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NMPT clocks 4.81 per cent rise

NMPT clocks 4.81 per cent rise

The New Mangalore Port Trust (NMPT) registered a growth of 4.81 per cent in overall cargo handling in the first three months of 2011-12 owing to a rise in the handling of coal, LPG, crude oil and container cargoes among others.

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Single Ports Act on the anvil

Single Ports Act on the anvil

The Ministry of Shipping has prepared a draft of a proposed new Ports Act amalgamating the existing two statutes governing the sector into a single piece of legislation and may soon send the proposal to Cabinet for approval.

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Single Ports Act on the anvil

Single Ports Act on the anvil

The Ministry of Shipping has prepared a draft of a proposed new Ports Act amalgamating the existing two statutes governing the sector into a single piece of legislation and may soon send the proposal to Cabinet for approval.

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26 per cent profit sharing by coal cos

26 per cent profit sharing by coal cos

A 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee cleared a proposal in the new mining bill that mandates sharing of 26 per cent profit by coal mining companies with the local population.

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26 per cent profit sharing by coal cos

26 per cent profit sharing by coal cos

A 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee cleared a proposal in the new mining bill that mandates sharing of 26 per cent profit by coal mining companies with the local population.