Current Affairs

India’s First National Time Release Study (TRS)

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.
India’s First National Time Release Study (TRS)
  • 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
India’s First National Time Release Study (TRS) India’s First National Time Release Study (TRS) Reviewed by Neha Verma on August 02, 2019 Rating: 5

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