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FinMin rejects Cochin Port demand for interest waiver

FinMin rejects Cochin Port demand for interest waiver

The Finance Ministry and the Planning Commission have rejected the Union Shipping Ministry´s proposal to waive Rs 715 crore of penal interest due from Cochin Port Trust (CPT) on a Rs 258-crore loan.Of the total penal amount of Rs 729 crore, the government could have forgone Rs 715 crore.

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Maharashtra puts port projects on fast track

Maharashtra puts port projects on fast track

Maharashtra Chief Minister Devendra Fadnavis has pushed two big port projects in the State. He is committed to investing in a railway connection for JSW Steel´s Jaigad port and laid a foundation stone of the much-delayed private port.

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Jal Marg Yojna to boost shipping sector

Jal Marg Yojna to boost shipping sector

To revive the shipping industry, the government has decided to launch the PM Jal Marg Yojna and projects for setting up dry and satellite ports, besides converting riverways into waterways, the Rajya Sabha has been informed.´