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Business Standard
6 hours ago
- Business
- Business Standard
Fifth edition of Time Release Study shows faster import clearance at ports
Finance Minister Nirmala Sitharaman on Friday released the fifth edition of the National Time Release Study (NTRS), which showed a significant reduction in average cargo release times across key import gateways between 2023 and 2025. According to the central board of indirect taxes and customs (CBIC) report, average release times fell by approximately six hours at seaports, 5 hours at air cargo complexes (ACCs), and 18 hours at integrated check posts (ICPs). However, inland container depots (ICDs) recorded a 12-hour increase during 2023 and 2025. The study also revealed that 93.33 per cent of import cargo at ICPs met the 48-hour release target set under the National Trade Facilitation Action Plan (NTFAP) 3.0, followed by 55 per cent at ACCs, 51.8 per cent at seaports, and 43.7 per cent at ICDs. Export clearance times remained fastest at air cargo complexes, where regulatory clearance took less than 4 hours. In contrast, export processing at seaports averaged nearly 30 hours, with logistics post-clearance stretching to more than 157 hours. 'High levels of facilitation (87–93 per cent) were observed across ports. Release times were also influenced by cargo characteristics. For instance, refrigerated goods moved faster through air cargo, factory-stuffed cargo was cleared quicker than ICD-stuffed cargo,' the government said. Sitharaman unveiled the report during the CBIC Conclave in New Delhi. The 'Path to Promptness' framework -- emphasising advance filing, risk-based facilitation, AEO accreditation, and Direct Port Delivery-- was cited as a major driver of improvements. However, delays persisted in areas like duty payments, regulatory query resolution, and post-clearance logistics.
Time of India
8 hours ago
- Business
- Time of India
Finance Ministry pitches for improving export cargo facilities on ports
New Delhi: A finance ministry report on Friday made a case for improving gate infrastructure including IT systems, scanning facilities, temperature-controlled facilities for perishable export cargo across ports. Also, post-clearance logistics processes need to be improved to achieve faster release time and streamlined movement of cargo. Finance and Corporate Affairs Minister Nirmala Sitharaman released the fifth edition of National Time Release Study (NTRS), a performance measurement tool that provides a quantitative assessment of the time taken for cargo release. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The NTRS 2025 is the fifth national-level edition of this annual study, conducted using a standardised methodology. It covers 62,981 Bills of Entry (BoEs) for imports and 69,533 Shipping Bills (SBs) for exports filed during the first week of January 2025. The study spans 15 major customs formations, grouped under four categories - Seaports, Inland Container Depots (ICDs), Integrated Check Posts (ICPs), and Air Cargo Complexes (ACCs) - which together account for a significant share of the total BoEs and shipping bills filed across India. Live Events In the import segment, the study said Average Release Time (ART) declined between 2023 and 2025 across seaports (about 6 hours), ACCs (about 5 hours), and ICPs (about 18 hours), while ICDs saw an increase of around 12 hours. Performance against NTFAP 3 targets showed that 93.33 per cent of import cargo at ICPs met the 48-hour target, followed by air cargo complexes (55.03 per cent within 24 hours), seaports (51.76 per cent), and ICDs (43.7 per cent). Export cargo analysis, from arrival to final departure, revealed varied patterns across port categories. Regulatory clearance (arrival to Let Export Order) was fastest at air cargo complexes (under 4 hours) and ICPs (06:10 hours), according to NTRS. At seaports, regulatory clearance averaged 29:36 hours, with post-LEO logistics extending to 157:50 hours. At ICDs, regulatory clearance of exports took 30 hours, with improvement in post-LEO logistics time to 99:51 hours. On facilitating export cargo, the study has made several recommendations, including for reduction of manual documentation processes at port gates and minimising instances of delays in duty payment. "In terms of infrastructure, there is scope for enhanced gate infrastructure (including IT systems), scanning facilities, temperature-controlled facilities for perishable cargo, etc across ports," the study said. Post-clearance logistics processes need to be improved to achieve faster release time and streamlined movement of cargo, it suggested. Regarding imports, the study said post-clearance delays, especially at ICDs, continue to impact overall efficiency, highlighting the need for targeted procedural and operational improvements. The ministry said a key strength of India's TRS lies in its use of accurate and reliable data sourced directly from the Customs Automated System, operated by the Directorate General of Systems and Data Management, CBIC. Over the years, the scope of TRS has significantly expanded. What began as a report measuring release time across select gateway ports went on to include other areas of considerable importance such as transit cargo, courier shipments, and commodity-specific assessments, it said.
