New world record: Mumbai airport handles 969 flights in 24 hours

Image by:- T. Laurent Mumbai broke its previous record of handling 935 flights in 24 hours by tackling 34 additional arrivals and departures between Friday and Saturday last week. This is a noteworthy feat especially because Mumbai has two runways that intersect, allowing only one to be operational at a time. Thus, safely and punctually … Continue reading “New world record: Mumbai airport handles 969 flights in 24 hours”

1% cost cut in logistics would add $10 billion to India’s GDP

Image by: Ashwin John – Flickr Logistical inefficiencies bottleneck internal movement of goods and compound costs of international trade thus robbing potential revenues from both domestic and global markets. Logistics costs account for 14% of Indian GDP, compared with 10% in China and just 8% in the United States. The high cost of getting goods … Continue reading “1% cost cut in logistics would add $10 billion to India’s GDP”

India-Singapore trade could touch USD 25 billion by 2020

India-Singapore bilateral trade has shown a strong growth trajectory in recent years, making India optimistic of achieving USD 25 billion, up from the current level of USD 17 billion in trade with Singapore by 2019-20. FIEO has reported that India’s export to Singapore grew by 23% in the last fiscal while bilateral trade between the … Continue reading “India-Singapore trade could touch USD 25 billion by 2020”

3 port roads identified under Sagarmala project

The Centre recently identified three port road plans encompassed by India’s ambitious Sagarmala project. All 3 new connections are located in Odisha and aim to boost the State’s economy through increased access. The Sagarmala programme originally proposed 79 such port road connections which were rejected due to a lack of adequate land parcels required to … Continue reading “3 port roads identified under Sagarmala project”

GST update: breaking down the electronic way bill

This post is an overview of a newly announced domestic transport procedure that we believe will significantly affect the movement of cargo across India. The bill is not fully released as yet. For further information please visit the Goods and Services Tax Network, email info@gstn.org.in or call the live help line 011-49111200. What is an … Continue reading “GST update: breaking down the electronic way bill”