European Commission launches the EU Blockchain Observatory and Forum The EU Blockchain Observatory and Forum will play an active role in helping Europe to seize new opportunities offered by blockchain, build expertise and show leadership in the field. The European Commission has launched the EU Blockchain Observatory and Forum with the support of the European…
The 2018 Union Budget was presented by the Finance Minister Arun Jaitley, on 1 Feb 2018. This is the first budget after the introduction of prominent reforms in the Indian economy, such as the Goods and Services Tax implementation, mega PSU bank recapitalisation, and dynamic fuel pricing. The key features of the Union Budget 2018…
Latest news on GST : GST revenue figured touches whooping Rs 9K Crore in September. The total revenue of GST paid under different heads (upto 25th September, 2017) is Rs. 90,669 crore. This was stated in an official release from the finance ministry. The total CGST revenue is Rs. 14,402 crore, SGST revenue is Rs. 21,067…
2018 trends in Indian warehosuing would be an exciting year to look for. In the recent study done by the World Bank, India has jumped 19 positions in the Logistics Performance Index (LPI). Now, the country stands at 35 rank, while it stood at the 54th position back in 2014. The greater investment opportunity in…
Effective Spare parts management of parts inventory can bring companies enormous costs savings and, in addition, bring great benefits. Therefore, it definitely pays to look critically at all the inventory processes and see where improvements can be made. Our experience is that many companies underestimate this and do not realize they can achieve great benefits…
5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. With the myriad of tasks and…
Don’t let a supply chain control your business In the past 25 years, major original-equipment manufacturers around the world have shifted to the Japanese tiered approach to supply chains. They’ve radically reduced the number of suppliers that they directly manage and off-loaded responsibility for supervising the rest, along with the task of building major subsystems,…
GST IMPACT ON VARIOUS SECTORS – A BREAK DOWN GST is all set to be rolled out after 17 years since it was first proposed. The much talked about ‘One nation one tax’ GST has been implemented in the country from midnight on June 30., just enough to make it a strong contender for news…
Why Logistics companies are Going Green Logistics companies around the world are waking up to the green movement. The current progress of green technology is proving to be a major disruptor in every industry, not least of all logistics, because practically every industry involves using logistics companies at some point. As one of the top…
GST impact Transport and logistics (T&L) sector What to expect The registration, payment and refund processes under GST will be routed through a centralised common portal set up by GSTN. The common portal will act as an interface between the taxpayers, authorities, banks, RBI and accounting authorities. At the back-end, the portal will be integrated…