Yahoo
23-04-2025
- Business
- Yahoo
Northern Trust Corp (NTRS) Q1 2025 Earnings Call Highlights: Strong EPS Growth and Strategic ...
Net Income: $392 million for the first quarter. Earnings Per Share (EPS): $1.90, a 13% increase compared to the prior year. Return on Average Common Equity: 13% for the quarter. Trust, Investment, and Other Servicing Fees: $1.2 billion, a 6% increase year-over-year. Net Interest Income (FTE basis): $574 million, up 7% from the prior year. Assets Under Custody and Administration: $15.8 trillion, a 3% year-over-year increase. Assets Under Management: $1.2 trillion, up 7% year-over-year. Net Interest Margin: 1.69%, down 2 basis points quarter-over-quarter. Average Deposits: $116 billion, up 3% compared to the fourth quarter. Noninterest Expense: Approximately $1.4 billion, up 4.8% year-over-year. Common Equity Tier 1 Ratio: 12.9%, up 50 basis points from the previous quarter. Return to Shareholders: $435 million through dividends and stock repurchases. Warning! GuruFocus has detected 5 Warning Sign with NTRS. Release Date: April 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Northern Trust Corp (NASDAQ:NTRS) achieved its third consecutive quarter of positive operating leverage, driven by mid-single-digit growth in trust fees and net interest income. The company reported a 13% increase in EPS, excluding notable items, and a return on common equity of 13%. Northern Trust Corp (NASDAQ:NTRS) successfully raised $435 million to return to shareholders, reflecting strong capital management. The Asset Management segment saw strong fundraising, particularly in alternative investment solutions, with plans to nearly double capital raise versus prior year averages. The Wealth Management segment launched a dedicated ultra-high-net-worth segment, Family Office Solutions, which has already seen good client traction. Currency movements unfavorably impacted revenue growth by approximately 20 basis points. Trust, investment, and other servicing fees saw a 1% sequential decline. Net interest margin decreased by 2 basis points quarter-over-quarter. Expenses increased by 3% sequentially and 4.8% year-over-year, reflecting higher compensation and outside services expenses. The company faces a challenging macroeconomic and market backdrop, which could impact future performance. Q: Can you discuss the deposit beta assumptions underpinning your NII guidance, especially given the positive surprise in cumulative beta during this easing cycle? A: David Fox, CFO, explained that deposit betas have remained stable historically, with institutional business closer to 100% and wealth around 60%-70%. The company has focused on deposit pricing, which has benefited the deposit base positively. Q: How do you plan to manage expenses if fee pressures intensify due to market conditions, and can you maintain your expense growth guidance? A: David Fox, CFO, emphasized their commitment to keeping expense growth below 5%. They have identified discretionary and non-discretionary spending and are building a flexible business model to adjust to market conditions, focusing on consulting, technology spend, and incentives. Q: What type of capital markets activity was strong towards the end of the quarter, and has it continued into April? A: Michael O'Grady, CEO, noted that market volatility drove capital markets activity, particularly in foreign exchange and brokerage, including integrated trading services for asset manager clients. This momentum has carried into April. Q: Can you elaborate on the Family Office Solutions launched this quarter and its potential impact? A: Michael O'Grady, CEO, explained that Family Office Solutions aims to deliver family office services to ultra-high-net-worth clients, enhancing service levels and offering outsourced capabilities. This initiative targets both existing clients and new business growth, with plans to expand internationally. Q: With a higher CET1 ratio, how comfortable are you with capital returns, and could you increase buybacks? A: David Fox, CFO, stated that they value flexibility and aim for higher payout levels, potentially around 100% going forward. They are comfortable with their capital levels and open to increasing buybacks if conditions allow. Q: How does market volatility impact new business and client attrition in asset servicing versus wealth management? A: Michael O'Grady, CEO, acknowledged that volatility can affect decision-making, with institutional clients typically continuing RFPs despite market changes, while wealth clients may delay switching but build up pipelines. Q: What are the alternative initiatives in asset and wealth management, and how do they contribute to growth? A: Michael O'Grady, CEO, highlighted the focus on enhancing alternative solutions, including proprietary and third-party funds. They aim to double fundraising in alternatives and expand third-party offerings, investing in client education and technology. Q: How do you view the regulatory changes, including Basel III endgame and potential SLR adjustments? A: Michael O'Grady, CEO, noted that refined operational risk models are favorable, and changes in SLR treatment for treasuries would provide more capacity, though current capital levels are sufficient. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
