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Diesel price hike adversely affecting truckers, industry demands rollback

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.

Modi 2.0: High logistics costs mar shipping industry as it awaits clearance of Major Ports Bill

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.

Modi 2.0: Shorn of investments, infrastructure sector at a crossroads

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.

MSMEs want global tenders to be compulsorily replaced

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

Banks reluctant to lend under Credit Guarantee Scheme to MSMEs: Experts

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.

Change in definition of MSMEs will lead to more output orientation: Experts

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.

FM announces Rs 50,000-cr equity infusion through 'Fund of Funds' for MSMEs

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.

MSMEs seek restructuring of NPA accounts to avoid bankruptcy

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

Government waiver of detention charges leads to congested port terminals; industry seeks rollback

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.

Coronavirus lockdown | Less than 30% of truck fleet operating amid restrictions

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

COVID-19 impact | Railways privatisation may get a shot in the arm

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.

Ensure there are no blockades at inter-state borders: Nitin Gadkari to states

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.

Shipping Minister assures quick evacuation of 30,000 stranded Indian seafarers

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.

Flagging lack of funds, truckers want toll suspended, cheaper fuel

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.

New definition of MSMEs likely to include combination of turnover and investment

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.

Coronavirus impact | Transporters demand suspension of toll collection as fees hiked

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.

Interest subvention and fund of funds scheme may help MSMEs stay afloat

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.

COVID-19 impact | Highway builders in a bind over force majeure notification

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.

Coronavirus impact |Road construction cannot begin even after May 3, says NHBF

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.

Relief for MSMEs as RBI announces TLTRO targeted at NBFCs, MFIs

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.

Coronavirus impact | Road transport sector seeks soft loans

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.

Exporters hope for interest subvention scheme to help MSMEs counter coronavirus crisis

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.

Coronavirus Lockdown 2.0 Guidelines | Government to allow road construction in certain areas after April 20

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

Coronavirus Lockdown 2.0 Guidelines | Empty trucks will be allowed to ply to ease supply chain operations

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

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