NATIONAL LOGISTICS POLICY 2022
Why Budget 2024 must have more than Sensex on its radar
Budget 2024: The Union budget is set to dominate headlines in India, with the question of whether realpolitik or coalition compulsions will dictate the budget's economic policy. The interplay between economics and politics is not new to India, as it is part of elected democracies. The BJP's performance fell short of expectations due to inflation and unemployment, both factors within the domain of economic policy.
Union Budget 2024 measures can upgrade India's supply chain in its bid to match up with China
BUDGET EXPECTATION: Finance Minister Nirmala Sitharaman, through Budget 2024, may introduce measures to strengthen India’s supply chain and manufacturing sector. This aligns with India’s strategic pivot to become a global manufacturing alternative to China. Under Prime Minister Modi's leadership, India has gained traction with infrastructure and logistics improvements, drawing multinational interest.
Who are the main players in the UK's upcoming national election?
Prime Minister Rishi Sunak's Conservatives are widely expected to lose to the main opposition party, the left-of-center Labour, after 14 years in power under five different prime ministers. The Conservatives and Labour traditionally dominate British politics under the U.K.'s "first past the post" electoral system, which makes it difficult for smaller parties to win representation in Parliament.
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
Global supply chain shift: Has India finally arrived?
Global supply lines are shifting for more resilience. Geopolitical developments put India at an advantage. Will demographic dividend finally create value for India?
Cabinet okays paddy MSP hike, green VGF and a ₹2,870-cr revamp of Varanasi international airport
The Union cabinet, under Prime Minister Narendra Modi's leadership, approved significant decisions including a 5-11% increase in Minimum Support Price (MSP) for kharif crops, construction of a ₹76,220-crore port in Vadhavan, Maharashtra, and a revamp of Varanasi international airport. Viability Gap Funding (VGF) for offshore wind energy projects was also sanctioned, marking the beginning of the new government's 100-day agenda.
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9 nuclear-armed nations including India continued to modernise N-arsenals in 2023: SIPRI
The Stockholm International Peace Research Institute (SIPRI) reported that nine nuclear-armed nations, including the US, Russia, France, China, India, and Pakistan, continued to modernize their nuclear arsenals in 2023. China notably increased its nuclear arsenal from 410 to 500 warheads and is expected to continue growing. The report highlighted that around 2,100 deployed warheads were on high operational alert, primarily held by Russia and the US, with China joining for the first time.
Caught in a rut: How fruits of the season are falling victim to climate extremes
Shift in climate patterns has dealt a big blow to the production of many seasonal fruits like apples. Stakeholders say it is time to find ways to minimise this loss, as the issue is here to stay.
Japan introduces dating app to boost marriage and birth rates
Tokyo City Hall is introducing "Tokyo Futari Story" to combat loneliness and declining marriage rates in Japan. This initiative includes a dating app expected to launch by late 2024. Amidst Japan's lowest-ever marriage and birth rates, Prime Minister Fumio Kishida has termed the demographic trend as Japan's gravest crisis. The national government is also providing financial incentives and expanding childcare to encourage family growth and address labor shortages. Elon Musk expressed support, emphasizing the need for radical action.
Deep tech startup policy likely in forthcoming Budget
The new government may announce the full Budget for 2024-25 in July. An official said that startups have to convert their innovation into intellectual property rights and for that extensive R&D is required.
Deep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month.
Has India’s toy story started to falter?
After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are also rising.
Gas needs a new pricing meter
What could future policy look like? Pricing policy needs to be simplified and streamlined with global norms. Ensuring linkage to rolling averages of global benchmarks like Brent or other global benchmarks, along the C Rangarajan committee recommendations, would sustain the balance between consumers and producers. This should be implemented alongside more uniform gas pricing. One price could be benchmarked for LNG imports, another for domestically produced gas from regular fields, and one higher price for more difficult fields like ultra-deep and high-temperature high-pressure fields.
PM Gati Shakti, National logistics policy driving cold chain market growth
At the FICCI-Cold Chain and Logistics Summit on Wednesday, Ahirwar said that the gaps in physical infrastructure such as bad roads and inefficient ports are dampening the growth of the logistics sector, and these schemes are addressing those gaps.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Leather exporters seek national policy to attract investments, create jobs, boost shipments
CLE Executive Director R Selvam said that the sector needs a national policy as it is a labour-intensive sector, which employs about 4.4 million, with over 85 per cent women.
