Tag: Digitalization

Based on customs statistics, China’s total value of goods trade imports and exports soared to RMB 41.76 trillion in 2023, marking a record high of 645,000 foreign trade enterprises. Despite the ongoing positive growth trend in China’s overall import and export activities, the escalating global ESG-related regulations have imposed more stringent export compliance requirements on foreign trade enterprises. Consequently, enterprises find themselves grappling with uncertainty and a lack of clarity on how to proceed. Moreover, the industry currently lacks standardized and targeted ESG compliance service channels to promptly tackle the challenges faced by enterprises. COSCO SHIPPING As the main artery ... Read more

Digitization of records forms a very important part of the ICT development of the Judicial set up. Digitization was proposed to be made a part of the eCourts Phase II and Rs. 752.50 crores were proposed for the same. However, there was a 10% increase in tax-devolution in 14thFinance Commission taking the state share to 42% and on account of this, the proposed Rs. 752.50 crores for this activity was not allocated at the level of Expenditure Finance Committee (EFC) and this activity was to be done by the State Governments, in lieu of increased devolution. ... Read more