BUSINESS
Diesel price hike adversely affecting truckers, industry demands rollback
With the transporters freight under pressure due to high operating costs, the All India Motor Transport Congress has demanded roll back of the diesel price hike.
BUSINESS
Modi 2.0: High logistics costs mar shipping industry as it awaits clearance of Major Ports Bill
India plays a key role in global maritime trade due to its strategic location, and accounts for over 2.1 percent of global trade. Maritime trade contributes over 95% of trade by volume and over 70% by value in India.
BUSINESS
Modi 2.0: Shorn of investments, infrastructure sector at a crossroads
According to government data, nearly 61 percent of the ongoing projects are delayed. Also, due to the COVID-19 crisis, investment in infrastructure could be further affected.
BUSINESS
MSMEs want global tenders to be compulsorily replaced
The move is aimed at protecting MSMEs adversely affected due to the lockdown and to ensure assured demand for their products and services
BUSINESS
Banks reluctant to lend under Credit Guarantee Scheme to MSMEs: Experts
CGTMSE was set up by the government and the Small Industries Development Bank of India (SIDBI) to ensure availability of bank credit without the hassle of collateral or third-party guarantee to MSMEs.
BUSINESS
Change in definition of MSMEs will lead to more output orientation: Experts
Sitharaman also said the distinction between manufacturing and service units for MSMEs had been removed.
BUSINESS
FM announces Rs 50,000-cr equity infusion through 'Fund of Funds' for MSMEs
MSMEs are facing severe shortage of capacity. Fund of funds with corpus of Rs. 10,000 crore will be set up.
BUSINESS
MSMEs seek restructuring of NPA accounts to avoid bankruptcy
Over six lakh MSME loans were restructured as of March 31. The government expects over 25 lakh MSME loans may be restructured by December 31
BUSINESS
Government waiver of detention charges leads to congested port terminals; industry seeks rollback
The industry has sought reduction in the Vessel Related Charges levied by the government by at least 30 per cent, over the current levels.
BUSINESS
Coronavirus lockdown | Less than 30% of truck fleet operating amid restrictions
AIMTC has sought an extension of e-way bill validity at least until May 31, 2020
BUSINESS
COVID-19 impact | Railways privatisation may get a shot in the arm
Railways has proven to be a key contributor in India's response to COVID-19 crisis. Freight and parcel trains have been transporting essential commodities and other items when other modes of transport have come to a halt.
BUSINESS
Ensure there are no blockades at inter-state borders: Nitin Gadkari to states
The Ministry of Road Transport also plans to start a helpline to resolve transportation issues.
BUSINESS
Shipping Minister assures quick evacuation of 30,000 stranded Indian seafarers
More than 30,000 Indian seafarers are stuck in their ships at ports in COVID-19 affected countries like the US, UK, Italy and Spain.
BUSINESS
Flagging lack of funds, truckers want toll suspended, cheaper fuel
Truckers say there is no unloading at ports like Mundra, Kandla, JNPT. Containers have piled up as industries are closed.
BUSINESS
New definition of MSMEs likely to include combination of turnover and investment
While the previous order has now lapsed, the government is likely to bring in the order through an ordinance.
BUSINESS
Coronavirus impact | Transporters demand suspension of toll collection as fees hiked
AIMTC has sought suspension of toll collection during the period of the nationwide lockdown until May 3 to ease burden on small enterprises.
BUSINESS
Interest subvention and fund of funds scheme may help MSMEs stay afloat
MSME representatives support the extension of new credit lines. However, they remain wary of business picking up anytime soon.
BUSINESS
COVID-19 impact | Highway builders in a bind over force majeure notification
Some local field officers and independent engineers are rejecting COVID-19 as a force majeure event in certain cases, according to the National Highway Builders Federation.
BUSINESS
Coronavirus impact |Road construction cannot begin even after May 3, says NHBF
In a letter to the Ministry of Road Transport and Highways and National Highways Authority of India, NHBF stated that the supply chain for materials is in doldrums.
BUSINESS
Relief for MSMEs as RBI announces TLTRO targeted at NBFCs, MFIs
The latest move by RBI may help SMEs survive the current crisis as they suffer from working capital issues.
BUSINESS
Coronavirus impact | Road transport sector seeks soft loans
The MHA guidelines issued on April 15 allowed movement of all trucks and other goods and carrier vehicles. An empty truck or vehicle will be allowed to ply after the delivery of goods or for pick-up of goods.
BUSINESS
Exporters hope for interest subvention scheme to help MSMEs counter coronavirus crisis
The sector also contributes about 25 percent to the country's gross domestic product from service activities and over 33 percent to the manufacturing output of India.
BUSINESS
Coronavirus Lockdown 2.0 Guidelines | Government to allow road construction in certain areas after April 20
The order, however, suggests that the movement of labour will remain restricted and only local labour will be allowed
BUSINESS
Coronavirus Lockdown 2.0 Guidelines | Empty trucks will be allowed to ply to ease supply chain operations
To ensure driver fleet returns to work, trucks will be allowed with two drivers and one helper
