RITES Limited has signed an agreement for acquisition of a 24 per cent equity stake in Indian Railway Stations Development Corporation [IRSDC] Limited for Rs 480 million. IRSDC, the nodal agency for implementation of the […]
Construction work has been completed on the 16 km Kachhwa Road-Madhosingh station section of the Varanasi-Madhosingh-Allahabad rail line doubling project. Besides, work on the Manduwadih-Kachhwa Road section has also been completed. The project involves doubling […]
The Kerala government granted approval to the detailed project report (DPR) of the Kerala semi-high speed rail corridor project (Silver Line) on June 10, 2020. The project, which will be implemented by Kerala Rail Development […]
IR has partially resumed passenger train services after a gap of over two months on account of the countrywide lockdown due to the COVID-19 pandemic. Around 200 special trains commenced operations on June 1, 2020. […]
Tata Power has taken over the management of the Central Electricity Supply Utility of Odisha (CESU). The Odisha Electricity Regulatory Commission (OERC) has issued an order vesting CESU with Tata Power with effect from June […]
NTPC Limited has decided to give a discount of Rs 13.63 billion to discoms on fixed or capacity charges during the lockdown period. The company’s board has also approved deferring the collection of Rs 20.64 […]
The central government has decided to bring the level of coal imports for blending purposes to zero in 2020-21. The government has reportedly asked Coal India Limited to enter into pacts with power generation companies […]
The Power Finance Corporation (PFC) and REC Limited have decided to offer loans at concessional rates to state distribution utilities under the Rs 900 billion liquidity infusion package to mitigate the impact of COVID-19 on […]
The finance minister has unveiled significant power sector reforms as part of the Atmanirbhar Bharat Abhiyan to mitigate the impact of COVID-19 on the economy. The government has announced tariff policy reforms to encourage consumer […]
The governments of India and Bangladesh signed the second addendum to the Protocol on Inland Water Transit and Trade on May 20, 2020. During the earlier discussions in October 2018 and December 2019, key decisions […]
As of April 30, 2020, the Indian shipping industry had a fleet of 1,432 vessels of 12.7 million GT and 19.2 million deadweight tonnage (DWT). Of the total vessels, 975 were coastal vessels with a […]
The Central Board of Indirect Taxes and Customs (CBIC) has extended the 27×7 customs clearance facility at all seaports till June 30, 2020. The development comes in light of the CBIC’s efforts to facilitate faster […]
Container Corporation of India Limited (CONCOR) has shut 15 underperforming inland cargo terminals and has handed over the land on which they were operating to Indian Railways (IR). One of the terminals that has been […]
V.O. Chidambaranar port has reduced pilotage and berth hire charges by 10 per cent for vessels of up to 20,000 gross tonnage (GT). The new rates are effective retrospectively from January 1, 2020.
The Deendayal Port Trust (DPT) has revised the procedure for the levy of penal berth hire charges. For cargo handled on mechanised bulk berths, penal berth hire charges will be levied on shipping/vessel agents for […]
The JNCH has issued a circular stating the withdrawal of public notice nos. 24/2020 and 33/2020 regarding the facility for waiver of late fees for delayed filing of the bill of entry (BoE) via public […]
The Jawaharlal Nehru Custom House (JNCH) has issued a circular for the provisional assessment of consignments originating from China under the claim of duty exemption on the basis of country of origin certificate issued under […]
During the first two months (April-May) of the ongoing fiscal year 2020-21, Indian major ports handled 92.82 mt of traffic, as compared to 119.24 mt in the corresponding period of 2019-20, registering a decline of […]
The government has, for the second time, extended the bidding deadline for privatisation of Bharat Petroleum Corporation Limited (BPCL) by over a month to July 31, 2020. While the cabinet had approved the sale of […]
The Qatar government has agreed to discuss India’s demand to renegotiate its long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing demand during the pandemic has […]
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