India’s insurance industry hit by frauds; insurers pay higher premium to compensate,Financial Express, Apr 13, 2020
- SBI announces emergency credit line for borrowers affected by COVID-19
- To boost demand for electric vehicles, FICCI seeks extension of FAME II
- FICCI announces appointment of Jyoti Deshpande, Co-Chair of FICCI Media & Entertainment Board
- Coronavirus: Suspend NPAs, inject capital for power companies, says FICCI
A modern VTMS integrates all of the information into a single operator working environment for ease of use and in order to allow for effective traffic organization and communication. In pursuance of ‘Make in India’ policy of the Government of India, Ministry of Shipping has reviewed the ROFR licensing conditions for chartering of vessels/Ships through tender process for all types of requirements. Senior officials of the Ministry of Shipping, Shri T. K. Ramachandran, Chairman, V.O. Chidambaranar Port Trust, Shri Arun Kumar Shrivastava, Managing Director, Central Warehousing Corporation and port officials were present in the virtual inauguration. Thereafter, prizes were given to the winners of different competitions organised among the employees and school students through online platform during this week. Shri Nihar Ranjan Ojha, AE, Vigilance Dept., PPT presented the vote of thanks.
On arrival, Masters of all the vessels are to provide health declarations on corona virus infection, having symptoms of cold, sneezing and fever. Shore leaving is not permissible to the crew of vessels having last Port of Call to China, Macau and Hong Kong, after 15thJanuary, 2020 in line with Govt. Daily update of health status of crew has been mandatory for all the vessels, until their stay in Paradip water. Relevant meeting and updates are being given by the PPT Authority for all its stakeholders.
These steps will improve the connectivity with North Eastern Region through waterways. The Government has undertaken the ambitious Jal Marg Vikas Project with an investment of about Rs. 4600 crore for the capacity augmentation of NW-1 for safe and sustainable movement of vessels upto 2000 tonnes. In this day long meeting on PM Gati Shakti initiatives, vehicle scrapping policy, implementation of MIV 2030, ongoing, completed and futuristic projects by Ports chairman were also discussed. Paradip Sakshyarata Samiti under the aegis of PPT today organised a seminar at Officers’ Club.
Hydrocarbons are likely to remain the most important source of energy for decades to come in India, despite other forms of energy like coal, renewable energy, etc. The Pradhan Mantri Ujjwala Yojana , the scheme of giving LPG connections to women of BPL families was launched today at Ranchi. Raghubar Das, Hon’ble Chief Minister of Jharkhand in the presence of Shri Dharmendra Pradhan, Hon’ble Minister of State , Ministry of Petroleum and Natural Gas, Government of India. Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan formally launched BS-IV grade transportation fuels across the country from Bhubaneswar today. Minister of State (I/C) for Petroleum and Natural gas, Shri Dharmendra Pradhan addressed the media on the Pradhan Mantri Ujjwala Yojana , a flagship scheme of the Ministry of Petroleum and Natural Gas here today.
SBI announces emergency credit line for borrowers affected by COVID-19
He said that the Ministry of Ports, Shipping & Waterways prioritized improvement of connectivity to more than 50 plus non-major operative Ports through PM Gati Shakti. In this comprehensive port connectivity plan, more than 107 connectivity gaps were identified for abridging port connectivity. In its march towards a ‘full spectrum’ domination of the world, China needs to first secure its heartland from land, sea, space, cyber, economic, commercial, diplomatic, social and air threats. The South China Sea dominance and subsequent dominance of the East China and Philippines Sea are steps in consonance with this unstated goal. Defence & Aerospace sector is at the core of ‘Make in India’ campaign of the Government of India. ‘Make in India’ should also target encouraging and incentivizing Micro, Small and Medium Enterprises’ participation in the defence manufacturing.
Like previous years, the Central Industrial Security Forces Unit of Paradip Port Trust observed 52ndraising day in its local complex this morning. Addressing the gathering, he said that the CISF is created for the better protection and security of industrial undertakings in the country. With the number of personnel has reached over 1,63,000, it has transformed into a multi-skill security agency of the country mandated to provide security to the major installations across the country. On the occasion of the celebration of the National Maritime Day, Shri Mansukh Mandaviya, Minister of State(I/C) for Ports, Shipping and Waterways congratulated the maritime community and appreciated their hard work, zeal and courage and role played in the times of the COVID pandemic.
