DPIIT invites industry to raise logistics issues on E-logs platform

NEW DELHI: The Industry associationsshouldparticipateonthe E-logs platform and deliberate their issues to help Service Investment Group(SIG)addresstheseissuesona fast track mode in line with the National Logistic Policy, DPIIT’s Special Secretary Sumita Dawra said recently.

Underthenationallogisticspolicy, a new digital platform Ease of Logistics Services (e-logs) has been started. Through this portal, industry associations can directly take up issues which are causing problems in their operations and performance withgovernmentagencies.

During the meeting of SIG, major issues impacting the trade were resolved to the satisfaction of all the stakeholders.

A bid to elicit pro-active participation of various business/ industry associations, on one hand, and instil enormous confidence amongst them, on the other, was the topmostagendaoftheSIG.

Notably, as many as 29 industry/ business associations have been empanelledsofarontheE-Logportal and provided with user ID and password to directly flag up their issues with the concerned line departments under different ministries for their expeditious resolution.

Major associations like Federation of Indian Chambers of Commerce and Industry (FICCI), Association of Multimodal Transport Operators of India (AMTOI), Container Shipping lines Association (CSLA), Indian National Shipowners Association (INSA) and Federation of Indian Export Association (FIEO) are few among the many such reputed industry associations from the logistics sector that are currently engaging with the SIG to redress theissuesrelatedtothetrade.

Forex reserves fall $2.91 billion to $593.2 billion as of June 23

MUMBAI: India's forex reserves fell $2.9 billion and stood at $593.2 billion as of June 23, stated data updated by ReserveBankofIndia(RBI).

India's foreign currency assets, the biggest component of the forex reserves, declined by $2.21 billion to

$525.4 billion. The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currenciesheldintheRBI'sreserves.

India's gold reserves dipped by $745 million, taking the overall levels to

$44.3 billion. Meanwhile, SDRs were up by$85million,to$18.33billion.InOctober 2021, the country's foreign exchange reserves touched an all-time high of about $645 billion. Much of the decline since then can be attributed to a rise in thecostofimportedgoodsin2022.