GOODS TRANSPORTATION
Ola, Uber, Zomato among 21 entities registered under Delhi's motor vehicle aggregator scheme
Delhi's Transport Minister Kailash Gahlot said this initiative will not only promote green mobility but also set high standards for service quality and public safety in the transport sector. The scheme stipulates penalties ranging from Rs 5,000 up to Rs 100,000 per instance.
UAE names street after Indian-origin doctor for his 60-year contribution to healthcare
A street in Abu Dhabi has been named in honour of Dr George Matthew, a UAE citizen of Indian origin, in recognition of his remarkable contributions to the emirate's healthcare sector over nearly 60 years, as reported by Khaleej Times. Dr Matthew, now 84 years old, first arrived in the UAE in 1967 as a 26-year-old, long before the country's unification.
Is the entire stock market expensive? Dr Vikas Gupta shares 3 low-PE sectoral ideas
The Government's focus during the initial phase of Amrit Kaal is primarily on creating infrastructure to reduce logistics costs from 14% to 8%. This long-term goal, expected to span over a decade, hinges on developing Railway Infrastructure and integrating it with other transport modes through multimodal logistics hubs.
10 Best Resistance Bands for Enhancing Strength, Flexibility and Muscle Tone
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Air cargo companies seek custom-fit tag for transhipment goods
India had set itself an ambitious target to handle 10 million metric tonnes of air cargo by 2030. Shipments in and out of Indian airports were 3.4 mmt in 2023-24, up 7% year on year, according to new data from Airport Authority of India (AAI).
GST inclusion may double natural gas demand in seven years: Sanjay Kumar, GAIL
We are also hearing this that the excise duty on CNG may be considered for rationalisation by government because the other tax that is there on CNG is basically state VAT.
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Petroleum products demand up 2.6% in June
LPG, used mostly as cooking gas in the country, grew 3.2% in sales in June. Jet fuel consumption grew 10%, helped by a rise in holiday travel in June. Sales of bitumen, used mainly in building roads, grew 4.2% while the use of polluting petcoke rose 2%.
Ready for a round of sustained re-rating? 7 logistic stocks with an upside potential of upto 48 %
Recently, JSW Infra announced its acquisition of Navkar Corp. On the face of it there is nothing special about it as merger and acquisition is a very normal activity which keeps happening. But the fact that it happened in sectors like logistics, where for large companies organic growth is the norm , involves a company which has a proven track of achieving a scale and the timing of its takeover. When one combines these three, this is probably indicating that the logistics sector which has faced many headwinds till a few years back, might be close to reaching a level where the bigger players are re-rated. A sector where headwinds are becoming lesser and tailwinds are getting stronger. Probably this would be a better way to take exposure to the growth of the Indian economy.
Is it a good idea to get a personal loan for travel?
IndusInd Bank's instant personal loans for travel offer competitive rates, higher loan amounts, flexible tenures, and instant approval. Manageable EMIs, an EMI calculator, and quick access for emergencies aid financing. The versatile loan covers all travel needs, improves credit scores with punctual repayments, supports last-minute plans, and ensures financial health, making vacations stress-free and memorable.
Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEO
Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta advocated for an independent system operator to ensure fair access to natural gas pipelines' full capacity for all market players. He proposed the split of gas companies into separate marketing and transportation entities. He emphasised the need for a level playing field through equal access to information and charge mechanisms. Mediratta suggested measures for developing the domestic natural gas market, including bringing gas under GST and enforcing open access in city gas areas.
Global sea transport leaps most since 2010 after Red Sea attacks
Global sea transport sees a surge in activity due to geopolitical disruptions and attacks in the Red Sea. Vessels reroute to avoid conflict zones, impacting carbon emissions.
MP govt abolishes transport check posts at interstate borders, road safety and enforcement checking points to be arranged
The Madhya Pradesh government has abolished transport check posts at interstate borders and will introduce new road safety and enforcement checking points. Initially, 45 checking points will be established, with mobile units temporarily handling enforcement until these points are operational. These mobile units will comprise district transport office staff, enforcement staff, and home guards.
GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge
Introduced seven years ago, the Goods and Services Tax (GST) has streamlined compliance and boosted tax revenues, but challenges persist with fake invoices and fraudulent registrations causing tax evasion concerns. Despite this, GST has simplified the tax regime, increased taxpayer numbers, and improved tax buoyancy and state revenues. However, efforts to combat evasion are ongoing, with the need for further measures such as operationalizing the GST appellate tribunal.
IMEE-EC's India-UAE segment on track: Ports' digital integration moves forward, set to be ready in 100 days
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from the G7 has bolstered its prospects. The corridor, divided into phases, will facilitate the movement of cargo from locations in India to Israel.
GST rate rationalisation panel reconstituted, Bihar Dy CM Samrat Chaudhary appointed convenor
Bihar Deputy Chief Minister Samrat Chaudhary appointed as convenor of GoM on GST rate rationalisation. Panel includes members like UP Finance Minister Suresh Kumar Khanna and Goa Transport Minister Mauvin Godinho.
