HENCY R SHAH AND ASSOCIATES

Indian Government Implements Import Restrictions for Laptops, Computers, and Tablets Good or Bad? In a strategic move aimed at promoting domestic manufacturing and aligning with the 'Make In India' initiative led by the BJP government, the Indian administration has taken swift action by imposing restrictions on the import of laptops, tablets, and personal computers classified under HSN 8741 category. The decision, as announced through an official government notification, mandates that the import of these restricted goods will now require a valid license for entry. It is important to note, however, that these restrictions will not be applicable to imports falling under the Baggage Rules. The Ministry of Commerce and Industry, Department of Commerce, Government of India, elucidated, "Exemption from import licensing is permitted for single units of laptops, tablets, all-in-one personal computers, or ultra-small form factor computers, including those procured from e-commerce p...

₹ to use as foreign trade currency   Use of rupee in foreign trade:  In order to facilitate international trade, Sri Lanka has agreed to utilize ₹. It occurs shortly after the Indian government announced it was looking into ways to include nations who are particularly short on dollars in the Indian rupee trade settlement process. Notably, the Indian government has been attempting to entice nations with dollar shortages to use its rupee settlement system since July of this year. The Indian rupee trade settlement system allows for the use of the Indian rupee in place of dollars and other major currencies in all international transactions. The RBI announced the creation of a system to conduct foreign trade in Indian rupees on July 11. While the market determines the exchange rate between the trading partners, the method will allow all exports and imports to be denominated and billed in Indian rupees. In order to educate stakeholders on the rupee trade, the Indian Fina...

How will the new National Logistics Policy be a game changer for the Indian economy The National Logistics Policy has come at the right time, as seamless connectivity, superior infrastructure, and strong export and logistics efficiency are essential to achieve these ambitious goals.  India aims to become a $20 trillion economy by 2040 and a developed nation by 2047. The National  Logistics  Policy has come at the right time, as seamless connectivity, superior infrastructure, and strong export and logistics efficiency are essential to achieve these ambitious goals.  Currently, the logistics costs in India are 13-14% of the GDP, compared to 7-8% in developed countries. Prime Minister  Narendra Modi , while launching the policy, said that the aim is to bring the logistics cost to single-digit as soon as possible. The higher logistics costs are reducing the competitiveness of India’s exports. Reports suggest that hig...