LOGISTICS
AIRLINES
A mixed week for aviation sector
THE PAST seven days have been both a week of turmoil and some relief for the domestic aviation industry and its passengers. While the implementation of the Budget proposals in their current form could cause hardship to ...
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Tax advisor for airports upgrade project mooted
THE Government has proposed to appoint an accounting and tax advisor (ATA) to facilitate the restructuring and modernisation of the airports in Delhi and Mumbai. Sources told Business Line that the ATA is likely to advise ABN Amro, the ...
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IA non-metro scheme
THIRUVANANTHAPURAM: National carrier Indian Airlines has launched the `IA non-metro scheme' that aims to convert occasional, need-based air travellers from these smaller cities and mini-metros locations into regulars. Announcing this, a ...
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Air Deccan earns Rs 552-cr revenue
AIR Deccan, the low-cost carrier that commenced operations in August 2003, has recorded revenues of $120 million (Rs 552 crore) as of March 2004. According to the Managing Director, Capt G.R. Gopinath, the airline has been in a positive cash ...
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SHIPPING
International terminal at Kochi — Bunkering benefits
Located near one of the busiest maritime routes, Kochi will have great business potential as an international bunkering terminal.
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Industry seeks further tweaking of tonnage tax
Apart from seeking a clearer picture on what kind of vessels qualify for tonnage tax, the industry wants other clarifications too. These include the restriction on percentage of tonnage chartered, taxation of interest on reserve funds, and bringing book profits on sale of vessels under tonnage tax.
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Competition from Chennai, Kochi — Will Tuticorin get `boxed' out?
"WE NEED to create and encourage competition among ports, and the fittest will survive. We need to take a professional decision, not a political decision," Mr T. R. Baalu, Minister for Shipping, Road ...
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RAILWAYS
Railway official meets Antony
THIRUVANANTHAPURAM: The General Manager of Southern Railway, Mr V. Anand, called on the Chief Minister, Mr A. K. Antony, here on Sunday. An official said the General Manager sought the Government's assistance in completing various ...
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