current affairs

India’s first national Time Release Study (TRS):-

TRS held between 1st – 7th August.

The TRS is an internationally recognized tool advocated by World Customs Organization to measure the efficiency and effectiveness of international trade flows.

This initiative for accountable governance, will measure rule based and procedural bottlenecks (including physical touchpoints) in the clearance of goods, from the time of arrival until the physical release of cargo.

The aim is to identify and address bottlenecks in the trade flow process and take the corresponding policy and operational measures required to improve the effectiveness and efficiency of border procedures, without compromising efficient trade control. 

This initiative will help India maintain the upward trajectory on Ease of Doing Business, particularly on the Trading Across Borders indicator 

The national TRS will establish baseline performance measurement and have standardized operations and procedures across all ports.