In a significant development, the Major Port Authorities Bill, 2020, has been passed in the Lok Sabha. The bill aims to decentralise the decision-making process and infuse professionalism in the governance of the major ports. […]
Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue resulting from the Covid-19 pandemic. Airlines including IndiGo, Vistara and Air […]
The government has approved the construction of the Haryana orbital rail corridor project from Palwal to Sonepat to decongest the railway network in the National Capital Region and connect unserved areas of the state. The […]
As per a report by the Comptroller and Auditor General (CAG), Indian Railways (IR) has resorted to window dressing so as to show its working expenses and operating ratio (OR) in a better light. The […]
The central government has inaugurated a number of railway projects in Bihar. These include the Katihar-New Jalpaiguri rail section under the Barauni-Katihar-Guwahati railway electrification project; the Samastipur-Darbhanga-Jaynagar and Samastipur-Khagaria sections under the Samastipur-Khagaria, Darbhanga-Jaynagar and […]
The Uttar Pradesh government has decided to withdraw its plan for privatisation of the state’s discoms. The move comes after a meeting with protesting employee unions which began an indefinite strike. The state government had […]
The Ministry of Coal has received 78 valid bids for 21 of the 38 coal mines offered in the first auction of blocks for commercial mining at the close of the deadline on September 29, […]
NTPC Limited incorporated a wholly owned subsidiary, NTPC Renewable Energy Limited, on October 7, 2020, to undertake its renewable energy business. In August 2020, NTPC had received approval from NITI Aayog and the Department of […]
The MoP has issued draft Electricity (Late Payment Surcharge) Rules, 2020. The rules have been drafted in view of the current low rates of interest prevailing so that the rates of late payment surcharge (LPS) […]
The MoP has issued the Draft Electricity (Change in Law, Must-run status and Other matters) Rules, 2020. The draft lays down rules to allow quick compensation to power plants for additional costs arising due to […]
The Ministry of Power (MoP) has drafted a standard bidding document (SBD) for the privatisation of distribution licensees. The SBD contains the format for the request for proposal, the shareholders’ agreement, the share acquisition agreement, […]
In a notable development, Cochin Shipyard Limited has delivered two roll-on roll-off (ro-ro) vessels to the Inland Waterways Authority of India. The 56 metre long ro-ro vessels have been built with in-house design for day […]
The central government has notified the Directorate General of Shipping (DGS) as the National Authority for Recycling of Ships under Section 3 of the Recycling of Ships Act, 2019. Accordingly, the DGS will be the […]
Gujarat Pipavav Port Limited (GPPL) has sought an extension in its concession period beyond 2028 from the Gujarat government for carrying out the expansion and modernisation of Pipavav port. GPPL has the exclusive right to […]
During April-September 2020, the Indian major ports handled 298.55 mt of traffic, as compared to 348.23 mt in the corresponding period of 2019, registering a decline of 14.26 per cent. However, the extent of quantity […]
Bentley Systems, a leading global provider of comprehensive software and digital twin services for advancing the design, construction and operation of infrastructure, has announced the acquisition of NoteVault, a San Diego-based provider of voice-based field […]
NICDC Logistics Data Services (NLDS) has extended its services to Nepal and Bangladesh after receiving the consent of the Land Port Authority of India (LPAI) to install radio-frequency identification readers at the integrated check posts […]
The MoRTH has extended relief measures for road contractors and concessionaires by three months, following a request from the industry. The relief measures announced by the ministry in June 2020 included extension of project timelines […]
As CMD of Yamuna International Airport Private Limited, the Indian special purpose vehicle of Zurich Airport International, Daniel Bircher led his team to win a 40-year concession to build and operate the $700 million greenfield […]
The Covid-19 pandemic has resulted in challenging times for India. However, foreign investors continue to pin their hopes on the country’s recovery and growth thereafter. The investment outlook seems to be sanguine in the long […]
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