Members of 32 transport unions said they have been impacted by the Shakti scheme, a free bus travel scheme for women in Karnataka
Vivek Kamra, President, JK Tyre said from an industry perspective they haven‘t seen an impact on tyre demand in commercial vehicle segment but only in passenger car and two-wheelers.
CNBC-TV18's Prashant Nair & Yash Jain did a ground check on how the government's move to suspend the Rs 500 and Rs 1000 notes is affecting the truckers and transporters of the country.
Transporters said large position of trucks in the market against cargo movements, mainly pulled down freight rates.
Under the initiative, cargo owners -- both businesses and individual users -- can access the SmartShift service through a mobile app available on Android, website or the dedicated call centre, M&M said in a statement.
Transporters said besides restricted cargo movements, ample position of trucks in the markets, largely kept freight rates at previous levels.
Transporters said tight cargo movements against easy availability of trucks in the markets, mainly pulled down some of centres freight rates.
While delivering the order, Justice Swantanter Kumar said they should be permitted to pay the royalty in installments. As the expert committee has assessed that the 6.3 million tonnes of extracted coal was worth Rs 3,078 crore, the royalty payable to the state is about Rs 400 crore.
Vinod Aggarwal, chief executive officer of VE Commercial Vehicles joins CNBC-TV18 to interpret the effect of rate hike on his company and the auto sector.