Tuesday, October 16News That Matters

Logistics

The government has approved the commercial use of drones

The government has approved the commercial use of drones

Logistics, Policies
Starting December real estate developers, power producers and mining companies, among others, can use drones for mapping, surveying and photography purposes. But e-commerce companies will have to wait to deliver shipments via the aerial route, with the drones allowed to fly only along the visual line of sight, below 400 feet and with riders on weight. Manufacturers feel the rules are too restrictive as any drone intended for commercial use will weigh more than 2 kg, making it necessary for the operator to seek permission every time it’s operated.
Commerce Ministry to Set Up National Logistics Portal

Commerce Ministry to Set Up National Logistics Portal

India, Logistics
The portal is aimed at linking all stakeholders of domestic and foreign trade and all trade activities on a single platform. A National Logistics Portal is being developed by the Ministry of Commerce and Industry to ensure ease of trading in the international and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform. In this year’s budget speech, Finance Minister had announced that the Department of Commerce will create a portal which will be a single window online market place for trade and will connect business, create opportunities and bring together various ministries, departments and the private sector.Stakeholders like traders, manufacturers, logistics service providers, infrastructure pr
Logistics sector could be goldmine of jobs in India says report

Logistics sector could be goldmine of jobs in India says report

Logistics
Infrastructure investment and GST implementation will help Logistics industry grow at 10.5% CAGR states TeamLease report titled ‘Indian Logistics Revolution - Big Bets, Big Jobs’. According to the report, public investment coupled with consumption and industry evolution will drive the growth of the INR 14,19,000 crore Logistics sector. The impact of each of these factors on the seven sub-sectors 1) Road Freight 2)Rail Freight 3)Warehousing 4)Waterways 5)Air Freight 6)Packaging and 7)Courier Services is likely to result in 3 million new jobs, upping the employment numbers in the sector from 10.9 million (current) to 13.9 million by 2022.   As per the 2018 budget, public investment of INR 6 Lakh crore has been promised to infrastructure, of which 50%, .i.e. INR 3 Lakh crore will b
Challenges faced by online logistics startups being Disruptive

Challenges faced by online logistics startups being Disruptive

Logistics
In the recent years, digitisation has led to disruption of major industries and sectors, transforming business processes and functions. Logistics, however, has been one of the least impacted sectors. This is slowly changing as the next generation entrepreneurs from the freight forwarding community are taking up the challenge of disrupting the sector through innovative digital solutions. With a fresh focus on organising the sector, streamlining pricing and operations and introducing automated and transparent processes, the new age digital logistics start-ups are bringing in a fresh wave of reforms, even as the sector continues to hold on to the set systems and processes of the past. Key Challenges Faced By Logistics Startups Transition From Offline To Online For decades, the logistics
Logistics all set to become the largest infrastructure jobs engine for India

Logistics all set to become the largest infrastructure jobs engine for India

Business & Corporate, Logistics
Infrastructure investment and GST implementation will help the logistics industry grow at 10.5% CAGR, says a TeamLease report titled ‘Indian Logistics Revolution - Big Bets, Big Jobs’. According to the report, public investment coupled with consumption and industry evolution will drive the growth of the Rs 14,19,000 crore logistics sector. The impact of each of these factors on the seven sub-sectors 1) Road Freight 2)Rail Freight 3)Warehousing 4)Waterways 5)Air Freight 6)Packaging and 7)Courier Services is likely to result in 3 million new jobs, upping the employment numbers in the sector from 10.9 million (current) to 13.9 million by 2022. As per the 2018 budget, public investment of Rs 6 lakh crore has been promised to infrastructure, of which 50% i.e. Rs 3 lakh crore will go into bui
No diesel locomotives will be allowed in Delhi area after March 2019

No diesel locomotives will be allowed in Delhi area after March 2019

Logistics
Railway Minister Piyush Goyal on Saturday said he has been informed by the railway board that no diesel locomotives will be allowed in the Delhi area after March 2019, indicating that the national transporter was on track to completely phase out such locomotives by 2022. Speaking at the Institute of Railway Electrical Engineers, Goyal emphasised the need for transformation and change in the work culture of the Railways. “The Member Traction, Railway Board, has said that by March 2019, no diesel loco hauled train would be permitted in Delhi area...railways will be completely LED lit in the next eight months,” he said. Goyal also said that as of January 31, 2018, 279 electric locomotives have been built. “Now, let’s worry about how to convert this 279 into 1,000. We don’t have the lux
Jaitley asks GSTN to come out with foolproof e-way bill system

Jaitley asks GSTN to come out with foolproof e-way bill system

Logistics
The finance ministry has sought a report from GSTN, the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch. It wants GST-Network to detail system readiness before re-introducing the requirement for transporters to carry an electronic waybill or e-way bill for moving goods between states, said Finance Secretary Hasmukh Adhia. The e-way bill provision of the Goods and Services Tax (GST) was introduced yesterday but its implementation put on hold after system developed glitches in generating permits. Adhia said there is no going back on e-way bill, which is a tool for preventing tax evasion, and it will be re- introduced in "next few weeks" after the system is fully ready. Under GST,...
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Logistics, Market
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited towards Transportation of Coal/Sand and Loading by Pay-Loader / Excavator. Sealed application in prescribed format is invited from the bonafide and experienced contractors for registration towards undertaking the work of: (i) Transportation of Coal. (ii) Transportation of Sand. (iii) Loading by Pay – Loader. (iv) Loading by Excavator. The Application form along with the Notice Inviting Application may be downloaded from ECL website www.easterncoal.gov.in and Government portal www.tenders.gov.in till 31.08.2018 from 01.09.2016. In that case, a Demand Draft (Non - Refundable) of Rs. 573.00 (Rupees Five hundred & Seventy three only), drawn in favour of Eastern Coalfields Limited payable a
Transport Contract Tender for transportation of Telecom Duct from BSNL

Transport Contract Tender for transportation of Telecom Duct from BSNL

Logistics
Transport Contract for transportation of PLB HDPE Telecom Duct 200 KM from BSNL TF Gopalpur Kolkata-700143 to Port Blair & Mayabunder A& N Island on door delivery basis. Tender Ref. No : TFGP-PR-E Tender-17-0007 Tender Value Rs 77,00,000/- EMD : 154000 Document Cost : Rs 1000/- Eligible bidders are those who meet the eligibility conditions mentioned below: a) The eligible bidders should be Indian companies and or Firms. Firms registered as Transporter of goods with either Central Govt. OR State Govt. Authority. b) The Bidder shall have a minimum Annual Turnover of Rs One Crore from Transport Business during last Two years. Turnover Statement CA certified Turn over Certificate shall be submitted by th...