Monthly Archives: October 2017

JNPT gets 12 bids to move containers under ‘direct port delivery’ scheme

October 21st, 2017 | Esther Parimala | Tags:

Oct 20, 2017 Jawaharlal Nehru Port Trust (JNPT), has received 12 initial bids from transporters on a tender for evacuating import containers from the four terminals of India’s busiest container port to five locations and their nodes. The tender is part of a plan to speed up imports through the direct port delivery (DPD) programme and, thereby, cut transaction cost and time. The tender — a first of its kind in India — involves selecting as many as seven big road transporters who will deploy some 2,665 tractor trailers (TTs) […]

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Reformative measures like GST will improve economy: Naidu

October 21st, 2017 | Esther Parimala | Tags:

Oct 20, 2017 The Vice President of India, M. Venkaiah Naidu has said that reformative measures like the introduction of GST will improve the economy. He was addressing the 90th anniversary celebration of Andhra Chamber of Commerce, in Chennai, Tamil Nadu on Tuesday. The Governor of Tamil Nadu, Banwarilal Purohit and the Minister for Fisheries, Personnel and Administrative Reforms, Tamil Nadu, D. Jayakumar were present on the occasion. He said, Reformative measures like the introduction of GST will improve the economy in the long run, although there might be some […]

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Freight rates up on busy cargo movements

October 21st, 2017 | Esther Parimala | Tags:

  Freight rates for the nine-tonne payload section for select destinations for Southern regions quoted higher by Rs. 1000 at the local trucks transport market in the national capital today following increased cargo movements against tight availability of trucks. Transporters said pick up in cargo movements in view of festive season against less availability of trucks mainly kept freight rates for select Southern regions higher. Delhi to Bengaluru, Chennai and Mysore were up by Rs. 1,000 each to Rs. 64,000, Rs. 66,000 and Rs. 68,000 respectively. Following are today’s freights […]

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JNPT hikes toll rates on cargo arriving/departing by road

October 21st, 2017 | Esther Parimala | Tags:

Jawaharlal Nehru Port Trust (JNPT) has raised the toll rates on cargo going in and out of the gate complexes of the country’s busiest container gateway. The rates have be hiked by ?27 a container and by ?2 a tonne on project and liquid cargo passing through a four-lane road. The new toll rates will be ?267 for a twenty-foot equivalent unit (TEU) and ?22 per tonne for project cargo/liquid cargo. The user fee for cement and LPG has been retained at ?5 per tonne. The tolls are collected from […]

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India plans to spend $308 million to improve weather forecasting 

October 20th, 2017 | APTSO EXPORTS™ | Tags:

India plans to spend $308 million to improve weather forecasting  Oct 18, 2017 India is planning to enhance its meteorological forecasting capability to more accurately predict severe weather in a localized manner. The Ministry of Earth Sciences will send a proposal to the government for spending 20 billion rupees ($308 million) in five years to install more radars, supercomputers and special observatories, said M. Rajeevan, secretary of the ministry. The modernization program will help the country forecast rain in a small geographical area. In August, the heaviest rainfall since 2005 […]

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UK looks to secure new trade deal with India

October 20th, 2017 | APTSO EXPORTS™ | Tags:

UK looks to secure new trade deal with India Oct 18, 2017 The UK is looking forward to secure a new trade deal with India and work more closely with business communities as it prepares to leave the EU, said Priti Patel, the first Indian-origin minister in the British Cabinet. atel, the Secretary of State for International Development, expressed confidence that the “flourishing” relationship between India and the UK will be further strengthened under the “inspirational” leadership of Prime Minister Narendra Modi as she hosted the annual No 10 Downing […]

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Centre plans to intensify horti-crop cultivation

October 20th, 2017 | APTSO EXPORTS™ | Tags:

Centre plans to intensify horti-crop cultivation Oct 18, 2017 The Central government has identified 185 districts across the country for intensification of horticulture cultivation using remote sensing and geo-spatial technologies. The government has identified three fruit crops — banana, mango and citrus — and vegetable and spice crops, such as potato, onion, tomato and chilli, under the programme. The initiative is being undertaken as part of a project launched three years ago, called Chaman or Coordinated Horticulture Assessment and Management using Geoinformatics, Agriculture Minister Radha Mohan Singh said here on […]

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Commerce Ministry to set up regulatory review committee under DIPP 

October 20th, 2017 | APTSO EXPORTS™ | Tags:

Commerce Ministry to set up regulatory review committee under DIPP  Sep 27, 2017 The commerce and industry ministry has decided to set up a review committee to look into regulatory issues being faced by the industry, Union minister Suresh Prabhu said today. The decision was taken in a meeting convened by the minister with industry chambers including Ficci, PHDCCI, CII and senior government officials. Prabhu said the interaction was mainly to look at ways through which both the ministry and the industry can work together to push the growth to […]

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India is world’s 40th most competitive economy

October 20th, 2017 | APTSO EXPORTS™ | Tags:

India is world’s 40th most competitive economy: WEF  Sep 27, 2017   India has been ranked as the 40th most competitive economy — slipping one place from last year’s ranking — on the World Economic Forum’s global competitiveness index, which is topped by Switzerland. On the list of 137 economies, Switzerland is followed by the US and Singapore in second and third places, respectively. In the latest Global Competitiveness Report released today, India has slipped from the 39th position to 40th while neighbouring China is ranked at 27th. India stabilises […]

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