Taking note of reduction in the profits of its 12 major ports in the country, the government of India has taken several steps to reduce costs. As a cost cutting measure, the Centre wants to reduce surplus manpower through the Voluntary Retirement Scheme (VRS). The Union Shipping Minister GK Vasan said this in the Lok Sabha recently. Profit of major ports declined by about 30 per cent to Rs 1,220.61 crore in 2012-13 over the previous fiscal, Vasan said in a written reply to the Lok Sabha.
FlashNews:
Air India and IHG Hotels & Resorts Forge Loyalty Partnership
RVNL Emerges Lowest Bidder for ₹40.49 Billion EPC Package in Odisha
ISRO’s GSLV-F17 Launches EOS-05, India’s First Geosynchronous Imaging Satellite
Inox Wind Secures ₹7.55 Billion Repeat Order from Indian Oil
FLY91 Signs $1 Billion ATR Order to Drive Regional Aviation Growth
Esri Launches Linux‑Based GeoSARAL to Tap India’s Expanding GIS Market
Tata Power Commissions 400 kV Jalpura-Khurja Corridor to Strengthen NCR Grid
UrbanVault Expands into Chennai with 100,000 Sq. Ft. Across Three Properties
Naidu Chairs High‑Level Committee to Strengthen Aircraft Leasing and Financing
Windergy India 2026: Wind Sector Targets 100 GW with Manufacturing, Offshore and Repowering
RVNL Charts Diversified Growth with Strong Order Book and Execution
Air India Express Unveils New Uniforms Inspired by India’s Cultural Heritage
NHAI Tightens AI-Machine Construction Norms
Power Investments to Drive 100-200 bps Revenue Growth for Large EPC Firms
Air India Expands Easy Connect from Ahmedabad, Linking Gujarat to 26 Global Destinations
AM/NS India, ICAR‑IARI Partner on Sustainable Use of Iron Ore Tailings in Agriculture
POWERGRID Holds 37th AGM, Showcases Strong Growth and High System Availability
‘Logistics growth will mirror India’s manufacturing momentum’
IndiGo Ventures Backs Sarvam to Drive AI in Aviation
Home » reduce costs