Budget for Transport Sector: Budget Impact on Transport Sector, Budget Sectoral Impact on Transport Sector

Budget proposes simpler tax regime for foreign cruise operators in India

The Bharatiya Janata Party (BJP) has promised to encourage the growth of the Indian maritime sector through legislative changes, according to its election manifesto for the 2024 Lok Sabha Elections.

Mazagon Dock, SCI, other shipping stocks sink as Budget 2024 skips PLI, Maritime Fund announcement

Shipping stocks fell up to 3 percent as the Budget 2024 lacked significant sector-specific announcements, although reforms in ownership, leasing, and flagging were mentioned to boost the Indian shipping industry.

MC Exclusive: Centre to consider a Rs 5,000 crore PLI scheme for shipping containers in Budget ‘24

Budget 2024:Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.The quantum of the new PLI scheme has been halved to Rs 5,000 crore from Rs 11,000 crore.

Logistics industry pushes for western DFC, steps to boost export in Budget 2024-25: Gateway Distripark Jt MD

Industry, government and stakeholders across the supply chain are working towards creating a robust and globally competitive logistics ecosystem which is the backbone of economic growth.

Shipping stocks rally as industry expects Maritime Development Fund, PLI scheme revival in Budget 2024

Shipping and shipbuilding stocks surged as investors anticipate the Union Budget 2024 will boost the sector with a revived PLI scheme, a maritime development fund, and green shipping initiatives.

India plans to increase cargo movement via inland waterways, ports to 30,000 tonne per day by 2030, says Economic Survey

The Survey highlighted the importance of the shipping industry for India saying that "geopolitical tensions and export restrictions on food and fertiliser have emerged as key risks to India's rising export of goods and services."

India has Rs 6 lakh cr worth of assets for monetisation, reiterates Economic Survey for 2023-24

The Economic Survey for 2023-24 said that in the last financial year, transactions aggregating to Rs 1.51 lakh crore in accruals or private investments were completed, 1.55 times those achieved in 2021-22.

PM Gati Shakti and National Logistics Policy have helped improve logistics efficiency says Economic Survey 2024

India scored 93.5 percent in 2023 in the United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation vis a vis 90.3 percent in 2021.

Why a populist Budget won’t be bad, after all

A populist budget helps the incumbent government to gain back the reduced confidence and ensure continuity with stronger confidence.

Highway monetisation peaked at Rs 40,314 crore in 2023-24 says Economic Survey 2024

Economic Survey 2024: The average pace of national highway construction increased by 3 times from 11.7 km per day in 2013-14 to 34 km per day by 2023-24.

Core services inflation eases to a nine-year low in FY24

Core inflation in June stood at 3.1 percent, sharply lower than 7.1 percent in February 2022

Budget 2024: Shipping industry eyes revamped PLI scheme, green initiatives

Union Budget 2024: The shipping industry anticipates the Budget to greenlight revised PLI schemes, port modernization funding, green shipping incentives, and potential extensions of financial aid policies.

Budget 2024: Agri industry hopes for measures to bolster infrastructure, increase production

A major pain point for the agriculture industry has been inflation and exacerbating climate change woes. To address this, the industry hopes for the government to announce incentives for key crops to boost farmers' incomes and tackle persistent food inflation.

MC Exclusive: Centre may revive PLI scheme for manufacture of shipping containers in budget ‘24

Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.

Budget 2024 to boost logistics infra with multimodal connectivity: Allcargo CFO

The interim budget tabled in the Parliament, earlier this year, signalled the government's relentless focus on strengthening infrastructure and connectivity for a broad-based economic growth.

Budget for Transportation Sector