Explanation:

First statement is wrong because A

National Logistics Portal is being developed by the Ministry of Commerce and Industry to ensure ease of trading in the international and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform.

Finance Minister Arun Jaitley, in his Budget speech last year, had announced that the Department of Commerce will create a portal which will be a single window online market place for trade and will connect business, create opportunities and bring together various ministries, departments and the private sector.

Four main components

Stakeholders like traders, manufacturers, logistics service providers, infrastructure providers, financial services, government departments and groups and associations will all be on one platform, once the portal is created. There are four main components of the portal which include a logistics e-market place, a logistics certification platform, an integrated regulatory platform and banking and financial services platform.

The logistics e-market place will allow a trader or exporter to plan end to end shipment route, check availability, enquire the rates make bookings for a wide range of services such as freight forward, ocean freight, truck, warehouse, air freight, ICD services and packaging services, exchange e-contract, generate invoice, pay electronically, and monitor physical flow of goods.