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The banking industry is facing its sachet moment

The banking industry is facing its sachet moment

Telecommunication companies only have payment licenses so they can only take deposits. They can´t lend. What´s happening in banking the world over - and I don´t think India is going to be an exception - is that banking services are being unbundled

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Shipping Ministry to invest Rs.14,225 cr on port projects

Shipping Ministry to invest Rs.14,225 cr on port projects

In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.

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Shipyard industry gets infra status

Shipyard industry gets infra status

The government has granted infrastructure status to the shipyard industry in a boost to its Make in India initiative. The move is expected to bring down borrowing costs for the industry. At present, companies pay average interest of 14-15 per cent on their borrowings.

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Bangladesh keen to invest in Meghalaya power projects

Bangladesh keen to invest in Meghalaya power projects

Bangladesh has evinced interest for investment in power projects of Meghalaya to boost bilateral ties. Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) Chairman Abdul Matlub Ahmad said the neighbouring country´s offer is in the form of a joint venture with Meghalaya government in developing cascading hydel power projects.