The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
Tag: Railways
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Minister of Railways unveils ´Mission 41k´
Minister of Railways Suresh Prabhu unveiled ´Mission 41k´ during a roundtable discussion with external stakeholders on energy initiatives taken up by the Indian Railways.
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Rs.2,41,000 cr for transport infra in Union Budget
The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. ´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
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Karnataka, Centre to sign MoU for Bengaluru’s suburban rail system
Karnataka and the Centre will sign a Memorandum of Understanding (MoU) in Bengaluru to pave way for the city's first suburban rail system — a long-pending demand of citizens and civic groups.
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Gujarat signs Rs 67 k cr MoU for Ahmedabad-Mumbai bullet train project
The Gujarat government has signed a memorandum of understanding (MoU) worth Rs 67,000 crore with the National High Speed Rail Corporation Limited (NHSRCL) during the Vibrant Gujarat Global Summit for component manufacturing for the Ahmedabad-Mumbai bullet train project.
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Odisha can revitalise its steel industry
Odisha has played a pivotal role in the emergence and growth of the steel industry in the country. Blessed with abundant iron ore, the state made rapid strides in steel. Besides iron ore (32.9 per cent of the country´s reserves), Odisha has abundant reserves of bauxite (59.95 per cent), chromite (98.4 per cent), coal (24.8 per cent) and manganese (67.6 per cent), which provide immense opportunities.
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By 2050, 60percent of India´s population will reside in towns
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
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We are constrained by our limited dredging capacity
The Inland Waterways Authority of India (IWAI) was set up in 1986. Since then till 2008, only five waterways could be declared as National Waterways. Work could be started on only three of them: National Waterway or NW-1 that is the Ganga National Waterway, NW-2 that is the Brahmaputra Waterway and NW-3 comprising the backwaters of Kerala.
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Shipshape Strategy
The Centre is preparing a multimodal transport hub plan to integrate roads, railways, air and water ports.
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All Work, Before Play
When in August this year, India sent its largest ever delegation to the Summer Olympic Games held in Rio de Janeiro, Brazil, most expected the country to further improve on its performance over the London edition of the games which had been held four years earlier.