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Shipping Min set to abolish TAMP

Shipping Min set to abolish TAMP

In a bid attract more investment in the port sector the Ministry of Shipping is finally coming out with a decision to remove Tariff Authority of Major Ports (TAMP) control over major ports in this month end, a senior ministry official said here today. The move is one of the reform processes towards the de-regulation.

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Govt to develop financial markets to attract investment

Govt to develop financial markets to attract investment

Media reports indicate that the government may take steps to develop financial markets in the country, as part of its economic reform drive. In this regard, the government may launch financial instruments intended to encourage foreign sovereign wealth funds to invest long-term money in India. The Indian government is desperately trying to attract foreign investment into the Indian financial market in order to bridge the high current account defic

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LNG re-gassification capacity

LNG re-gassification capacity

Union Oil Minister M Veerappa Moily informed that India may have LNG re-gasification capacity of over 50 million tonne per annum (mtpa) by 2016-17 with a supply of 198 million standard cubic metre per day. Currently, India has 18.6 mt of re-gasification capacity - 10 mt terminal at Dahej and 3.6 mt plant at Hazira in Gujarat

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Govt to release shale gas policy

Govt to release shale gas policy

Union government would announce policy on exploration and production of shale gas soon. The ministry will finalise the policy once it receives comments from different ministries.

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Tata BlueScope gets Mercedes-Benz order

Tata BlueScope gets Mercedes-Benz order

Tata BlueScope Building Products, a business division of Tata BlueScope Steel has bagged the order to supply LYSAGHT® roof and wall cladding profiles to the extended manufacturing facility of Mercedes-Benz India at Chakan, Pune.