Container cargo handling at major ports drops about 25% in April-Aug: IPA

Container cargo handling at major ports drops about 25% in April-Aug: IPA


handling at India’s major ports fell about 25 per cent during April-August amid the COVID-19 pandemic, according to ports body IPA data.


in terms of TEUs (twenty-foot equivalent unit) at India’s 12 major ports dropped 25 per cent to 3.25 million in the the April-August period of the current fiscal, showed the latest data from the Indian Ports’ Association (IPA).



In terms of tonnage, the declined 22.45 per cent to 49.26 million tonnes (MT) during the period.


These ports had handled containers to the tune of 4.34 million TEUs and 63.53 MT in terms of tonnage in the April-August period of the previous financial year.


The IPA, which maintains cargo data handled by these ports, in its latest report said “percentage variation from the previous year” in container handling in terms

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India needs to copy China better when it comes to running successful SEZs

India needs to copy China better when it comes to running successful SEZs


If India only reforms when under pressure, then now should be a moment for big changes: Gross domestic product contracted nearly 24% in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding over 85,000 confirmed coronavirus cases each day. There’s an obvious place for the government to start, too: fixing India’s failed special economic zones.


China, of course, pioneered the idea of testing politically difficult economic and legal reforms in a few such areas before rolling them out more widely. The experiment proved wildly successful. Shenzhen, one of the mainland’s first SEZs, grew from a population of 310,000 and a GDP of $160 million in 1981 to a population of 12.5 million, a GDP of $388 billion and per capita income in excess of $30,000 by 2019–surely the fastest-ever

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670 electric buses, 241 charging stations sanctioned under FAME scheme

670 electric buses, 241 charging stations sanctioned under FAME scheme


The Union government has sanctioned 670 for Maharashtra, Goa, and Chandigarh, and 241 charging stations in Madhya Pradesh, Tamil Nadu, Kerala, and under Phase-II of the ‘FAME India’ Scheme.


Union Minister of Heavy Industries Prakash Javadekar said on Friday, “This is a big push to Prime Minister’s vision of eco-friendly Public transportation.”



Announcing this in a series of tweets, Javadekar said the decision reflects the government’s commitment to reduce dependence on fossil fuel and to address issues of vehicular emissions.”


The Department of Heavy Industries (DHI) under the Ministry of Heavy Industries and Public Enterprises is administering the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme since April, 2015 to promote adoption of electric/hybrid vehicles (xEVs) in India.


In the first phase of the scheme

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In his bid to revive Indian economy, Modi takes a gamble on the farm

In his bid to revive Indian economy, Modi takes a gamble on the farm


Big changes are afoot in Indian agriculture, driven by Prime Minister at considerable political risk. Freeing up farming markets may be as significant as dismantling industrial licenses in 1991. However, if the state’s protection withers away only to reveal a few large capitalists as the new overlords, there will be chaos and misery rather than progress and prosperity.


To gauge the scale of what’s being done, picture the depth of the stasis: 119 million cultivators and 144 million farmhands — taken together, 10 times Australia’s population — yoked to a marketplace designed to be anti-competitive, and denied the lift in productivity that propelled urbanization from Japan and South Korea to Taiwan and China.



“It’s like a massive old table in the center of the room, crawling with parasites.” That’s how Hemant Gaur, an entrepreneur who’s bringing technology to potato

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States to approve land acquisition process for private coal miners

States to approve land acquisition process for private coal miners


The Union ministry of coal has proposed that the mine bearing states will have the authority to choose which legal purview they will follow to award land to private coal miners under the commercial coal auction. This comes after some mine-bearing states protested that the Centre is breaching their rights to approve for private coal miners.


has proposed that states can choose between the Coal Bearing Areas (Acquisition & Development) Act, 1957 or the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLAAR) Act, 2013.



In order to ease the process for the upcoming commercial coal auction, the Centre was mulling to allow under the Coal Bearing Areas Act, 1957. This would entail the Centre acquiring land and then giving it on lease to the private miners, this paper

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MSP hike for six rabi crops inadequate: Shiromani Akali Dal chief

MSP hike for six rabi crops inadequate: Shiromani Akali Dal chief


chief on Monday rejected the Centre’s hike of Rs 50 per quintal in the minimum support price of wheat by the Centre.


Badal described the hike as “utterly inadequate”, saying this came as a “huge disappointment” to the farmers who are already battling “unremunerative prices” of their produce.



For other crops, the minimum support prices announced by the Centre is “meaningless” in the absence of assured procurement of those crops, the SAD chief said in a statement.


He said the increase in MSPs would not even cover the increased costs of inputs, including diesel.


The Centre on Monday hiked the MSP for buying six rabi crops, including wheat, by up to six per cent.


The MSP of wheat has been hiked by Rs 50 to Rs 1,975 per quintal.

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