{"id":303619,"date":"2024-07-06T18:21:05","date_gmt":"2024-07-06T12:51:05","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=303619"},"modified":"2024-07-06T18:21:05","modified_gmt":"2024-07-06T12:51:05","slug":"mou-for-development-of-framework-assessment-of-logistics-cost-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/mou-for-development-of-framework-assessment-of-logistics-cost-in-india\/","title":{"rendered":"MoU for Development of Framework & Assessment of Logistics Cost in India"},"content":{"rendered":"

Source-This post on MoU for Development of Framework & Assessment of Logistics Cost in India<\/strong> has been created based on the article “DPIIT signs MoU with NCAER for Development of Framework & Assessment of Logistics Cost in India”<\/a> published in \u201cPIB\u201d on 5 July 2024.<\/p>\n

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Why in the news?<\/h2>\n<\/div>\n<\/div>\n<\/div>\n

The Department for Promotion of Industry and Internal Trade (DPIIT<\/span>), the Ministry of Commerce & Industry, and the National Council of Applied Economic Research (NCAER<\/span>) signed a Memorandum of Understanding (MoU) in New Delhi to develop a framework and assess logistics costs in India.<\/p>\n

About MoU with NCAER for Development of Framework & Assessment of Logistics Cost in India<\/h2>\n

1. About:<\/strong> The Department for Promotion of Industry and Internal Trade (DPIIT) and the<\/span> National Council of Applied Economic Research (NCAER)<\/span> signed a Memorandum of Understanding (MoU) in New Delhi.<\/p>\n

2. Aim:<\/strong> The MoU aims to develop a framework and<\/span> assess logistics costs in India.<\/span><\/p>\n

3. Objectives of the MoU<\/strong><\/p>\n

i) Developing a Detailed Framework:<\/strong> Create a detailed framework for assessing logistics costs<\/span> in India.<\/p>\n

ii) Comprehensive Study:<\/strong> Conduct a comprehensive study<\/span> for assessing logistics costs for the year 2023-24.<\/p>\n

iii) Assessment of Differentials:<\/strong> Evaluate differentials in logistics costs<\/span> across various routes, modes, products, types of cargo, and service operations.<\/p>\n

iv) Identifying Major Determinants:<\/strong> Identify key factors<\/span> that influence logistics costs in different sectors.<\/p>\n

About National Logistics Policy (NLP)<\/h2>\n

1.\u00a0 The Government of India launched the National Logistics Policy (NLP)<\/span> on 17th September 2022.<\/p>\n

2.\u00a0 Objective:\u00a0<\/strong> To reduce logistics costs as a percentage of GDP.<\/p>\n

3. Reports:<\/strong> DPIIT previously launched a report titled “Logistics Cost in India: Assessment and Long-Term Framework”<\/span> in December 2023 which was prepared by NCAER.<\/span><\/p>\n

UPSC Syllabus: Governance<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on MoU for Development of Framework & Assessment of Logistics Cost in India has been created based on the article “DPIIT signs MoU with NCAER for Development of Framework & Assessment of Logistics Cost in India” published in \u201cPIB\u201d on 5 July 2024. Why in the news? The Department for Promotion of Industry… Continue reading MoU for Development of Framework & Assessment of Logistics Cost in India<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566],"tags":[11872,3590],"class_list":["post-303619","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/303619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=303619"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/303619\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=303619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=303619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=303619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}