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CAG report finds fault with port development in Maharashtra

CAG report finds fault with port development in Maharashtra

According to a recent report by the Comptroller and Auditor General (CAG), the Maharashtra Maritime Board failed to prepare any comprehensive plan with a long-term vision for minor ports in the state. The report on General and Social Sector, which was tabled in the state legislature, shows that the maritime board is developing the ports in the state in an ad-hoc manner owing to lack

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Maritime board struggles to sell 999 ton tanker

Maritime board struggles to sell 999 ton tanker

Maharashtra Maritime Board has been making efforts to sell a 999-ton crude oil tanker named MT Pavit for the last over six months, but in no vain. The ship, whose route is still unclear to authorities drifted to the Juhu beach over a year ago and as its owners were not coming forward, the maritime board had to ta

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Port connectivity: The efficiency linkages

Port connectivity: The efficiency linkages

Bankers say ports are one of the best sectors to finance to. With the frenetic growth envisaged in the 2020 Agenda, port connectivity is impatiently awaited as the government works on four-lane roads and rail lines linking the gateways to the hinterland.

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Mah offers sops to port, cargo proj

Mah offers sops to port, cargo proj

In order to boost investment in small port, multi-purpose je­tty and cargo terminal pro­jects, the Maharashtra gove­r­­n­ment has granted an eight-year holi­day on non-agriculture (NA) tax and exempted NA clea­­­­rance norms of land acq­ui­sition for the projects.