July 27, 2020

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Recessions are temporary, but how you use your time now can pay off well into the future.

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The Great Recession of 2007-2009 was one of the most difficult periods of my life, but I got through it, learned some valuable lessons, and eventually emerged in a much better place as an entrepreneur. Now, even though the coronavirus pandemic is causing both a health and economic crisis, I’m confident I can get through this difficult period, using my past experience of overcoming a recession. And other entrepreneurs can also take action to make it through to the other side.

As cheesy as it may sound, I can say from experience that it’s

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The Centre is preparing a draft legislation on logistics with a view to promoting the growth of the sector and replace the existing multimodal transportation of goods law, an official said.


The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport, Department of Commerce Special Secretary (Logistics) Pawan Kumar Agarwal said, while speaking at a webinar organised by the Indian Chamber of Commerce.



“The government in the process of drafting the National Logistics Efficiency Advancement Predictability and Safety (NLEAPS) Act,” a statement quoted him as saying.


Agarwal invited opinions from all stakeholders in making the draft legislation which he said was “beyond just a logistics document”.


This tends to define various participants of logistics space and create a light regulatory ecosystem, he said.


Some apps will

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After suspending ‘options on futures’ contracts, the National Commodity and Derivatives Exchange (NCDEX) has decided to launch ‘options on goods’ contracts in certain farm commodities on Monday.

Earlier, options were devolving into futures and settlement was at a fixed price. Now Sebi allows direct settlements in options, under which the farmer will benefir from price volatility.


Available in three commodities, namely, rapeseed/mustard seed, maize and wheat to begin with, these contracts would allow both, farmers and other participants in the value chain such as aggregators, farmers producers organisations (FPOs) and farmers producers companies (FPCs) to hedge the price risk in agricultural commodities before the actual sowing season begins. Through this, farmers and other participants can lock their prices by paying a small premium in ‘options in goods’ contracts and get the benefit of price volatility either side.

Through this mechanism, farmers and aggregators would be able

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