The container freight rates on the India-Europe sector will be increased by $300 for 20-feet containers from September 1, said the Shipping Corporation of India on August 26.
Author: admin (Infratructure Today)
Post
Post
Sethu Shipping Canal Project in Palk Bay opposed
Stating that the Palk Bay Ćā Gulf of Mannar area in Indian Ocean, is highly sensitive to higher heat flow and vulnerable to future earthquakes, several scientists, ecological experts and representatives of Coastal Action Network (CAN) have opposed the Sethu Shipping Canal Project (SSCP).
Post
Current Account Deficit will be at 3.7% of GDP: Govt
The Union Finance Minister P Chidambaram has recently told the Parliament that his Ministry has taken several measures to ensure the Current Account Deficit (CAD) be fully and safely financed in the current year. If the CAD is contained at $70.0 billion, it will amount to 3.7 per cent of GDP (as against 4.8 per cent in 2012-13), Chidambaram said.
Post
Uttarakhand govt to bring in new power policy
Uttarakhand government would shortly formulate special policies for the development of new hydel projects and other reconstruction works in view of the June 16-17 floods. For this purpose, the government would set up a core group to formulate the new policy involving top environmentalists like Anil Joshi, the head of HESCO and The Energy and Resources Institute Director-General RK Pachauri, said the State Chief Minister Vijay Bahuguna.
Post
Govt may rope-in ONGC, OIL to extract shale gas
State-owned Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) may be roped in by the Union government to explore shale gas in onland blocks held by them under nomination, giving them an edge over rivals who can start the hunt only after auction of blocks, whose date has not been announced yet. Shale gas is non-conventional natural gas found in non-porous rocks and requires fracking technology for its extraction, similar to the extraction of gas between coal seams in India.
Post
Govt may hold capital infusion until market stabilises
Unconfirmed reports indicate that the government may wait for the stock market to stabilise before infusing capital into state-run banks. The government feels that the chances of losing huge amount of money is lower once the stock prices reach a stable
Post
RBI hopes for growth prospects, cautious on Re fall
The continuously falling rupee would bring pressure on the country's inflation, the Reserve Bank of India (RBI) has cautioned on August 22. However, the apex bank provided some hope on economic growth by stating that it expected the inflation to be more than the five per cent of last financial year.
Post
HDFC, ICICI banks up interest rates
Loan rates by Housing Development Finance Corporation (HDFC) and ICICI Bank have risen. On August 22, the two major private banks announced an increase in their lending rates. HDFC has decided to raise its retail prime lending rate, on which its adjustable rate home loans are benchmarked, by 25 basis points to 16.65 per cent from August 23.
Post
Odisha to get 2,361 banks in 2 years
The Union Minister of State for Finance Namo Narain Meena has stated that in Odisha, the domestic scheduled commercial banks are planning to open 2,361 brick and mortar branches during 2013-15. As per the Reserve Bank of India (RBI), the number of functioning branches of scheduled commercial banks in Odisha is 3,472.
Post
FIPB receives application from Axis Bank
Foreign Investment Promotion Board (FIPB) received an application from Axis Bank for hiking its foreign shareholding limit. As on June 30, 2013, the foreign shareholding in the bank stood at 48.96 percent. This includes inve