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Trade Connect Portal: Ease of doing business  is a click away

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The Government of India is reworking how exporters engage with official touchpoints, and the Trade Connect Portal offers a simple way for businesses to raise issues, seek clarity, and receive updates without navigating multiple departments.

In India’s evolving trade landscape, the Trade Connect Portal stands out as a digital bridge between exporters and the government. Created under the Department of Commerce, this platform unites the Directorate General of Foreign Trade (DGFT), Central Board of Indirect Taxes and Customs (CBIC) and other agencies into one responsive ecosystem, allowing exporters to log issues, seek clarifications, and track progress transparently.

The idea is simple yet practical: build a feedback-driven bridge where businesses and bureaucracy communicate seamlessly. Exporters no longer have to rely on fragmented channels; instead, they can reach the right officials with a few clicks and receive updates in real time.

The Trade Connect Portal is an important milestone towards Hon’ble Prime Minister Shri Narendra Modi’s vision of a digitally empowered India. By integrating multiple departments under one platform, it is enabling exporters to engage directly with government systems in a transparent and responsive manner. Every exporter’s concern provides valuable input for refining India’s trade environment and strengthening the nation’s position as one of the world’s most business-friendly destinations.

The initiative is part of the Foreign Trade Policy 2023, which focuses on transforming India’s trade ecosystem through digitalisation and collaboration. It aims to build trust, shorten turnaround times, and improve coordination between multiple government bodies that handle trade policy and execution.

With Trade Connect, exporters can now communicate directly with the system and receive status updates. It helps the government to map recurring issues, drive policy reforms, and ensure that no voice from the trading community goes unheard.

For India’s gem and jewellery exporters, who often deal with complex Customs and certification procedures, the benefits are immediate: fewer delays, faster grievance handling, and a clearer understanding of policy changes.

Kirit bhansali

Kirit Bhansali, Chairman, GJEPC, welcomed the initiative: “Trade Connect aligns with the gem and jewellery industry’s aspiration for predictability and efficiency. It empowers even small exporters to engage confidently with the system and ensures accountability at every level of governance. Such digital reforms are key to achieving our goal of $100 billion in gem and jewellery exports by 2047.”

With its human-centred design, Trade Connect captures a modern philosophy of governance, where exporters are not just stakeholders but partners in shaping the system. In redefining how India listens to its exporters, Trade Connect reaffirms confidence that Ease of Doing Business is no longer an aspiration; it’s becoming an everyday reality.

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National News

Gold Rebounds in India After Five-Day Slide; Dollar Strength Keeps Pressure Intact

Despite the rebound in retail prices, futures trading remained largely muted.

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Gold prices in India posted their first significant rebound in six sessions on Saturday, recovering after a sharp five-day decline that had rattled the domestic bullion market.

The price of 24-karat gold rose by Rs. 2,510 per 10 grams to Rs.163,640 on March 7, according to market data. The recovery comes after bullion prices fell steeply earlier in the week, with gold dropping nearly Rs.11,000 per 10 grams—or about Rs.110,000 per 100 grams—between March 2 and March 6.

Despite the rebound in retail prices, futures trading remained largely muted. On the Multi Commodity Exchange of India, gold futures closed Friday’s evening session almost unchanged at around Rs. 161,675 per 10 grams.

Global cues continue to shape the domestic trend. Spot gold climbed above $5,120 an ounce, lending support to local prices after several sessions of losses.

However, bullion markets remain under pressure from macroeconomic factors. A stronger U.S. dollar and rising U.S. Treasury yields—fueled in part by a rally in crude oil prices and renewed inflation concerns—have dampened investor appetite for precious metals in recent days.

Silver prices have also faced similar headwinds, reflecting broader movements in global commodity and currency markets.

Analysts say the near-term outlook for bullion will largely depend on the trajectory of the dollar and bond yields, which continue to dictate flows into safe-haven assets such as gold.

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