Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India
Indian exporting firms need to gear themselves up to comply with new EU norms as the European Union is moving towards a paperless customs process from June 3 this year. The development assumes significance for domestic exporters as the European Union (EU) accounts for about 17 per cent of India's total merchandise exports. In 2022-23, India exported goods worth USD 75 billion to EU as against the country's total exports of USD 451 billion in that financial year. The EU has proposed to implement the second phase of its Import Control System (ICS) from June 3 this year. ICSD 1 was applicable to the air mail and express deliveries from March 15, 2021, and then it was extended to air cargo from March last year. The 'ICS2' will now be extended to cover all type of imports using ships, trains, trucks also on June 3, 2024. First two phases covered 15 per cent imports into the EU, third and final phase cover balance 85 per cent of the imports by value. According to a European Commission .
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu Monday directed the IT department officials to complete all the formalities for e-office implementation in the government offices in the state in a timely manner. "The state government's vision is to create a digitally advanced state with secure, accessible, digital infrastructure for effective governance," he said. The chief minister added that plans were underway to incorporate technology in various sectors and the IT department should take a lead in building a robust digital infrastructure across the state. All the branches of the Himachal Pradesh Secretariat, Directorates, Deputy Commissioner (DC) offices, Superintendent of Police (SP) offices and field offices are expected to go paperless from July 1, according to an official statement. The state has 109 branches of the secretariat, 70 directorates, 12 deputy commissioner offices and 14 SP offices, all of which will become paperless under the e-office system, it said. The
Every person today is beneficiary of every step taken by the central government, he said
The live trade finance transaction involved export of steel by Tata Steel, India to Universal Tube & Plastic Industries, UAE
Physical transactions made a come back in September as offline options became viable again
NeSL has set up a secured digital document execution (DDE) platform which will facilitate MSMEs and individuals to avail contactless loans on remote basis, says S Ramann
The move would help importers and exporters move towards electronic messaging and paper-free environment