Page 41 - Dhruvaksh Saha

Govt to amend 114-year-old the Indian Ports Act, bring in reforms

Bill aims level-playing field for ports, new dispute resolution mechanism

'Won't tolerate builders' jugaadu attitude,' warns Road Transport Secretary

"This jugaadu attitude even in the biggest of concessionaires is causing (us) worry," he added

No non-veg service on Delhi-Katra Vande Bharat, pax can still carry: Rlys

A Railway official said that currently there are no other trains in the pipeline for Sattvik certification

Port Sector recovers from supply shocks, goes past pre-Covid level

After the pandemic struck, international trade had been abruptly brought to a halt, causing severe losses to seafarers

Adani buys Macquarie Infra's toll roads in Andhra, Gujarat for Rs 3,110 cr

The deal, executed at Rs 3,110 crore, will give Adani control over four stretches of toll roads in Andhra Pradesh and Gujarat and is expected to be completed by September

NHAI violated contract sanctity, gave concessionaires undue perks: CAG

The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019

Rail passenger mobility at 70% of pre-Covid levels still shy of target

Between April and June, the national transporter saw 1.46 billion bookings for its passenger services, which include suburban and non-suburban trains

Railways freight transport up 8% in July as it carries coal nationwide

The transporter has recorded 11 per cent increase in cumulative freight loading this financial year

Shapoorji Pallonji sells entire stake in Jammu-Udhampur highway to NIIF

Contract for the project, which connects with Mata Vaishno Devi shrine, allowed the firm to collect a semi-annual sum for 20 years

India seeks to unlock trade potential with Central Asia via Chabahar port

Union Minister Sarbananda Sonowal on Sunday addressed diplomats from Central Asian countries, seeking higher trade engagement via the Chabahar free trade route

Transporters may have to shell out more for toll on new port roads

The development comes at a time when the shipping ministry stares at under-utilisation of assets since there has been slow progress on road and railway connectivity projects

RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%

EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore

India, Uzbekistan agree pilot trade shipment through Chabahar Port

The shipment is expected to be executed in the next 15-20 days, an official in the know of the matter said

Traffic surge at ports a sign of India's economic revival: Report

Both coal and crude oil grew 16 per cent year-on-year (YoY), accounting for 105 mt and 65 mt of traffic in the first quarter, even on the back of record high prices

High freight rates, rake shortage hit coastal coal shipping plan

Inadequate rake supply continues to haunt railways despite its numerous claims of intervention

Mumbai's CSMT facelift plan back to drawing board due to railway revamp

The project, which had received bids from Adani, Oberoi and GMR, goes back to drawing board after abrupt shutdown of nodal agency; station will now be developed under BOT mode

In a first, Railways takes the DFC route to transport four-wheelers

Western dedicated freight corridor to transport 25 wagons of four-wheelers for the first time

Ministry of Railways to monetise redeveloped stations through REITs

The decision assumes significance as MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) of the Centre, during the last fiscal year

Faster security clearance of bidders on cards for PPP port projects

Under this, prominent players and regular bidders in government tenders would not need to go through repeated clearances under normal circumstances

Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23

Both the finance ministry and Union cabinet have recently come down heavily on railways and asked it to expedite its monetisation efforts