You are here: Home » News-ANI » Business
Business Standard

ASSOCHAM urges govt. to ease cash limits for logistic fleet operators

ANI  |  New Delhi [India] 

As Inc supports Prime Minister Modi's battle against black money, the has urged the government to consider among other relief measures, increasing the withdrawal limits for logistic and transport fleet owners since they need hard for meeting expenses for crew members including truck drivers and cleaners.

Drawing inputs from various sources, a latest study on Transport and Logistics has noted that close to 10 percent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take seven to eight days on a single trip.

"The entire expenses of the drivers and other crew are to be by cash. In the wake of the of high value notes, the fleet owners are facing problems of operations," said the ASSOCHAM.

While the fuel accounts for 52-66 percent of the total trip expenses, another 25-40 percent is to be accounted for sub heads like tolls, octroi, speedy clearance at check posts etc.

"Traditionally, all this money was required in cash. The driver also acts as a petty cashier. The note ban has come as a bottleneck to the transport business," it added.

The has also urged the government to review the withdrawal limit of Rs. 50,000 from the current account per week and raise it to minimum Rs. four to five lakh, which is bare minimum.

Besides, the fleet owners face other problems which need to be resolved for improving the overall efficiency of the fleet owners and ease of doing business.

"Faster turnaround of trucks alone in the absence of check posts may improve the operational efficiency of the road transport sector," it added.

Presently, there are 177 inter-state check posts and 268 toll barriers on national highways.

The study suggested that to promote seamless inter-state freight flows; green channel should be adopted for transit of secure/sealed containerized cargo.

About 75 percent of trucking firms own small fleets of less than five trucks. The industry has largely been operating in an unorganised sector and has not really taken to the main stream.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

ASSOCHAM urges govt. to ease cash limits for logistic fleet operators

As India Inc supports Prime Minister Narendra Modi's battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew members including truck drivers and cleaners.Drawing inputs from various sources, a latest ASSOCHAM study on Transport and Logistics has noted that close to 10 percent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take seven to eight days on a single trip."The entire expenses of the drivers and other crew are to be met by cash. In the wake of the demonetisation of high value notes, the fleet owners are facing problems of operations," said the ASSOCHAM.While the fuel accounts for 52-66 percent of the total trip expenses, another 25-40 percent is to be accounted for sub heads like tolls, octroi, speedy clearance at ...

As Inc supports Prime Minister Modi's battle against black money, the has urged the government to consider among other relief measures, increasing the withdrawal limits for logistic and transport fleet owners since they need hard for meeting expenses for crew members including truck drivers and cleaners.

Drawing inputs from various sources, a latest study on Transport and Logistics has noted that close to 10 percent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take seven to eight days on a single trip.

"The entire expenses of the drivers and other crew are to be by cash. In the wake of the of high value notes, the fleet owners are facing problems of operations," said the ASSOCHAM.

While the fuel accounts for 52-66 percent of the total trip expenses, another 25-40 percent is to be accounted for sub heads like tolls, octroi, speedy clearance at check posts etc.

"Traditionally, all this money was required in cash. The driver also acts as a petty cashier. The note ban has come as a bottleneck to the transport business," it added.

The has also urged the government to review the withdrawal limit of Rs. 50,000 from the current account per week and raise it to minimum Rs. four to five lakh, which is bare minimum.

Besides, the fleet owners face other problems which need to be resolved for improving the overall efficiency of the fleet owners and ease of doing business.

"Faster turnaround of trucks alone in the absence of check posts may improve the operational efficiency of the road transport sector," it added.

Presently, there are 177 inter-state check posts and 268 toll barriers on national highways.

The study suggested that to promote seamless inter-state freight flows; green channel should be adopted for transit of secure/sealed containerized cargo.

About 75 percent of trucking firms own small fleets of less than five trucks. The industry has largely been operating in an unorganised sector and has not really taken to the main stream.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

ASSOCHAM urges govt. to ease cash limits for logistic fleet operators

As Inc supports Prime Minister Modi's battle against black money, the has urged the government to consider among other relief measures, increasing the withdrawal limits for logistic and transport fleet owners since they need hard for meeting expenses for crew members including truck drivers and cleaners.

Drawing inputs from various sources, a latest study on Transport and Logistics has noted that close to 10 percent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take seven to eight days on a single trip.

"The entire expenses of the drivers and other crew are to be by cash. In the wake of the of high value notes, the fleet owners are facing problems of operations," said the ASSOCHAM.

While the fuel accounts for 52-66 percent of the total trip expenses, another 25-40 percent is to be accounted for sub heads like tolls, octroi, speedy clearance at check posts etc.

"Traditionally, all this money was required in cash. The driver also acts as a petty cashier. The note ban has come as a bottleneck to the transport business," it added.

The has also urged the government to review the withdrawal limit of Rs. 50,000 from the current account per week and raise it to minimum Rs. four to five lakh, which is bare minimum.

Besides, the fleet owners face other problems which need to be resolved for improving the overall efficiency of the fleet owners and ease of doing business.

"Faster turnaround of trucks alone in the absence of check posts may improve the operational efficiency of the road transport sector," it added.

Presently, there are 177 inter-state check posts and 268 toll barriers on national highways.

The study suggested that to promote seamless inter-state freight flows; green channel should be adopted for transit of secure/sealed containerized cargo.

About 75 percent of trucking firms own small fleets of less than five trucks. The industry has largely been operating in an unorganised sector and has not really taken to the main stream.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard