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Draft steel policy focuses on allocation of captive mines

Draft steel policy focuses on allocation of captive mines

The National Steel Policy draft envisages further strengthening of the provisions of allocation of captive iron mines to steel producers in a transparent manner through a process of open bidding for all the well prospected mines. By 2025-26, the policy draft, expects the country's stee

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Gangavaram Port works on expansion plan

Gangavaram Port works on expansion plan

Gangavaram Port in Andhra Pradesh is working on its expansion plan to raise its cargo handling capacity from the current 15 million tonne to 45 mn t. The project involves addition of three multi-purpose berths and a coal handling terminal. The port has a

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CoP to dredge River Sal

CoP to dredge River Sal

The panchayat of Cavelossim in Goa allowed the Captain of Ports (CoP) to dredge the mouth of River Sal in order to facilitate movement of boats. CoP said it received a proposal from Cutbona trawler and boat owners to dredge the river mouth for a better navigational channel. This follows the complaint of small boat owners that the ever-increa

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Govt to disclose final draft of GAAR in 10 days

Govt to disclose final draft of GAAR in 10 days

The draft rules on general anti-avoidance rules (GAAR) prepared by an expert committee chaired by Parthasarathi Shome is sent to the prime minister and a final decision would be taken in 10 days. This information was given by Finance Minister P Chidambaram. The Shome committee suggested that the controversial rules be deferred until 2016-17 and that safeguards be put in place to ensure that taxpayers are not harassed by the rules that seek to deny tax bene