Teething troubles likely in e-way bill roll-out

Source: The Hindu Business Line, Jan 30, 2018

New Delhi: With the voluntary e-way bill mechanism getting underway and several States readying for roll out of e-way bill for intra-State movement, industry players say they expect initial teething challenges as faced during the GST roll-out.

E-way bills are electronic data of receipts generated during transactions between buyers and sellers that involve transporters. They are aimed at doing away with physical checking by State government officials, with an aim to improve efficiency in movement and widen tax revenue by preventing possible under invoicing.

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India’s air traffic doubles to 117 million passengers in 6 years

Source: LiveMint.com, Jan 24, 2018

New Delhi: India’s domestic air traffic nearly doubled to 117 million passengers in 2017 with 100 flights taking off every hour compared with 67 in 2011, data released by aviation regulator Directorate General of Civil Aviation (DGCA) on Tuesday showed.

India’s airlines flew 117.18 million passengers in 2017 compared with 59.87 million in 2011. They also registered an 18% growth over the 99.88 million passengers who flew in 2016.

Going forward, the feat of doubling air traffic at the same rate will be difficult, an industry analyst who did not want to be named said.“It will take a longer time because growth will be hampered by infrastructure issues. Plus, overall costs have gone up in the past decade,” he said.

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With nearly 47,500 flights, Mumbai-Delhi is world’s third busiest air route

Source: Business Standard, Jan 23, 2018

New Delhi: It is the third-busiest air route in the world, with as many as 47,500 departures and landings last year.

Yet despite reaching this position, the Mumbai-Delhi route could face serious challenges in sustaining or improving it this year. The reason? Hardly any additional capacity is now available at Mumbai airport to deploy more flights on this route.

But with the demand growing by 10-12 per cent annually, and with no possibility of adding more flights, flyers will soon face a hike in air fares this year.

According to OAG, an air travel intelligence firm based in the UK, the Mumbai-Delhi air route was the third-busiest in the world last year, with an average of 130 flights between the two cities every day. In 2016, India was number six in the pecking order of the busiest routes, and this calculation was based on the capacity deployed on the route one way. In 2017 only the Jeju-Seoul Gimpo route (with over 64,991 flights) and Melbourne-Sydney (54,519 departures and arrivals) were busier than Mumbai-Delhi. Read the rest of this entry »

E-way bill launch

Source: The Hindu Business Line, Jan 17, 2018

Bengaluru: Deputy Chief Minister of Bihar Sushil Kumar Modi assured businesses on Wednesday that the e-way bill will not suffer the kind of glitches that users experienced in the initial months of GST rollout.

Addressing media persons at the fortnightly Group of Ministers (GoM) meeting, he said the government has confidence in rolling out the e-way bill across 14 States from February 1 this year. Earlier, the GoM had proposed April 1 as the rollout date.

“After the success in Karnataka, we have advanced the launch,” said Modi, adding that this is the second phase of GST rollout.

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India plans common logistics portal to ease movement of goods, reduce logistics cost

download.jpgSource: The Economic Times, Jan 17, 2018

New Delhi: In a move to ease the transportation of goods, the government is planning a common platform integrating all transactions involved in their production and export.

The commerce department has initiated work on an integrated logistics portal or logistics e-marketplace to connect buyers with logistics service providers with all the government agencies such as customs, Port Community Systems, Sea and Air Port terminals, Shipping lines, Railways, among others. Customs department Icegate will also get integrated with the portal.

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GST impact on the logistics sector

Source: LiveMint.com, Aug 08, 2017

The logistics sector broadly comprises the road transport sector (consisting of unorganized small businesses, trucking, fleets and large transport companies), the storage and warehousing sector and finally third-party logistics (3PL). These can be further classified into big and small players and asset heavy/light companies. Given this classification, comparing industry performance as a whole is a complicated exercise. We tackle this by analysing data pertaining to 166 companies during 2010-2015 from the Centre for Monitoring Indian Economy (CMIE)’s industrial database to arrive at some useful insights into the industry’s performance.

We look at two key performance measures—profit after tax (PAT) as percentage of income and profit before interest, taxes, depreciation and amortization (PBITDA) as percentage of income.

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Niti Aayog clears six proposals for high-tech public transport

Source: The Economic Times, July 27, 2017

NEW DELHI: Mass rapid transportation technologies such as hyperloop, metrino and pod taxis could soon be a reality in India after Niti Aayog cleared half-a-dozen proposals of the transport ministry exploring options to improve public transport.

Following the go-ahead, the transport ministry has formed a six member committee, headed by a former top official of Railways, to study safety parameters associated with these technologies and global practices.

A senior government official at Niti Aayog told ET, the think tank approved the proposals of the transport ministry with a condition that the ministry conducts trial run of all these technologies and puts in place safety measures before starting commercially operation.

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