As per a statement issued by the portal, the following features has been enabled.
Auto calculation of route distance based on PIN code for generation of EWB
Now, E-waybill system is being enabled to auto calculate the route distance for movement of goods, based on the Postal PIN codes of source and destination locations. That is, the e-waybill system will calculate and display the actual distance between the supplier and recipient addresses. User is allowed to enter the actual distance as per his movement of goods. However, it will be limited to 10% more than the displayed distance for entry. That is, if the system has displayed the distance between Place A and B, based on the PIN codes, as 655 KMs, then the user can enter the actual distance up to 720KMs (655KMs + 65KMs).
Transporters should not start overloading as per new prescribed standards until they get new taxes receipt with increased capacity intimation. As per newspaper report the vehicle can be seized otherwise.
Shares of logistics companies were in focus and rallied by up to 8% on the BSE on expectations of impressive growth in the current financial year 2018-19.
TCI Express, Sical Logistics, Patel Integrated Logistics, Allcargo Logistics, Transport Corporation of India and VRL Logistics were up in the range of 2% to 8% on the BSE. In comparison, the S&P BSE Sensex was up 0.78% at 37,454 points at 10:38 am.
The union finance ministry has approved approximately Rs 3,500 crore for second phase of Faster Adoption & Manufacturing of Hybrid and Electric vehicles (FAME) policy to press on the sale of electric automobiles in India
An intensive training programme by the Central Institute of Road Transport (CIRT) aims to train drivers who can be readily inducted into private and government transport sectors, in order to combat the shortage of trained drivers, especially those who can drive Heavy Motor Vehicles (HMVs). The institute is located in Pune and operates under the aegis of the Ministry of Road Transport and Highways.
To Lower the burden of logistics cost of business estimated at around 14%, the government is planning to enact a new law to regulate logistics sector towards organised trade, It is also planning to simplify processes and procedures