The power minister launched the pan-India real-time market (RTM) on June 3, 2020, placing the Indian electricity market in the league of a few electricity markets in the world that have RTM. RTM will provide […]
The Power Finance Corporation (PFC) and REC Limited have decided to offer loans at concessional rates to state distribution utilities under the Rs 900 billion liquidity infusion package to mitigate the impact of COVID-19 on […]
The finance minister has unveiled significant power sector reforms as part of the Atmanirbhar Bharat Abhiyan to mitigate the impact of COVID-19 on the economy. The government has announced tariff policy reforms to encourage consumer […]
The governments of India and Bangladesh signed the second addendum to the Protocol on Inland Water Transit and Trade on May 20, 2020. During the earlier discussions in October 2018 and December 2019, key decisions […]
The Central Board of Indirect Taxes and Customs (CBIC) has extended the 27×7 customs clearance facility at all seaports till June 30, 2020. The development comes in light of the CBIC’s efforts to facilitate faster […]
Container Corporation of India Limited (CONCOR) has shut 15 underperforming inland cargo terminals and has handed over the land on which they were operating to Indian Railways (IR). One of the terminals that has been […]
V.O. Chidambaranar port has reduced pilotage and berth hire charges by 10 per cent for vessels of up to 20,000 gross tonnage (GT). The new rates are effective retrospectively from January 1, 2020.
The Deendayal Port Trust (DPT) has revised the procedure for the levy of penal berth hire charges. For cargo handled on mechanised bulk berths, penal berth hire charges will be levied on shipping/vessel agents for […]
The JNCH has issued a circular stating the withdrawal of public notice nos. 24/2020 and 33/2020 regarding the facility for waiver of late fees for delayed filing of the bill of entry (BoE) via public […]
The Jawaharlal Nehru Custom House (JNCH) has issued a circular for the provisional assessment of consignments originating from China under the claim of duty exemption on the basis of country of origin certificate issued under […]
During the first two months (April-May) of the ongoing fiscal year 2020-21, Indian major ports handled 92.82 mt of traffic, as compared to 119.24 mt in the corresponding period of 2019-20, registering a decline of […]
During the first three months (April-June) of the ongoing fiscal year (2020-21), Indian major ports handled 141.92 million tonnes (mt) of traffic, as compared to 176.7 mt in the corresponding period of 2019-20, registering a […]
P-CaSo, a collaborative logistics platform, has been latched with the port community system, PCS1x. The move is expected to enable business-to-business and business-to-consumer digital solutions for Indian logistics users on PCS1x.
GOCON, a digital transport aggregator platform that connects trailer and truck operators with shippers, on-boarded the collaborative P-CaSo platform. This service is already live on PCS1x.
Portall, a logistics management application developed by the JM Baxi Group, has partnered with Return Trucks (RT), a digital platform that connects transport operators (trailers and truckers) for smooth cargo shipment. The RT service can […]
Mormugao port has decided to waive working anchorage charges, wharfage applicable at stream, and transhipper/floating crane charges for lighterage operations at west-of-breakwater (WOB) to vessels lightering at WOB, bringing the lightered cargo to public-private partnership […]
Tata Consultancy Services (TCS) has deployed its terminal operating system (ToS), TCS DynaPORT, at Adani Ports and Special Economic Zone Limited’s Mundra T4 terminal. DynaPORT is a one-stop solution for order-to-invoice processes and supports multimodal […]
The Central Board of Indirect Taxes and Customs (CBIC) has introduced IT functionalities for supporting contactless customs under its flagship programme, Turant Customs. It has also introduced modern testing equipment in the Central Revenues Control […]
As of May 31, 2020, the Indian shipping industry had a fleet of 1,435 vessels of 12.75 million gross tonnage (GT) and 19.37 million dead weight tonnage (DWT). Of these vessels, 976 were coastal vessels […]