Industry watchers suggest Andhra Pradesh government to set up a state maritime board (SMB) in order to boost the port and shipping sector in the state. There are 12 minor ports and one major port in the state. Earlier in 2010, the state government introduced a draft Bill for a maritime board in the Asse
Author: admin (Infratructure Today)
Post
Post
SCI raises rates for container cargoes
Effective September 1, state-run Shipping Corporation of India (SCI) raised container freight rates on different trade routes including the Europe, Mediterranean, Black Sea and Red Sea. SCI hiked rates considering rise in the fuel costs, insurance premiums and port handling charges. It may be noted that the company, which is suffering operational loss
Post
NCR RRTS project faces several challenges
Experts discuss the challenges that may arise in the implementation of the Rs 72,000 crore NCR Rapid Rail Transit System (RRTS) project. The NCR authority plans to implement the project through Public Private Partnership (PPP) mode. Experts feel that the viability of the project depends on th
Post
Mumbai Metro project cost escalates to Rs 4,321 cr
The price of MumbaiĆās first metro rail between Versova, Andheri and Ghatkopar, being constructed by Reliance Infrastructure-led Mumbai Metro One (MMOPL) has shot up by 84 per cent, reveal a information elicited under the Right to Information (RTI) Act.
Post
Delhi Metro Phase III to cross rail tracks, flyover
In its Phase III, the Delhi Metro Rail Corporation (DMRC) will attempt to construct the line over a railway line as well as two loops of a flyover, situated between the turning to Okhla Phase III and Ishwar Nagar Metro stations.
Post
IFC mulls tie-ups with new bank licence aspirants in India
The private sector investment arm of World Bank, International Finance Corp is looking out to partner with aspirants for new bank licences, as it increases its investment in India to $2 billion this year. IFC is an investor in Kolkata-based microfinance institution Bandhan Financial Services, as well as in non-banking finance company Magma Fincorp, both of which have applied for a banking licence.
Post
RBI lends Rs 695.85 bn to banks via MSF
Under the Reserve Bank of India's (RBI) marginal standing facility (MSF) window, Indian banks borrowed Rs 695.85 billion ($10.35 billion) on Aug. 28, higher than the Rs 564.35 billion on Aug. 27.
Post
Concessional rate World bank loans to India till 2021
The Indian government is working out a transitional arrangement with the the World Bank to avail loans lower than the market. Now the World Bank would not lend India soft loans to India as the country has graduated into a middle-income country. But it lends loans, till 2021, at higher than its prevailing concessional rates but lower than the market rates.
Post
RBI opens window for daily dollar needs of oil firms
To meet the daily dollar requirements of Indian oil marketing companies-IOC, HPCL and BPCL and stabilise the falling rupee, the Reserve Bank of India has now opened a special window to issue dollars.
Post
Overhaul of Indian banking sector mooted to up growth
To increase growth in banking sector, competition among banks and for peoples' financial inclusion in the country, the Reserve Bank of India (RBI) has proposed a comprehensive overhaul of the countryĆās banking structure. Presently, only a universal banking structure is allowed, in the sense there is no separate licencing for niche activities as in developed nations.