LOGISTICS
AWARDS & HONOURS
Norasia nominated as a finalist in Asia logistics awards
NORASIA, a leading shipping line in the East West routes, has been nominated as a finalist in the shipping line award category in the Asia Logistics Awards 2004 organised by Lloyds Freight Transport Buyer Asia magazine, according to a release ...
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AIRLINES
Govt hikes service tax rate under alternate method for air travel agents
THE Finance Ministry has hiked the tax rates that have been specified for air travel agents opting to discharge their service tax liability through the alternate method. In the case of domestic bookings - under the alternate method specified ...
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IA fleet acquisition process to move soon
THE Rs 10,000-crore 43-aircraft fleet acquisition plan of Indian Airlines, which has been pending with the Government since 2002, could finally get the green signal soon. Official sources said that with the airline board clearing a proposal for ...
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Ministry opposed to allowing foreign airlines into domestic sector
THE Civil Aviation Ministry is not in favour of allowing foreign airlines to pick up a stake in domestic airlines as such a move could provide the former an indirect entry into the Indian skies. Explaining the thinking in the Ministry of Civil ...
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Nasdaq to delist US Airways
STOCKS of the now bankrupt US Airways Group Inc will be formally off the Nasdaq Stock Exchange from September 22, the company formally announced. The shares of US Airways dropped 26 per cent to 80 cents a share in ...
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Etihad Air to launch direct flights to Mumbai
THE Abu Dhabi-headquartered UAE airline, Etihad Airways, will be launching direct operations on the Abu Dhabi-Mumbai route from September 26 and is looking at launching direct services from New Delhi before the end of ...
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SHIPPING
Container freight rate to select destinations to rise
"Reasons for the rate restoration include large increase in costs due to higher vessel charter rates and shortage of containers."
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`Sethusamudram won't upset eco balance'
FEARS that the Sethusamudram ship canal project would have an adverse ecological impact are unfounded since the proposed canal alignment steers clear of the coral reefs by about 20 km, according to the Union Minister for Transport and Shipping, ...
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RAILWAYS
Rlys begins work on safety institute
NEW DELHI: THE Ministry of Railways has started working on the process for setting up of an Institute of Rescue and Medical Relief at Bangalore. The Rs 10-crore institute will give a fillip to the training activities for effective ...
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Delhi Metro completes 70 pc of phase I work
THE Delhi Metro project has completed 70 per cent of the total work required for phase I of the project which consists of three lines running from Shahadra to Rithala, Vishwa Vidyalaya to Central Secretariat and Barakhamba Road to Dwarka covering ...
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ROADWAYS
Cabinet to consider upgradation of NHDP-3 next week
THE Union Cabinet will consider next week a proposal for taking up upgradation of a part of the National Highways under the National Highways Development Programme-3 (NHDP-3), according to the Union Minister for Transport and Shipping, Mr T.R. ...
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ADB aid to upgrade national highway network programmes
THE Asian Development Bank (ADB) will provide $1 million under its technical assistance grant scheme to help improve India's national highway network programme, according to informed sources. The National Highway Authority of India (NHAI) will ...
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Baalu asks for feasibility study on Coimbatore by-pass
THE Union Minister for Transport and Shipping, Mr T.R. Baalu, has asked a feasibility study be done for a by-pass linking the Coimbatore-Salem National Highway with the Coimbatore-Mysore and Coimbatore-Mettupalayam National Highways. Speaking ...
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New way
Mr Ravi Parthasarthy, Vice-Chairman & Managing Director, IL&FS (left), exchanging documents with Mr. Rajeev Talwar, Delhi Transport Commissioner, after signing a memorandum of understanding for the proposed elevated expressway on the ring roa
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