Illegal trade refers to the exchange of goods and services that violate laws. It includes smuggling, trafficking, and counterfeit products. This practice undermines economies and harms legitimate businesses. It often involves organised crime and corruption. Countries struggle to combat illegal trade due to its complexity. Effective laws and international cooperation are essential to address this issue. Awareness and education can also help reduce its prevalence.
On October 1, 2024, Andhra Pradesh introduced a new excise policy aimed at revitalising its liquor revenue, which has dwindled in recent years. The policy allows private retailers...
