Modest growth for major ports in April-July period

The major ports in India have recorded a growth of 4.13% and together handled 231.48 Million Tonnes of cargo during the period April to July, 2018 as against 222.29 Million Tonnes handled during the corresponding period of previous year. During this period nine Major Ports – Kolkata (incl. Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic. The highest growth was registered by Kamarajar Port (12.18%), followed by Cochin (10.30%), Paradip (8.31%), New Mangalore ( 7.88%) and Kolkata [inc. Haldia] (7.74%). Deendayal (Kandla) Port…

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Exports growth continues to be in positive territory

Exports during July 2018 were valued at US $ 25.77 billion as compared to US $ 22.54    billion during July 2017 exhibiting a positive growth of 14.32 per cent. In Rupee terms, exports were valued at Rs. 1,77,041.47crore in July 2018 as compared to Rs. 1,45,308.10 crore during July 2017, registering a positive growth of 21.84 per cent.        During July 2018, major commodity groups of export showing positive growth over the corresponding month of last year are engineering goods, gems and jewellery, drugs & pharmaceuticals. Cumulative value of exports…

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Fastags adoption at a fast pace

The Ministry of State for Road Transport and Highways’ Fastags (cashless movement of vehicles  via toll plaza ) adoption programme is unfolding at a steady pace. According to a recent ministry release, at the beginning of this month, 26,59,042 RFID Tags have been issued in the country.  “Government has taken a number of steps to popularise FASTags among highway users. To facilitate easy availability of FASTag, it is being made available through kiosks set up by tag-issuer banks and also through online platforms. Mobile applications such as My FASTag have…

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Akshay Kumar is the new face of road safety campaigns

A day prior to independence day celebrations,  Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari  launched three short films for generating public awareness towards road safety. Film actor Akshay Kumar has featured in these films and on the occasion Gadkari also announced the appointment of the popular actor as Road Safety Brand Ambassador. Appreciating Akshay Kumar’s concern for social activism, the Minister recalled his recent movies ‘Padman’and ‘Toilet : Ek Prem Katha’ which have gone a long way in passing the…

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Record breaking quarter for American Airlines

Driven by nearly 350 million pounds (158 million kilograms) of freight, up from 318 million (144 million kilograms) the same time last year, American Airlines Cargo achieved record-setting growth in the second quarter, while also posting a record month in June. Several key trends contributed to the record month and quarter. E-Commerce related movements supported significant growth across the network, particularly out of Asia, Europe and Brazil, while pharmaceuticals, fruit and flowers were the largest growing commodities throughout the timeframe. Other factors driving the success of the second quarter included:trucking…

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IWAI launches dedicated portal for real time data

The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels. The landmark e-connect measure will enable direct interaction among the vessel operators, shippers and cargo owners as currently, there is no platform to know the availability of vessels in the market. It has been designed and developed by the in-house IT Department and the Traffic Wing of IWAI as part of its preparedness for optimal use of its ongoing capacity development on various National Waterways.…

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Over 15 crore e-way bill generated by July end

The E-way Bill, launched on 1st of April on pan-India basis after a skewed start in February, has seen a tremendous surge in compliance. According to a government release, over 15 crore e-way bill has been generated in the country by the end of July. And this owes to the introduction of an upgraded system which is capable of generating 75 lakh bill every day. The release says that by July end, a total of 7,58,75,207 E-way bills for intra-State movement and 7,81,51,096 E-way bills for Inter-State movement of goods…

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Emirates Skywards takes over flydubai’s frequent flyer programme

Emirates Skywards has replaced flydubai’s frequent flyer programme, OPEN, officially becoming the loyalty programme of Emirates airline and flydubai. The initiative became effective from early this month. The alignment of the loyalty programme now allows Emirates Skywards members to also earn Skywards Miles and Tier Miles when travelling on both airlines. Former OPEN members can enrol into Emirates Skywards to continue earning Miles on flydubai. The alignment of the loyalty programme for both airlines builds on Emirates and flydubai’s close partnership which includes code-sharing on an extended global route network…

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Investment in logistics to touch $500 billion, says Suresh Prabhu

Post-GST, the logistics sector in the country is slated to touch new heights as the process of scaling up and process streamlining gets new push. The government too is expecting big-scale growth in the business and according to Union Minister of Commerce and Industry Suresh Prabhu, investment in logistics including related infrastructure will touch a staggering $500 billion by 2025. Speaking on the occasion of unveiling of the new logo of the Logistics Wing of his ministry, Prabhu also said that improvement and increasing investment in logistics will create millions…

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Core Industries grew by over 6 % in June

The Eight Core Industries comprising two-fifth of the Index of Industrial Production (IIP) grew at a modest pace of 6.7 per cent in comparison to the corresponding month figure last year. Coal production registered a double-digit growth of 11.5 per cent in June, 2018 over June, 2017. The growth in refinery products was much higher at 12 percent. At 13.2 percent, the highest growth, however, was witnessed in the cement output. Crude Oil production, on the other hand, declined by 3.4 per cent in June, 2018 over June, 2017. And a…

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