CCEA approves Strategic Sale of Government Equity in Dredging Corporation Of India

Cabinet Committee on Economic Affairs (CCEA) has approved strategic disinvestment of 100% Government of India’s shares in Dredging Corporation of India Limited (DCIL) to consortium of four ports. Presently, Central Government holds 73.44% shares in DCIL. The consortium of four ..

Month: Current Affairs - November, 2018

Government to expand Logistics Data Bank project to South India  

The Union Ministry of Shipping is planning to expand Logistics Data Bank (LDB) project to the country’s southern region. So far, it had covered only the western logistics corridor. The LDB project was launched at the Jawaharlal Nehru Port (JNPT), ..

Month: Current Affairs - August, 2017

Cristiano Ronaldo wins 2016 FIFA Ballon d’Or Award

Real Madrid forward Cristiano Ronaldo (31) from Portugal has won the prestigious 2016 FIFA Ballon d’Or Award. He has earned this title of world’s best football player for fourth time. Earlier he had won the Ballon d’Or in 2008, 2013 ..

Month: Current Affairs - December, 2016

JNPT signs ECB Agreement worth $400 Million with SBI and Development Bank of Singapore

India’s premier container port, Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed 400 Million US Dollar agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB). The agreement was signed ..

Month: Current Affairs - August, 2016

Union Cabinet approves setting up a Major port at Enayam near Colachel in Tamil Nadu

The Union Cabinet has given its in-principle approval for setting up a Major port at Enayam near Colachel in Tamil Nadu. On completion the port will become country’s 13th major port. The Enayam Major Port project seeks to make India ..

Month: Current Affairs - July, 2016

Inland Water Transport in India and National Waterways

India draws a substantial network in terms of inland waterways in the form of rivers, canals, backwaters and creeks. India’s total navigable length is 14,500 km out of which about 5200 km of river and 4000 km of canals can ..