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Issue #235

14 Sep - 20 Sep 2019

HOT NEWS

GSTN issues e-invoicing draft standard

As a masterstroke to curb tax evasion, GST Council decided in Modi 1.0 Government tenure to study the feasibility of e-invoicing system. Under the chairmanship of newly elected Finance Minister Nirmala Sitharaman in Modi 2.0 Government tenure, GST Council has finally decided to roll out the e-invoicing system for B2B transactions from January 2020 voluntarily.

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INTERNATIONAL

SATS & DHL join forces to enhance Digital Integrated Supply Chain for airlines

SATS Ltd. and DHL Supply Chain, on Friday, signed a Memorandum of Understanding (MOU) to create turnkey solutions that enable airlines to optimise their supply chain for catering, merchandise and supplies across their flight networks. Combining DHL’s strengths in third party logistics (3PL) solutions with SATS’ large scale culinary, procurement and last-mile expertise, this new solution will help airlines to enhance the passenger experience with a wider range of authentic F&B offerings and amenities.

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INNOVATION

FM announces to implement an action plan to reduce turn-around time at airports and ports by December

Finance Minister Nirmala Sitharaman said that government will further leverage technology for timely completion of the ongoing initiatives to reduce ‘Time to export’, through seamless process digitisation of all export clearances, in the third press conference held to announce measures to boost the country’s declining economy. An action plan is prepared to align time-to-export/turn-around-time at airports and ports as per the international standards.

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BUSINESS

Gujarat tops Ease of Logistics Index 2nd time in a row

Gujarat has once again topped a survey of logistics ease in the country. Punjab and Andhra Pradesh closely followed Gujarat in the perception-based index of the mobility of goods and efficiency of the logistics chain. LEADS is based on indicators such as infrastructure, services, timeliness, traceability, competitiveness, security, operating environment and efficiency of regulation. The index is developed by the commerce and industry ministry along with Deloitte.

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