In order to boost ease of doing business in the ship repair sector, the Ministry of Shipping has eased the procedure and has dropped the requirement of registration of Ship Repair Units (SRUs) with Directorate General (Shipping).
Author: admin (Infratructure Today)
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Now, Vizag Port can handle Panamax vessels
In order to handle Panamax vessels in the Inner Harbour, Visakhapatnam Port has decided to add two more hi-tech 100-tonne harbour mobile cranes costing around Rs 35 crore each .
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Radiological Detection System at Vizag port
In a first of its kind in India, Visakhapatnam Port Trust has installed Radiological Detection System worth Rs 1.25 crore at East Quay-7 in order to screen entry of vehicles with radioactive contamination.
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Govt to build smart cities at 12 major ports
Indian government is working on an ambitious plan to build one smart city each at the country´s 12 major ports, at an estimated total investment of Rs 50,000 crore, Union Minister Nitin Gadkari has said.
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Government to set up INWTG
The Government is considering a proposal to set up an Integrated National Waterways Transport Grid (INWTG) which covers mainly five National Waterways. The INWTG includes development of the National Waterways with at least 2.5 meter Least Available Depth (LAD), upgrading/ setting up of priority terminals, establishing road connectivity, wherever feasible, rail and port connectivity.
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ONGC disinvestment unlikely this fiscal
The disinvestment of 5 per cent stake in State-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.
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´Impose higher carbon tax on petrol products & coal´
The economic survey has hinted at higher carbon taxation on petroleum products and coal to gain a footing at the year-end climate change dialogue in Paris. The survey highlighted the need and scope for rationalizing coal and petroleum prices and making them equivalent to international prices.
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Smart cities will be known as ´Cities with Brains´
Prime Minister Narendra Modi has given the attention at least 100 smart cities would make in 20 years in India. The smart cities would be known as ´Cities with Brains.´ Some of these will be spanking new cities, built from the ground up.
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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Govt may fine road agencies for mishaps
Road owning agencies and those involved in designing, implementation and maintenance would have to cough up Rs 1 lakh for any death in a crash due to the road condition.