Friday, September 20, 2019

Rs 1.45 lakh cr #CorporateTaxcut : Good or Bad for Indian #Economy ?

Monday, September 16, 2019

Launch of AMR hub in #Kolkata to boost fight against antibiotic-resistant superbugs

The new AMR hub in Kolkata  developed in collaboration with the USA aims to identify antibiotics that work best against fighting diseases and frame a policy for use of antibiotic medicine in the country.It will carry out basic research and have a repository of viral strains that are being collected from all over the country. The repository has started receiving strains which will be characterized and used to identify if they have resistance to antibiotics.

US ambassador to India Kenneth I Juster, who was present at the AMR inauguration in Kolkata  pointed out that antibiotic resistance is rising in India, which makes India an important partner in the fight against this menace.

Friday, September 13, 2019

Electrical fires can be prevented with strict regulations, standards & innovative solutions

Speaking at the event Sanjeev Ranjan, Managing Director, ICA India said, “In India there are on an average 13 fatalities per day due to electrical accidents. This not only, is a loss to the economy, where crores of rupees are spent on compensation and maintenance but also endangers life. We at ICA India strive to empower people with knowledge to overcome electrical hazards through our campaigns and initiatives. As the old adage says 'prevention is better than cure', applies aptly to electrical hazards and fire accidents as well. Using the right circuit integrity cables or fire survivable cables for public buildings can prevent loss of life and property. We hope that by sharing the knowledge and driving these facts we would be able to arrest these unfortunate incidents.”

The experts from the regulatory bodies pointed out how despite having sufficient regulations and standards in place we are still struggling with better electrical safety applications due to lack of awareness amongst the masses.Debashish Banerjee, Managing Director, CESC said “There have been several fire incidents over the last six months that were caused by improper wiring standards. Awareness on electrical fire safety is extremely essential and events such as these help immensely towards that aim.

Monday, September 2, 2019

Saturday, August 10, 2019

Friday, August 9, 2019

Air cargo delivery industry needs special focus in the Draft National Logistics Policy says @EICIIndia

Express Industry Council of India (EICI), which represents leading express companies in the country, today said the government has overlooked express industry, especially air cargo segment, in the draft national logistics policy. EICI also said that air cargo delivery needs special focus to reduce logistics costs in the country.

“We laud the efforts in preparing the draft policy covering a broad spectrum of focus areas to drive the growth of Indian logistics sector. However, we note that the policy document does not focus on express industry and air cargo sectors, which are integral parts of the logistics network. The air express has also been overlooked in the multi modal mix even though air is an essential segment of the movement of goods,” EICI said. 
It further added that “In developing countries like India, an efficient air express infrastructure contribute directly to global competitiveness of the country by ensuring just in time deliveries and reduced clearance dwell time. Further, efficient express delivery industry acts as an economic catalyst by opening up new market opportunities, moving products and services with speed and efficiency”.

The government had issued the draft national logistics policy early this year, aiming to reduce the logistics costs from 13-14% of GDP to 10% “in line with best-in-class global standards”. The policy also seeks to optimize the current multi-modal mix, where road has a share of 60%, while railways account for 31% and waterways 9%, to bring the sector on par with international benchmarks (25-30% share of road, 50-55% share of railways, 20-25% share of waterways).

Aviation Turbine Fuel (ATF) is the single largest component of direct operating cost with a share of 40%. Excise duty and VAT charged by central and state governments, respectively, on ATF add another 30-35% cost. Making the matter worse, the GST regime disallows input credit on ATF, increasing the tax burden on express cargo airlines further.

“Such exorbitant costs severely affect the sustainability of express air cargo operations and excludes access into this reliable and speedy form of air transportation of items like perishables that would benefit both the producer and customer across the country and globally,” EICI said.

“The government should permit express cargo airlines to avail input credit of excise duty as was done before GST regime. ATF should be brought under GST and input credit on GST paid on ATF should be made available to express cargo airlines,” EICI added. EICI represents both domestic and international express companies operating in India including Aramex, FedEx, Blue Dart, DHL, DTDC, First Flight, GATI, TNT and UPS.
EICI also suggested measures to streamline E-Way Bill system. “The onus of the EWB should shift from the transporter to the shipper as they have complete control on the content of the shipment. This will ensure that the right EWB is being generated and also impact the transit time positively as time bound delivery is a critical aspect in the express business industry.”
“We also urge the government to introduce single window clearance for courier clearances to reduce EXIM dwell time. Skill development plans and training programs are required for the training of new roles such as last mile delivery associates, operations processing staff that work mainly with Express and Third party logistics (3PL) players, the government should focus on this aspect as well.” EICI said.
As per a Deloitte Report entitled ‘Indian Express Industry – 2018 A multi-modal play in building the ecosystem’, India’s logistics sector is projected to be worth $215 billion by 2020-21. The industry's growth will be fuelled by the strides in manufacturing, retail, fast-moving consumer goods and e-commerce sectors. Development of logistics related infrastructure, like dedicated freight corridors, logistics parks, free trade warehousing zones and container freight stations, are expected to improve efficiency, the report added.

Tuesday, August 6, 2019

Monday, August 5, 2019