The Union Government is giving its attention to promoting coastal shipping, which has a paltry 7 per cent share of the overall local cargo movement. The share of coastal shipping in India
Tag: Union government
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Steps initiated to corporatise ports
The Union government has initiated steps aimed at corporatising IndiaĆĀ“s major ports and has started the process for appointment of a world-class consultant to come out with a draft report for amendments in the relevant act do so.
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Govt to review MCAs for PPP projects
The Union Government will review model concession agreements (MCAs) for public private partnership (PPP) projects across sectors to assess the possibility of moving from a cost-plus basis to predetermined rates while awarding contracts
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Corporatisation of major ports
The Union Government is planning to convert 12 of the 13 major ports into companies to improve efficiency and competitiveness. The ports currently operate as trusts. The shipping ministry has initiated the process for appointing a consultant for corporatisation
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Priority to critical rail links to carry coal
The new Union government will accord high priority to implementation of three critical rail links, a move that will ensure transportation of 300 million tonnes (MT) of additional coal amid shortages faced in the country. The three rail corridors are: Tori-Shivpuri-Kathotia.
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Govt sets up coal regulator
The Union Government has set up a regulatory authority for the coal sector through an executive order recently. The coal regulator will advice the government on principles and methodologies for price determination while state-owned Coal India (CIL) will continue to fix prices, subject to coal ministry's approval.
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Government starts auction of coal blocks
The Union government has initiated auction of coal blocks by inviting applications for the first time, for allocating coal blocks through competitive bidding for specified end uses. The Ministry of Coal has offered three coal blocks for the auction. The Jhirki & Jhirki (West) of East Bokaro Coalfield, Jharkhand has approximate geological reserves of 267.91 mt (coking coal) for steel (blast furnace).
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Setting up of port advisory committees opposed
Union government's plan to constitute Port Advisory Committees for major ports has been opposed by a section of trade union workers in the country's port sector.
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Setting up of port advisory committees opposed
Union government's plan to constitute Port Advisory Committees for major ports has been opposed by a section of trade union workers in the country's port sector.
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Panel appraises 5 more port projects
The Union government constituted Public Private Partnership Appraisal Committee (PPPAC-a high level committee) has appraised five proposals in the port Sector. These projects will now be recommended for grant of final approval by the Cabinet Committee on Economic Affairs (CCEA).