The restrictions follow occurrences of parcels catching fire. Five instances of fire across Indian Railways were reported in the first half of the current fiscal year. Of these, two occurred in September itself. In comparison, there were only two cases of train fires in the same period last year. Permission to move lithium, lithium-ion batteries, and equipment powered by these batteries was given in February this year with the amendment of the Railways Red Tariff Rules, 2000.
Prime Minister Narendra Modi inaugurated the 77-km New Bhandu-New Sanand section of the Western Dedicated Freight Corridor (DFC) in India. This new railway section is set to improve the transportation of goods from ports and manufacturing hubs in the region.
Heightened tensions are unfolding in the South China Sea, where territorial disputes have long simmered. The Philippines and China are now at the center of renewed concerns, as disagreements over submerged shoals grab global attention.
The Income Tax department in India has seized Rs 94 crore in cash, as well as gold, diamond jewellery, and luxury watches, following raids on government contractors and real estate developers in Karnataka and other states. These contractors, it claimed, were also involved in booking expenses for non-business purposes.
Last weekend, when the situation in Israel emerged. First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day. Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise. While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season.