Up to Rs 10 lakh relief in train accident: How a 45 paisa IRCTC travel insurance can be a huge help for your family in case of death or disability
IRCTC travel insurance: Do you know that IRCTC offers an optional travel insurance policy at just 45 paisa premium per passenger. This policy offers coverage up to Rs 10 lakh in cases of death and permanent disability. God forbid if you perish in a train accident, atleast your family will get the required financial assistance.
In search of 'decent work'
Former RBI Dy Guv Mohan said India could not break out of lower-income levels without massive employment in low-wage manufacturing. Lack of 'decent jobs' was so acute that Uttar Pradesh had 4 mn applicants for 60,000 constable jobs. India's labour force participation was barely 50% against 78% for Vietnam, 76% for China, and 65% for Indonesia. This underemployed mass could not be employed fully in services. So, it was essential to boost manufactured exports - that alone would produce enough 'decent jobs'.
West Bengal tragedy: At least 8 dead, 41 injured after goods train collides with Kanchanjunga Express
At least eight people died, and around 41 were injured when a goods train collided with the Kanchanjunga Express near Rangapani station, West Bengal. The collision, which occurred around 9 am, derailed the train’s rear compartments. Rescue operations are ongoing with NDRF, SDRF, and local teams, while Railway Minister Ashwini Vaishnaw and Chief Minister Mamata Banerjee oversee relief efforts.
G7 Summit: PM Modi, Zelenskyy discuss Black Sea transport corridor, increase exports of sunflower oil to India
On the sidelines of the G7 Summit, Ukrainian President Volodymyr Zelenskyy met with Prime Minister Narendra Modi in Italy. "The President spoke about the functioning of the Black Sea transport corridor, which makes it possible to increase exports of sunflower oil to India and turnover of other categories of goods," the Ukrainian president's website read.
Red Sea crisis makes Zara and others hop on to belly space of passenger aircraft
Tensions in the Red Sea region prompt US and Europe-bound exporters to shift to air transport via Gulf nations. Major companies like Zara use freighters, while others utilize cargo space in passenger aircraft. As sea routes become less favorable, exporters opt for quicker options to meet demand. Collaborative efforts are crucial for efficient cargo transport operations.
Singapore port container logjam worsens as ships avoid Red Sea
Singapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and causing delays in goods delivery.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
Political noise is temporary in the end it's about GDP growth; 6 logistics companies with upside potential of up to 39%
It will take some more time for the street to get out of the political noise and analysis and stocks may witness some more correction. But these are all short term issues, in the end markets are keen about two things, overall economic growth and earnings of the company. In the recent political noise what has been probably getting missed is the fact that GDP numbers were better than expected. It is very likely that we are going to see continued growth in the GDP numbers, yes, there would be voices which would say that focus consumption would increase and all other things, but in the end the biggest beneficiary of the continued higher growth is the logistics sector. The reason is simple, if the economy is doing well, more goods will be produced and they will have to be transported and that is why in large developed economies, logistic companies form part of a very important transportation index. Also another big factor, these companies have gone through a restructuring and have come out after facing many challenges.
Delhi to host global aviation body’s showpiece event next year
New Delhi to host 81st IATA AGM with IndiGo's Pieter Elbers as chair, highlighting India's aviation growth. IATA projects India as third-largest aviation market by 2026. Civil Aviation minister Jyotiraditya Scindia praises sector's growth with record passenger count and enhanced regional connectivity
How BJP reined in cow vigilantes and got industry back on track
BJP has changed its stance on buffalo meat exports, impacting the industry, especially in the context of vigilante attacks on cattle traders accused of transporting cows for slaughter.
Good news for Rapid Rail users: Trial run for Anand Vihar and Ashok Nagar stations to start soon
The trial run of RRTS trains from Sahibabad to Anand Vihar and New Ashok Nagar is set to begin by year-end, marking a milestone in the Delhi-Ghaziabad-Meerut corridor development. Currently, only a 34-km stretch between Sahibabad and Modi Nagar North is operational. Puneet Vats, NCRTC's Chief Public Relations Officer, anticipates completion by June 2025. Stations like Sarai Kale Khan aim for seamless integration, ensuring convenient multi-modal transit.
Social network that needs connecting
India is planning a revamp of its urban transport sector to improve accessibility to work, healthcare, and education. The plan includes integrating metro and bus networks, promoting greening of intracity goods transport through small trucks, and aligning bus and metro routes. The lack of a holistic approach, with nearly half a dozen central ministries working in isolation, has led to discussions on an omnibus transport ministry.
Clean air good for body'n'business
Delhi is the most polluted capital city, and 83 of the 100 most polluted cities in the world are in this country. According to The Lancet, pollution led to more than 2.3 mn premature deaths in India. Such an environmental crisis makes a mockery of the 'ease of living' index and is no help to any 'ease of doing business' index either.
Sarbananda Sonowal pulls down Congress for ignoring development of North Bank of Brahmaputra
Sarbananda Sonowal addressed a BJP party workers meet at Kotoha under Khowang Legislative Assembly Constituency (LAC). Sonowal appealed to all the party members of the constituency to power its 187 booth offices of Khowang to make people aware about the decade of good governance of Narendra Modi government and how multiple welfare schemes by the Government has reached the ultimate beneficiaries improving their quality of lives.
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