Search Result for : Transportation

The Dollar Business Bureau Railway Minister Suresh Prabhu on Thursday inaugurated key freight sector initiatives such as a new policy of long-term contracts’ with major customers, Indian Railways Freight and Passenger Business Action Plan 2017-18, confirmation trial of double stack dwarf container train under wire- a New Delivery Model and the demonstration run of roll on – roll off (RO-RO) service across the National Capital Region. The roll on - roll off service is a pilot project of Indian railways to promote green transportation through reducing road congestion and improving environment. Indian Railways earns two-third of its revenue from freight, primarily from the transportation of eight commodities. The global slowdown has also hit the country’s transportation sector, which has affected Railway’s freight earnings. Despite these ...

Imported fried oil is used in making bio-diesel. It is cheaper than petroleum diesel by Rs.3-4 per litre, and withdrawal of import duty will bring down its price down further by Rs.6-7 per litre, says Union Transport Minister Nitin Gadkari The Dollar Business Bureau In August last year, the Ministry of Petroleum and Natural Gas had allowed marketing of high-speed diesel blended with bio-diesel from select retail outlets in New Delhi, Vishakhapatnam, Haldia and Vijayawada     In order to promote the use of bio-diesel and check pollution, the government is mulling withdrawal of import duties on used cooking oil, which is used as cheap fuel for transportation. “I have requested the Commerce and Industry Minister Nirmala Sitharaman to withdraw duties on ...

The waiver of Rs. 728 per container will be implemented till April 15 on containers ferried by railways to and from the dedicated rakes at JNPCT. The Dollar Business Bureau The move will encourage the trade for usage of rail transportation and reduce the congestion and pollution on the roads around JN Port.In a move to encourage the use of rail transportation within the country, the Jawaharlal Nehru Port Trust Board has decided to waive of handling charges for containers sent to the port via railways for exim (export-import) trade. The waiver of Rs. 728 per container will be implemented till April 15 on containers ferried by railways to and from the container freight services on dedicated rakes at JNPCT (Jawaharlal Nehru ...

Himanshu Vatsa | The Dollar Business   After the launch of Make in India, the inflow of foreign direct investment (FDI) has grown by 35% and the country has attracted substantial investment from overseas in various sectors, a top government official said on Thursday. The Prime Minister Narendra Modi-led government had launched the ‘make in India’ initiative in September 2014 with an aim to turn the country into a manufacturing hub. Several measures have been announced since then to push the manufacturing sector by attracting private investors from within the country and abroad. “The foreign direct investment in the last 17 months vis a vis the figure of the 17 months of the previous year has grown by 35%,” said Amitabh Kant, ...

The Dollar Business Bureau Indian Railways is confident that its most ambitious project - ‘Dedicated Freight Corridor (DRC)’ will be completed in time i.e. by 2019. Manoj Sinha, Minister of State (Railways) said, “Prime Minister Narendra Modi wants the two dedicated freight corridors, west and east, completed in time, even as the government is planning for more such lines.” He assured the industry that despite several problems being faced in this initiative, the railways had “full confidence” of completing them in time and added that the Allahabad-Mughalsarai sector of the eastern corridor would be completed faster. The project is worth Rs 81,459 crore and the work is expected to complete in two phases between 2017 to 2019. While inaugurating an ASSOCHAM conference on ...

Source: PIB, Government of India Considering the importance of closer regional economic cooperation and integration through enhanced regional connectivity by road for cross-border to improve connectivity and people to people contact for furthering the shared goal of overall economic development, a meeting of the Secretaries of Transport of India, Myanmar and Thailand (IMT) was held in Bangkok, Thailand on July 13-14, 2015 to reach consensus on signing and operationalising the IMT Motor Vehicle Agreement (MVA) which has been under negotiation since March 2015. It may be recalled that the text of the MVA was already finalized by the three countries in the Transport Secretaries meeting, held in June 2015 at Bengaluru, India and the meeting at Bangkok was primarily to discuss ...

Source: PTI Taking a major step forward on the state's ambitious Rs 7,500 crore Vizhinjam deep sea port project, Kerala government and Adani Ports decided to sign the construction agreement on August 17. The decision was taken at a meeting by Chief Minister Oommen Chandy with Adani Ports Officials, including the company's Executive Director Karan Adani. It was also decided to start the construction work on November 1, the state's formation day, Ports Minister K Babu told reporters after the meeting. Karan Adani said that even though the construction period is four years as per the agreement, the company plans to complete the work in two years. Babu said that the CM would write to Prime Minister Narendra Modi ...

Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the signing of Memorandum of Understanding (MoU) between India and Canada in the field of Civil Aviation. MoU will help in deepening the bilateral cooperation and enhancing the experience and technical knowledge in the field of Civil Aviation between India and Canada. Some of the important features of the MoU would be as under: An appropriate platform shall be formalized for exchange of views on the possibilities of fostering greater commercial/economic cooperation between the two countries in the areas of civil aviation. The two countries shall have a cooperation programme in the areas of safety of aircraft operations and related issues that will provide ...