Sagarmala program was launched in March 2015 with the objectives to achieve port modernization & new port development, port connectivity enhancement, port-led industrialization and coastal community development. The program has followed a stepped approach of implementation with first attempt on implementing the maritime projects through Public Private Partnership wherever feasible. Projects which have high social and economic quotient but low IRR are being implemented through funding support under the Sagarmala program.
Indian Oil Corporation’s Product Applications & Development Centre at its Paradip Refinery was inaugurated today by Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha, and Shri Dharmendra Pradhan, Union Minister of Petroleum & Natural Gas and Steel, through a virtual platform. Indian Oil Corporation Limited , NTPC and South Delhi Municipal Corporation have signed a tripartite MoU here today for development of waste-to-energy facilities at SDMC’s landfill site in Okhla. Shri Dharmendra Pradhan, Hon’ble Union Minister of Petroleum & Natural Gas and Steel, formally inaugurated 56 CNG stations spread across 13 States and a Union Territory over a video link here today.
To boost demand for electric vehicles, FICCI seeks extension of FAME II
The waterways will cut through the landlocked access which has been crippling development in the region for long. The waterways not only remove this geographical hindrance on the road of progress in the region but also provides an economical, swift and convenient transportation for the businesses and people of the region. At the meeting, Systematic Risk Principle: Definition, Types & Examples Shri Haranadh spoke about the rich Maritime Heritage of the Nation in ancient times. The state of Odisha also has a rich Maritime History which reflected by celebration of Port Day on the auspicious of occasion of Kartika Purnima. He spoke in length about the future prospects of PPA to be become the mega Port in the country.
- It imparts faster and transparent decision making benefiting the stakeholders and better project execution capability.
- He instructed all the Gencos to utilise the capacity available at Paradip Port and increase volumes of Thermal coal in this financial year.
- He said about passenger trains and trucks will be able to take advantage of this new service in a year.
- The Ministry of Ports, Shipping and Waterways has accorded high priority to building greater synergies between the Major Ports and Non-Major Ports in order to promote coastal trade and to provide sustainable, cost-effective and efficient Intermodal & Multimodal customer solutions.
- IndianOil won the National CSR Aaward instituted by the Ministry of Corporate Affairs, Government of India, under Women and Child Development category for its Assam Oil School of Nursing project at Digboi.
- It was from this critical tenet that concepts of Sea Denial, Sea Control and Power Projection evolved.
He said our goals are extraordinary and will require extraordinary efforts. In realizing these goals, PM Gati Shakti will be the most helpful factor. Just as JAM trinity revolutionized the access of government facilities to the people , PM Gati Shakti will do the same for the field of Infrastructure, he added. Due to the COVID crisis and Unlock guidelines, social distancing is being given special emphasis in various events to be undertaken during the Pakhwada period.
FICCI announces appointment of Jyoti Deshpande, Co-Chair of FICCI Media & Entertainment Board
Extending his greetings to the gathering on the auspicious occasion of Kartika Purnima, Shri Haranadh, Chairman, Paradip Port Authority outlined the tremendous rise of the Port in recent times banking on four Pillars. First of all is the capacity expansion and the port is marching ahead to clock 125 MMT Cargo Handling mark in the current fiscal. Within next 2 years around 100 MMT Capacity projects will be awarded and thus by the Port will become India’s largest capacity Port. Under PM Gati Shakti Masterplan, Port connectivity projects like Rail, Road, Waterways, Conveyor and Pipeline will get a massive boost in synergy with the State and Central Govt.
He was extended very warm welcome by Chairman, PPA at Jawahar Guest House, He was given Guard of Honour by the CISF, PPA contingent. The Hon’ble Minister had an interactive session with Stakeholders of the Port & Unions at Convention Centre which was inaugurated by him. In the adjacent orchard, Shri Sonowal planted fruit bearing plants like mango, guava, lichi, water apple etc For creating recreational facilities for inhabitants of Township sitting arrangements, pathway etc. will be developed later on. It shall cater to the requirement of coal & limestone imports besides export of granulated slag & finished steel products considering the large number of steel plants established in the hinterland of Paradip Port.
