GST may save country's 2,300 crore wastage because of truck delays at check posts

It has been estimated that country used to loose approximately 2,300 crore annually because of delays caused due to long waiting at check posts for verification purposes. As per the story published in Economic times there were huge losses reported just because of the waiting of the trucks which included damage of goods and other facilitation payments made at check post to ease the passage of vehicles into the state territory.
A report published by World Bank in 2005 estimated that Truck delays at checkpoints costs the economy somewhere between Rs 9 billion and Rs 23 billion (Rs 900 crore- Rs 2300 crore) a year in lost truck operating hours.
This is a tremendous finding and may help in reviving the economy.

Comments

More from Political Space

Demonetised notes still being being found stashed with people. Police seizes 1.5 crore worth of old 500 and 1000 notes. Yuvraj Singh and his family has been charged in domestic violence case filed by his sister-in-law Here is how India prepares to bypass Supreme court's ban on sale of fire crackers in NCR. Policemne ready to provide patronage to shopkeepers. Two Suspended in the same case. Korea has hired hackers from India says media reports Sanjay Dutt's biopic's new poster has been released. Here is the new look This is the one question we are still asking but can not find a proper answer. Have you seen Najeeb somewhere? 3 People injured in an heart wrenching accident. ANI reported the news.

More News

Did anyone notice or found mention anywhere that J&K felt low intensity earthquake this morning at around 6:30 am. The police has realesed probable sketch of the Gaurio Lankesh killer sust=pected to be involved in her murder. This is the most disgusting pictures coming from one of the most learned states of the country. Bihar has always lead country to greatness but when we such pictures we surely want to hide our face in shame. The Bihar school asked question which kept Kashmir as a separate nation. The opposition was quick to pick up the issue and bring it to the notice of the general public and blamed it on the mismanagement of ruling party especially on the inefficiency of Nitisk Kumar, CM, Bihar. Dera Sacha Sauda chairperson Vipassana Insan reaches Panchkula police station, she will be questioned along with Honeypreet The sad news of "Amrapali" director Lekh Tandon passing away came in just now. All his fans must be saddened to hear on the demise of the great creator. Big on Hosting. Unlimited Space & Unlimited Bandwidth

International Tweets

Nuclear war may break out any moment: Says North Korea Will you agree to what the survey has to say?