Some of the mineral rich states like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan requested to enhance the rates of royalty for major minerals. The government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal, lignite and sand for stowing) on September 13, 2011. The Study Group has to undertake detailed consultations with all stakeholders. The Study Group is likely to submit its final report shor
Tag: charge
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Cabinet clears Rs 17 bn second dock project
Union Minister of Shipping GK Vasan informed that the cabinet cleared the proposed Rs 1,700-crore second dock complex project at Haldia recently. It is learnt that the West Bengal government allocated around 160 acre of land for the proposed facility. Kolkata Port Trust (KoPT), however, failed to attract private participants for the project. Though the port auth
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Kakinada port to spend Rs 650 cr on dredging project
KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
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Kolkata Port negotiates with 2 bidders
RPS Kahlon, Chairman of the Kolkata Port Trust informed that the port was negotiating with the two lowest bidders to reduce the bids for operating two berths at Haldia Dock Complex (HDC). The port wants the price to be below Rs 200 per tonne, Kahlon said at an event of the Bengal National Chamber of Commerce and Industry
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High interest outgo raises loss of GMR Infra
Huge interest outgo crimped the bottomline of infrastructure developer GMR Infrastructure, which posted a net loss of Rs 217 crore during Oct-Dec 2012. The company's interest outgo during the period is said to have risen 24 per cent to a total of Rs 525 crore, reports suggest. It is sitting on a consolidated debt
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CSLA cries foul on light dues
Industry body of shipping companies complain that the Light Dues charged by the Customs Department on containers carried on decks of ships docked in all the major ports raises costs of operation. Therefore, the Container Shipping Lines Association (CSLA) plans to request the Shipping Ministry to intev
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Kolkata Port mulls royalty on cargo handlers
In a bid to increase its revenue, the Kolkata Port Trust (KoPT) is considering to charge a royalty of Rs 25 per tonne on cargo handlers at the Haldia Dock Complex (HDC). The port set up a committee to decide on the royalty that may be charged from cargo handlers. The committee decided upon a rate of Rs 25 per tonne. This is primarily for s
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SC to hear IGL-PNGRB case on Nov 21
The next hearing of the Supreme Court case regarding dispute between Petroleum and Natural Gas Regulatory Board (PNGRB) and Indraprastha Gas (IGL) is sche