Current context: India’s first national Time Release Study (TRS) is to be conducted between 1st – 7th August by the Department of Revenue, Ministry of Finance.
a. Agriculture
b. Cargo Trade
c. Health
d. Education
- The exercise is conducted to improve global trade and remove barriers to smoothen the trade flow.
- The Time Release Study (TRS) is advocated by the World Customs Organization, and it is an internationally recognized tool to measure the efficiency of international trade flows.
- The initiative will strengthen governance over cargo trade and has the aim to identify/address bottlenecks of border procedures and benefitting export-oriented industries and MSMEs.
- Earlier, Individual customers conducted TRS studies at the port and now with the national TRS, it will be conducted across 15 ports including air, sea, land and dry ports.
- With the results of TRS, government agencies would know the cross border bottlenecks/barriers to flow of trade and timely release of cargo.
- The exercise will be conducted annually during the same period every year.
Question:
Q.1 The National Time Release Study (TRS) is associated with?a. Agriculture
b. Cargo Trade
c. Health
d. Education
