Op­ti­mistic year

Cargo Talk - - Budget -

With the on­set of Fe­bru­ary, it’s time to look for­ward to a new Union Bud­get. The ques­tion that ev­ery­one is ask­ing is, ‘What it will have in store for the lo­gis­tics sec­tor?’ This is the first Union Bud­get af­ter the im­ple­men­ta­tion of Goods and Ser­vice Tax (GST). The sec­tor has a num­ber of de­mands from the gov­ern­ment, some of which are bet­ter in­fra­struc­ture, amend­ment in GST or reg­u­la­tion bar­ri­ers, etc. The gov­ern­ment has brought some great pos­si­bil­i­ties, with the pro­posed e-way bill and in­fra­struc­ture sta­tus to en­able smooth trans­porta­tion of goods.

The e-way bill is also sched­uled to start from Fe­bru­ary 1. So, while the in­dus­try is op­ti­mistic about the new in­ter-state e-way bill, on the other hand the un­or­gan­ised sec­tor is also ex­pect­ing some dis­rup­tion in the sup­ply chain. There is also news in the in­dus­try that states may ex­empt a cer­tain cat­e­gory of busi­ness from e-way bill for mov­ing goods within cities to avoid in­con­ve­nience to tax­pay­ers. The Ut­tar Pradesh gov­ern­ment is also pre­par­ing its own lo­gis­tics pol­icy; such ini­tia­tives de­pict growth in the sec­tor at ground level. On the mar­itime front, gov­ern­ment is work­ing on build­ing re­la­tion­ships with neigh­bour­ing coun­tries through Chaba­har Port. Ports are com­ing up with the lat­est tech­nol­ogy to make cargo clear­ance ef­fort­less, swift and ef­fi­cient. The Fed­er­a­tion of Freight For­warders As­so­ci­a­tion in In­dia (FFFAI) also held a press con­fer­ence to pro­vide an up­date about the FIATA World Congress 2018 (FWC-2018). The as­so­ci­a­tion is leav­ing no stone un­turned in mak­ing this con­fer­ence suc­cess­ful.

*At the time of go­ing to press.

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