Domestic shipping companies expressed satisfaction with the Union Budget 2013-14 as it announced some tax sops for shipbuilders and import of ships. The budget removed the countervailing duty (CVD) on imported ships since most Indian shipping companies get their vessels manufactured outside the country. Further, the budget also removed the excise duty on the
Author: admin (Infratructure Today)
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Aviation sector not satisfied with budget 2013-14
CII's National Committee on Civil Aviation expressed dissatisfaction over the Union Budget 2013-14 as it feels that the budget has not done enough to boost the aviation sector. Even as it welcomed the the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, it noted that MRO industry is "small right now taking the aircraft population into account
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Tata Steel MD welcomes budget 2013-14
HM Nerurkar, Managing Director of Tata Steel opined that the Union Budget 2013-14 made an attempt to achieve inclusive growth and a sustainable economy given the global economic scenario. Nerurkar welcomed the thrust given to the infrastructure industry through investment allowance of 15 per cent and various steps for mobilising funds for the gro
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Revenue share contracts may raise risk for explorers
Deepak Mahurkar, leader, oil and gas, PricewaterhouseCoopers opined that a move towards revenue-sharing mechanism in exploration contracts exposes investors to more risks of investments, and that may dissuade large oil companies from India. It may be noted that the union Finance Minister P Chidambaram announced in his budget speech that a new
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Green ports: A long way off
Sustainable development of ports paradigm is gaining momentum, albeit slowly among Indian ports. But to speed up the movement, a holistic approach with suitable legislation, more driving forces, incentives and involvement of all stakeholders are essential
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CGD segment in limbo
The government introduced the Petroleum and Natural Gas Regulatory Board to regulate and develop the City Gas Distribution business in India. However, the sector is still facing many challenges on its way,
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Fixing urban water pricing
Water pricing needs to be tackled concurrent with improvement in service levels and implementation of a cost recovery policy that balances affordability considerations and sustainability imperatives while facilitating an equitable access regime
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A subtle need of the hour
The immediate requirement would be to bring as many ports as possible on board to adopt green policies. A directive from the government in this regard will definitely serve the purpose