The opposition party in Odisha wants the state government to cancel all the agreements signed between the state and different private sector companies for the implementation of the port projects. The demand comes following the tabling of a report by the Comptroller and Auditor General (CAG) in the s
Author: admin (Infratructure Today)
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DGS says financially strained Pratibha may trim fleet size
Citing financial difficulties, shipping firm Pratibha Shipping considers to reduce its fleet size. According to the Directorate General of Shipping (DGS), as part of the plan, the company, which owns nine oil tankers, plans either to sell or scrap five vessels. The company anchored a total of three vessels — Koyna at a port in Bahrain, and Chandrabhaga and Narmada in Chinese shipyards in foreign shores, with owne
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ICG to get fast patrol vessel
In order to boost coastal security for Indian ships, the Indian Coast Guard would receive the first fast patrol vessel (FPV) soon. Cochin Shipyard has launched the vessel, named Aadesh. MP Muralidharan, Director General, Indian Coast Guard (ICG) was present at the launch ceremony. K Subramaniam, Chairman and Managing Director, senio
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Cabinet clears proposal to inject Rs 125 bn into banks
Union cabinet cleared the proposal to inject Rs 12,517 crore capital into about ten state-run banks during 2012-13. The recapitalisation will help banks maintain their Tier-I capital at a comfortable level, and hence remain compliant with the stricter capital adequacy norms unde
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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AP seeks single window clearance for port projects
Andhra Pradesh minister for ports Ganta Srinivasa Rao urged the centre to provide a single window clearance from the ministry of environment and forests for port expansion projects. He said this during the 14th Maritime State Development Council (MSDC) meeting in Mumbai. During the meeting, Rao called for relaxing the condition that a port has to go for public hearing for
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Navi Mumbai SEZ to denotify land for IT park, township
For Navi Mumbai Special Economic Zone (NMSEZ), plan is getting ready to denotify 2,140-hectares SEZ land and develop the same as an IT park and an integrated township which would include residential complexes, shopping malls, multiplexes, hotels, schools, colleges and hospitals. The NMSEZ co-promoters are: Reliance Industries (RIL) Chairman Mukesh Ambani and his close associate Anand Jain.
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Air India concerned over FDI in aviation
Indian State-owned Air India has warned the Union government that allowing investments by foreign airlines will hurt the interests of domestic airlines and prevent Indian airports from developing into international hubs. The government should study the potential impact of such investment on the domestic aviation sector as a whole, Chairman and Managing Director (CMD) Rohit Nandan wrote in a letter to Aviation Secretary KN Srivastava in December, sources said.
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Ministry to exempt new projects from TAMP norms
Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects. However, the decision to abolish the tariff setting regulator's oversight is "in principle", the ministry said. The move would enable private players to take deci
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Ministry to exempt new projects from TAMP norms
Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects. However, the decision to abolish the tariff setting regulator's oversight is "in principle", the ministry said. The move would enable private players to take deci