as there is one to get cheated, there will be people who continue to take them for a ride. These days, I am hearing lot of incidents of people being taken for a ride. Earlier, we used to get such incidents from poor countries of the world whereas now cheaters are from rich countries as well. I am yet to understand this pattern but things are on the rise. In this post, I am examining the issue and what to do in case one is defrauded!
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Ever wondered how China has become such a major power in economy, sports or in diplomacy in a matter of roughly 2 to 3 decades. This question always used to bother me a lot. A country which was equal or less than in India till 1978 leap frogged in to world stage. In the process lifting out 50% of its population from poverty and subsistence living. The only country that can be compared with India is China, no body else in terms population and concomitant problems.
Yes, the differentiating factor is democracy in India and dictatorship in China. But that also does not explain their economic miracle! If democracy is the factor, both India and US are democracies, where are we?
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