Reflecting IndianOil’s enduring commitment to its customers in offering superior world-class products, the Corporation has launched two new high performance grades of its engine oils. IndianOil and HDFC Bank Ltd. today launched a co-branded fuel credit card for users from non-metro cities and towns. The IndianOil HDFC Bank Credit Card offers customers the highest rewards and benefits on fuel consumption. IndianOil has commenced deliveries of IMO-2020 compliant Low Sulphur Furnace Oil with 0.5% Sulphur as marine fuel at Indian ports. The first such supply was made on 26th October 2019 to the LPG tanker Berlian Ekuator at Kandla port.
Comptroller and Auditor General of India Girish Chandra Murmuhas been re-appointed as theChairman of the Panel of External Auditors of the United Nationsfor the year 2021. CRISIL Rating agency has projected the GDP growth of India to rebound to 11% in FY’22 ( ). The first-of-its-kind ‘Forest Healing Centre’ of India has been inaugurated at Kalika near Ranikhet in Uttarakhand. Prime Minister Shri Narendra Modi inaugurated ‘Maitri Setu’ bridge between India and Bangladesh through a video conference on March 09, 2021 to strengthen the connectivity between both the countries, and especially with the north-eastern region of India. India’s first-ever ‘Transgender Community Desk’ has been launched by the Cyberabad Police at the Gachibowli Police Station in Hyderabad, Telangana.
Coronavirus: Suspend NPAs, inject capital for power companies, says FICCI
The vaccination session was inaugurated by Shri Asish Kumar Bose, the Deputy Chairman, PPT and Shri Kanhu Charan Dhir, Addl. District Magistrate, Paradip and in the presence of the Officers and Employees of Medical Department, PPT. The first shot was given to the Chief Medical Officer Dr. Prahallad Panda. Dr Panda said, he is taking first vaccination to alleviate fear of others as https://1investing.in/ well as health care and front line workers; and to stop the rumor –mongers spreading misinformation about the efficacy of the vaccine. COVID-19 vaccination has been eagerly awaited to prevent the spread of the disease by creating HERD immunity in the community. As per the Government Guidelines, in the first phase, the health care workers and frontline workers were being immunized.
After inauguration ceremony, panel discussions on “Opportunities and challenges of PPP model in Indian Port Sector” and “Reduction of logistics costs in Maritime Sector – Role of PPP” took place. Bishnupada Sethi, Principal Secretary, Commerce and Transport, GoO stressed for bringing the integrated vision of the State to action mode for transformation of the region. He also enumerated various investment opportunities in the State Maritime sector. The first celebration of World Maritime Day was done on 17 March 1978 to mark the occasion of enforcing first convention of IMO in 1958 and since then every year, during last week of September, the World Maritime Day is observed globally. With the theme, “New Technologies for Greener Shipping” Paradip Port observed the 45th World Maritime Day, today. It reflects the need to support a green transition of the Maritime Sector into a sustainable future, while leaving no one behind.
FICCI welcomes GST Council decisions
OSBD is remarkable and the business has grown 9 times within last 18 years. Needs to do more ship re-cycling industry must be given a boost for more ship manufacturing Unit. Chabahar Port has emerged as the “connecting point” for the region to deliver humanitarian assistance during the COVID pandemic, added Shri Mandaviya. Shri Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to land; it will be a century of the seas, skies and space’. The significance of this day is to emphasize the importance of International Maritime Organization for the maritime sector and to highlight its contribution towards Maritime Safety, Maritime Security and Marine Environment. In simple manner, it can be explained that World Maritime Day is celebrated for carrying out commercial sea transport in a safe, secured and environmental friendly manner for the economic growth of the world.
The overall import of India from the United States, rose 48 percent to a record 545,300 barrels per day in February 2021 compared to January 2021. The National Payments Corporation of India , the umbrella entity for digital payments in India, has launched a new application named “UPI-Help” on BHIM UPI, which will act as a grievance redressal mechanism for the users of the BHIM application. Every year, the World Kidney Day is held on the second Thursday in March.