August 2022
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Governance Structure for Exports
The Ministry of Commerce and Industry is entrusted with the responsibility of managing commercial activities in the Indian economy. The Department of Commerce under the Ministry formulates, implements and monitors Foreign Trade Policy (FTP), which provides a framework of policy and strategy for the promotion of exports and trade. It is periodically reviewed to incorporate changes necessary…
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Export Basket of India
An integral part of the economic growth and development story of an economy is the commodities and services it trades with other economies, because exports stimulate domestic economic activity by generating employment, production and revenues. After India’s 1991 Balance of Payments (BoP) crisis, as a part of its economic restructuring, it was mandated by the…
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Best KYC Certification in India
What is KYC? KYC stands for Know Your Customer. It is a regulatory process for financial institutions and requires verification of the identities of customers. The regulators require financial institutions to screen their customers so that no bad actors enter their financial system. KYC Process is important to prevent money laundering. This process began in…