Jawaharlal Nehru Port Authority (JNPA), India’s leading container port, has accomplished an outstanding turnaround time (TAT) of just 22 hours, equivalent to 0.9 days, according to the Logistics Performance Index (LPI) Report 2023 published by the World Bank. JNPA’s TAT places India among the top performers globally, following its record-breaking handling performance in the previous…
NTPC, the largest integrated power producer in India, reported a significant increase in coal production from its captive mines in April 2023, with a growth rate of 148% compared to the production in April 2022. The company produced 2.75 million metric tonnes (MMT) of coal in April 2023, compared to 1.11 MMT in April 2022….
Over the past 18 months, a whopping Rs. 5.14 trillion worth of projects have been assessed as part of the PM Gati Shakti program. This initiative was introduced in October 2021 with the goal of promoting comprehensive planning across various departments and ministries in India. By improving the efficiency of logistics and enhancing multi-modal connectivity,…
The annual trade figures released by the Union Ministry of Commerce states that the UAE has retained its position as India’s second most important export destination. The US is at the second position. India’s overall exports of merchandise and services increased by six percent during the same period. The third place in this category has…
The number of documents required to register holding or core investment companies has been reduced from 52 to 18 by the Reserve Bank of India (RBI). The RBI conducted a comprehensive review of the registration process for core investment companies (CICs). The necessary documents for registration now include details on access to public funds and…
The Union Finance Minister Nirmala Sitharaman in a press conference said, the provision of penalty for avoiding to link Parmanent Account Number (PAN) with Aadhaar is necessary. Such a provision helps in avoiding problems related to tax deducted at source (TDS) and tax collected at source (TCS). A late fee of Rs 500 was initially…
Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata) has recorded all time high throughput by handling 65.66 million tonnes of cargo in 2022-23. SMP Kolkata also includes Haldia Dock Complex and Kolkata Dock System. According to SMP Kolkata Chairman P. L. Haranadh, the port posted net surplus of Rs 304 crore in 2022-23 and the net…
In the sequel of weekly e-auctions of wheat, the Food Corporation of India (FCI) conducted 5th e-auction under which 11.88 LMT wheat was offered. The stock of wheat was brought from 657 depots across 23 Regions of FCI. The price of wheat has cooled down to below Rs. 2200/Quintal on an average, as per the auction,…
The women have emerged as a key homebuyer segment as per a recent ANAROCK consumer sentiment survey in which 83% women respondents have been looking at homes priced above INR 45 lakh. As per this survey, Rs 45 – 90 lakh budget range for buying house is the sweet spot for 36% of women and…
Property consultants Jones Lang Lasalle (JLL) in association with the women’s wing of National Real Estate Development Council (NAREDCO), unveiled a joint report at the 2nd NAREDCO Mahi Convention held recently in New Delhi. As per estimates, there are 7 million women participants against their 50 million male counterparts. The report also highlights that in…