Iran's nuclear policy of pressure and talks likely to go on even after president's death
Iran's nuclear program is nearing weapons-grade uranium enrichment, prompting indirect talks with the U.S. and inviting the UN atomic watchdog for negotiations. This strategy aims to lift economic sanctions crippling Iran's economy. Following a major attack on Israel amid its Gaza conflict, Iran seeks to manage risks from the U.S. Despite the recent helicopter crash killing key Iranian leaders, Supreme Leader Ayatollah Ali Khamenei remains in control, continuing efforts to balance pressure and diplomacy. Indirect talks with the U.S. are ongoing, with uncertain outcomes.
ULIP offers huge opportunities to states for enhancing logistics ecosystem: DPIIT Secy
ULIP integrates with 37 systems via 118 APIs. Private sector participation with 900 registered companies has led to over 35 crore API transactions. DPIIT Secretary Rajesh Kumar Singh highlighted ULIP's transformative impact on the logistics sector.
Most states out with draft rules under new labour codes, about 3 cr job opportunities in 2022-23: Labour secretary
Labour secretary Sumita Dawra said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.
Lok Sabha elections: Fatal heat waves are testing India's ability to protect 1.4 billion people
Kolkata faces extreme heat and heat waves with inadequate measures to protect residents. Commuters seek refuge in a glass-walled bus shelter with malfunctioning air conditioners. Local authorities' plans to install cooled cabins have not been fully realized. Mayor Firhad Hakim expresses concerns about the city's lack of heat resilience efforts and high death toll.
Why warehousing is a booming asset class for discerning investors in India
The demand for modern warehousing facilities is touching a new high as e-commerce and retail sales are seeing a surge with each passing day in India.
BoE leaves key rate unchanged at 5.25%; moves closer to first rate cut since 2020
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.
Why highly skilled foreign nationals, including international students, are choosing Canada over US
It should, however, be noted that in January, Canada announced a two-year intake cap for international students, which was later expanded. For the first time ever, starting in fall (September), Canada will place limits on the number of ‘temporary residents’ (which also includes temporary foreign workers, those admitted under humanitarian and asylum programs) that it will admit.
Ashok Leyland, Minus Zero partner to deploy autonomous trucking solutions
Ashok Leyland and Minus Zero have formed a strategic alliance to develop autonomous trucking solutions in India. The partnership aims to revolutionize commercial trucking through tailored autonomous solutions for ports, factories, and corporate campuses, with potential for global expansion.
Budget 2024: Can India fill the vacuum created in global supply chains?
The convergence of burgeoning infra development, including initiatives such as the NLP and the Gati Shakti Scheme, has positioned India favourably in the eyes of global manufacturing giants seeking alternative production and sourcing destinations.
How can the interim budget help plug holes in logistics network? Dr Sunil Kumar Sinha answers
India aims to become a major manufacturing hub, but high logistics costs hinder its integration into the global supply chain. The government's initiatives, including the national logistics policy and PM Gati Shakti, focus on improving logistics infrastructure. However, the challenge of last mile connectivity, both in urban and rural areas, remains unaddressed. The existing railway platforms and stations are not designed for seamless road-rail-road movement, particularly for small consignments
Fund inflow in real estate from foreign investors dips 30% last year: Vestian data
The inflow of funds in Indian real estate from foreign investors fell 30% to USD 2.73 billion last year, but the influx jumped over two times from domestic players to USD 1.51 billion, according to real estate consultant Vestian. Total institutional investments in real estate declined 12% to USD 4.3 billion in 2023.
Institutional investments in real estate at a five year low
Institutional investments in the real estate sector touched a five-year low in 2023 because of a cautious approach by foreign investors amid global macroeconomic uncertainty. However, domestic investors increased their share to 35% in 2023, while foreign investors' share decreased due to the macroeconomic slowdown. Investments from domestic investors more than doubled to USD 1.5 billion in 2023, a 120% increase in value over the previous year.
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