Union Budget 2024: FM reacts to opposition's criticism; asserts 'no discrimination' in State fund allocation
Major reforms in Indian Shipping industry announced with focus of overhauling the regulatory and flagging framework for generating local employment. Shipping industry players could be required to revisit their operational models with changes in ship flagging framework.
E-commerce export hubs, a model proposed in the FTP 2023, is seen gaining momentum in this budget. Typical focus areas: Public-Private-Partnership model, better infra in terms of stocking, customs clearances, processing of returned orders, and linkage to Market Access Initiative (MAI) Scheme.
These hubs to be set up to specifically facilitate trade and service-related exports for MSME sector. These could be kind of bonded zones similar to EOU having various facilities.
