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What do Indian logistics leaders expect from Union Budget 2023-24?

28 Jan 2023 4:30 AM GMT

Infrastructure has been the common word among all stakeholders in the value chain while expressing their expectations for the upcoming union budget...

Cargo drones in India are increasing in popularity among corporate sectors as well

India enters new era of cargo drones; more sectors to see their deployment

21 March 2022 6:55 AM GMT

The recent Indian Budget for fiscal year 2022-23 saw drones emerging not only as a key talkabout, but also found its place in the GoI's large scheme...

During the pandemic induced lockdowns, the sector has stood the test of time by supporting the movement of essentials and non-essentials. Now it is expecting the government shower much-needed attention to it.

Budget 2021: 10 things logistics industry expects from Nirmala Sitharaman

29 Jan 2021 5:49 AM GMT

January 29, 2021: Finance minister Nirmala Sitharaman will be presenting India’s union budget for FY 2021-22 before the parliament on February 1,...

The move is expected to help Indian MRO service providers to invest more in infrastructure and capabilities due to the level playing field with foreign companies.

India slashes GST for aircraft MRO from 18% to 5% to boost local business

16 March 2020 10:04 AM GMT

March 16, 2020: The Goods and Services Tax (GST) council has slashed the tax rate on aircraft maintenance, repair and overhaul (MRO) services from 18...

The budget has also promised 100 new airports by 2024, flight & railway cold chain for farmers to transport perishables, electrification of 27,000 railway tracks, corporatization and listing of at least one port and the completion of National Waterway- 1.

Budget 2020: Stocks of logistics companies rose up to 3.97% after Rs 1.7 lakh crore allocation

4 Feb 2020 10:23 AM GMT

February 4, 2020: Stocks of seven important transport companies rose on February 1 after Finance minister Nirmala Sitharaman presented the Union...

The budget allocated Rs 1.7 lakh crore for the transportation sector in 2020-21, Rs 19.6 lakh crore for roads, Rs 13.69 lakh crore for railways, Rs 1.43 lakh crore for airports and Rs 1.01 lakh crore for ports.

Budget 2020: What does it mean for transportation & logistics?

3 Feb 2020 12:48 PM GMT

February 3, 2020: Finance minister Nirmala Sitharaman delivered her Union Budget 2020-21 speech on February 1 which received a negative response from...

The government will release its stake of 53.29% in BPCL, 63.75% in SCI, 30.8% in CONCOR, 74.23% in THDCIL and 100% in NEEPCO.

Govt to sell stake and transfer control of 5 PSUs including SCI, CONCOR and BPCL

21 Nov 2019 7:14 AM GMT

November 21, 2019: The Prime Minister Narendra Modi led cabinet committee on Wednesday gave the approval to sell more than 51 percent stake and...