Automated facilities could drastically slash the time taken for Customs' clearance at Indian ports, a move that is set to further improve India’s standing on the Ease of Doing Business Index, reports Business Standard.Mumbai’s Nhava Sheva port takes 82 hours to import, of this Customs takes up 12 hours. The government is considering blockchain, machine learning and artificial technology (AI) to reduce this clearance time to 12 minutes, the report said.Touted as a 'futuristic reform' which would allow perceived risk-free release of consignments, the machine clearance would initially be implemented for select 3,800 importers accredited with the Customs Department under the authorised economic operator (AEO) scheme and who meet the risk criteria -- a good compliance history, a government official told the paper.Close AEO programme is a trade facilitation scheme and currently offers members reduced examination and inspection, and acceptance of pre-arrival import … [Read more...] about Customs clearance to get tech boost, may now take 12 minutes from 12 hours earlier
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Of the many controversial campaign promises that President-elect Donald J. Trump is now faced with delivering, his infrastructure plan is so far attracting the most bipartisan support. To put it into action, though, he’ll need a lot more than that. advertisement advertisement Proving his skeptics wrong won’t just be a matter of pushing legislation through Congress–it’s all about what happens next. Implementing such an ambitious plan promises to be the most daunting and complex management challenge of Trump’s career. Here’s a look at what it might take to pull it off. What The Proposal Entails Within his first 100 days in the Oval Office, Trump has vowed that he’ll not only introduce but sign into law a bill intented to pump $1 trillion in private investment into rebuilding the nation’s roads, bridges, tunnels, and airports. The plan would offer $137 billion in federal tax credits over the next decade to support those … [Read more...] about Trump’s Huge Infrastructure Plan Will Test His Management Chops
advertisement advertisement Earlier today, we revealed the future of security and advertising — and how it will all fall under the watchful beam of an iris scanner. The company behind the technology, Global Rainmakers Inc., has big plans for the system, which is launching in the city of Leon, Mexico. To help wrap our heads around the project, we spoke with Jeff Carter, chief business development officer of GRI, to find out how it will change our lives. Fast Company: Why did GRI choose iris scans?Jeff Carter: Well, one of the big problems in corporate America is reference data–that is, all the data that is about us. We don’t have any way to link it all together. It’s one of the reasons why your bank account doesn’t reconcile until 48 hours later because there’s all this data behind it that they have to execute manually. When you look at the ways to link the data together, biometrics is the obvious choice. With a fingerprint, for instance, … [Read more...] about The Eyes Have It: Why Iris Scanning Rules
Mutual fund schemes witnessed a steady inflow in August even as the broader market sentiment remained sombre amid concerns over the macro-environment and earnings revival.Total assets under management (AUM) of the mutual fund industry increased by 3.8 percent month-on-month (MoM) to Rs25,50,000 crore, mainly led by inflows in liquid and equity-oriented schemes.Inflows in equity schemes, including ELSS and arbitrage, went up from Rs 14,000 crore in July to Rs 15,100 crore in August, the highest since February 2018, led by a decline in redemptions (down 26 percent MoM at Rs 12,000 crore), even as gross sales were down 10 percent MoM to Rs 27,100 crore, said a recent report from Motilal Oswal FinancialServices.Close Highest net buying on MoM basis was witnessed in Eicher Motors, followed by Yes Bank, Adani Ports, UltraTech Cement and Reliance Industries, in that order. related news Brokerages bullish on ICICI Bank, see 20% further upside despite rallying 44% in last 9 months … [Read more...] about Top 17 Nifty stocks in which MF schemes have over 2% exposure; should you buy?
Eva Orner didn’t set out to make a #MeToo movie. But by the time she finished shooting Bikram: Yogi, Guru, Predator, which comes out on Netflix today, that’s what it had become. advertisement advertisement “I already thought it was a very timely, interesting, relevant story that people would want to watch,” the Oscar- and Emmy-winning director says, over the phone. “And then after #MeToo broke, right in the middle of production, it was like, ‘Whoa, this has now become a different beast.’ It was the same story and I didn’t change the way we told it. But to me, it’s now a cautionary tale of how men got away with it.” Bikram is a harrowing look at the man who introduced the eponymous, wildly popular style of yoga. Contrary to the appearance of the bendy discipline as a soothing balm of self-care, the film depicts how founder Bikram Choudhury created a hostile environment in his studios, rife with sexual abuse, and … [Read more...] about Netflix’s documentary ‘Bikram’ sheds light on how #MeToo men get away with it