No policy can always remain relevant: President

The President said foreign trade over the years has been playing an important role in the Indian economy

Press Trust of India New Delhi
Last Updated : Aug 25 2014 | 4:09 PM IST
Holding that no policy can remain relevant always, President Pranab Mukherjee today said policies should contribute in helping the flexibility and dynamism of the economy so that it grows.

Mukherjee said this while meeting a group of 8 probationers and 20 officers of Indian Trade Service who called on the President at Rashtrapati Bhavan.

Addressing the officers, the President said that Indian economy has undergone major changes over the years.

Also Read

"No policy can be considered relevant for all times. That system is dynamic which has the flexibility to change with changing times. Therefore, our policies should contribute in helping the flexibility and dynamism of the economy so that it grows", he said.

The President said foreign trade over the years has been playing an important role in the Indian economy.

"Exports have continued to be the major focus of India's foreign trade policy. With enhanced e-governance in Directorate General of Foreign Trade (DGFT) and the changing role of DGFT itself, the officers would now have to act as trade facilitators and not only as regulators," he said.

The President said trade facilitation has to be carried out at every stage, from designing a scheme to grant of benefits to exporters through these schemes.

"As trade facilitators, the ITS officers would be able to give new impetus to our economic requirements," he said.

The probationers of Indian Trade Service are presently undergoing training at the Indian Institute of Foreign Trade, New Delhi while 20 officers are working in different parts of the country.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 25 2014 | 3:47 PM IST

Next Story