287 / 2023
Quote of the day
The lush green garden laden with a variety of plants and shrubs, fruit bearing trees and flowering plants of various hues seems history now. As I sit in my drawing room overlooking the stretch that was once a soft Mexican grass lawn, I feel sad. There is rubble, brick and mortar, soil and sand, logs of wood, electrical wires, tiles and many such inanimate things spawn all around. While many pots and holders were shifted out to safer places, many others couldn’t be saved. The guava tree, chikoo tree, coconut tree and several other older and stronger ones have survived the onslaught of the ongoing construction and continue to stand tall. Braving their lives are the rexora flowers, colourful hibiscus, the wilting rose creepers and the cheerful crotons. All crying out – WE ARE DOWN BUT NOT UNDER !
In light of this, it was nothing short of a miracle when the banana plant gave us dozens of ripe fruits. Everyday we watched the helpless banana plant that was growing alongside the half-broken compound wall – neither could we bring ourselves to chop it off nor could we nourish it sufficiently. I was disturbed to see the ‘heavily pregnant’ banana plant wilt under the weight of her own fruits. But lo and behold, the plant continued to grow to its best and ‘deliver’ on time. Not to mention the large leaves that we periodically continued to pluck from her for auspicious occasions. Despite the uncooperative conditions, ‘SHE’ never gave up. She gave us what she had to.
On this side of the wall is the short, shy jasmine shrub that blooms only during the summer season. She survived the harsh, unpardoning conditions. Yet she spread her fragrance around as a bunch of 7 white jasmine flowers bloomed one fine morning amidst the construction site. Our joy was doubled as we were blessed with the flowers and fruits on the same day. The lone jasmine shrub seemed to call out – HEY, COME WHAT MAY, I AM UP AND ABOUT !
As we celebrated Earth Day in April with the theme ‘Invest in our planet’, these two humble ‘green lives’ have taught us the lessons of perseverance, patience, purpose and never to give up. Live with a sense of duty, giving and detachment.
Contrast this green, sustainable world with the harsh corporate jungle. There may be slow down in the economy and job slashes all around. But there is no abatement in the compliance requirements and action by regulators. Do refer to the Compliance Calendar drawn up by our team for section 8 companies, for-profit companies and LLPs for the FY23-24. Click here to download the same.
Expectations set, whether explicitly or otherwise must always be met. Else there is a feeling of being let down. Apologies for the delay in this issue which ideally should have reached you on 30 th April. While it was a good feeling to receive messages from certain readers reminding me that the due date has passed, it also reminded me of lowering the self-set standards.
For any previous issues of Samhita and the readers’ feedback, please visit our website.
Foreign Trade Policy 2023
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr.Piyush Goyal launched the Foreign Trade Policy 2023 (“FTP 2023”) on March 31, 2023. During the Press Release Hon’ble Union Minister stated that FTP seeks to take India's exports to 2 trillion dollars by 2030. The 4 pillars of FTP 2023 are incentive to remission, export promotion through collaboration, ease of doing business and emerging areas. It contains 11 chapters. Highlights of the FTP 2023 are as follows:
Aims at process re-engineering and automation to facilitate ease of doing business for exporters.
It also focuses on emerging areas like dual use high end technology items under SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies), facilitating e-commerce export, collaborating with States and Districts for export promotion.
It is introducing a one-time Amnesty Scheme for exporters to close the old pending authorizations and start afresh.
It encourages recognition of new towns through “Towns of Export Excellence Scheme” and exporters through “Status Holder Scheme”.
Facilitating exports by streamlining the popular Advance Authorization and Export Promotion of Capital Goods schemes and enabling merchanting trade from India.
Please refer to the FTP 2023 for details.