Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Rising e-way bills for May indicate a resumption in economic activities

"It does indicate a revival in economic activity to some level. We have witnessed increased vehicular movement from May 18 onwards as the home ministry relaxed the guidelines," said Mahesh Jaising, Partner, Deloitte India.

June 08, 2020 / 12:59 PM IST

Generation of e-way bills for the month of May touched 11.4 lakh per day in the last week of the month, taking the daily average for the whole month to 8.2 lakh, almost thrice of the figure generated in April.

Details of e-way bills are issued by a government portal after relevant information is provided, regarding cargo, sender and other inputs.

Though May has seen a rise, the data for the whole month is still only half of February, as the lockdown was lifted only on May 4, the last full month before lockdown. February saw 19.2 lakh of bills being generated on a daily basis.

In April, the total number of e-way bills issued stood at 86 lakh, which comes to 2.9 lakh per day, as against 13.2 lakh in March.