Enhancements in Eway Bill

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).

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Logistics Firm Shares at all time high

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.

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Rs 3.5K cr for Electric-powered public transport

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

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Morth Initiative to Combat Skilled Drivers Shortage

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.

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Loading at increased weight limit starts

The load carrying capacities of heavy vehicles, including trucks, have been increased by 20-25 per cent at par with global standards.

For Details on load limits please read our earlier post Revised GVW-of-Transport-Vehicles-2018-India

Many State Governments have now passed orders to allow truck load capacities with new limits. Below we have attached some letters issued by authorities.

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Revised GVW of Indian Trucks in India 2018

Even as government remains hopeful after increasing the axle load limit by 25 percent, transport industry’s experts and players remain on the back foot regarding the move. While experts feel that overloading will continue, industry players expect the “life of roads” to decrease.

“Overloading is done to the extent of 15-20 tonne… So any relaxation of two to three tonne will not stop overloading… It’s just that the person will have to pay a varied fine amount now…,” said S.P Singh, senior fellow, Indian Foundation of Transport Research and Training (IFTRT), an autonomous research body.

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Traders anxious over e-Way bill expiry due to Strike

Businessmen had barely heaved a sigh of relief as the strike called by truck operators ended on Friday, when another trouble surfaced to give them sleepless nights. There are mounting concerns that e-Way bills, used for transport of goods, will expire due to the delay caused by the strike, resulting in penalties to the businessmen.

Business bodies in Gujarat have urged the state and central governments to adopt a lenient approach and not penalize businessmen if businessmen or transporters are not at fault.

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TVS Logistics in talks to acquire Gati for Rs 1500 crore

TVS Logistics, India’s largest logistic services provider, is in talks with smaller rival Gati to buy a controlling stake for about Rs 1,500 crore, signalling bigger investments, in an industry benefiting from a surge in ecommerce activity and the uniform producer levy.

TVS, in which Canada’s CDPQ owns a significant minority stake, is negotiating to buy the entire promoter holding of around 23%. In addition, it will buy out some of the existing public investors such as Goldman Sachs, multiple sources close to the negotiations told ET. The transaction is also likely to be followed by an open offer to minority shareholders of the Hyderabad-based firm

 

Courtesy /Read more at: Economic Times
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