Shipping ministry to seek ‘growth package’

October 9th, 2009 HYDERABAD - Prime Minister Manmohan Singh Friday said it was to too early to comment on what would be the impact of drought and floods on the country's economy. "It is too early to comment," he said when a journalist wanted to know the impact the drought in some parts of the country and floods in others would have on the economic growth.

October 1st, 2009 PANAJI - Casino Royale, Goa's biggest offshore casino, is technically "inferior" and "unfit" to carry 888 passengers as per a certificate issued by the Union of Comoros, says the union shipping ministry. In a written submission to the Panaji bench of the Bombay High Court, Deputy Director General of Shipping (Technical) Captain K.P.

September 18th, 2009 NEW DELHI - The Communist Party of India-Marxist (CPI-M) Friday hit out at the shipping ministry's move to offload government stake in the Cochin shipyard, and said it will raise the issue in the shipping consultative committee of parliament. "I have conveyed my displeasure to Shipping Minister G.K.

September 15th, 2009 NEW DELHI - The shipping ministry has approved the Department of Economic Affairs' proposal to divest government state in Cochin shipyard, Shipping Secretary A.P.V.N. Sarma said here Tuesday.

August 12th, 2009 Paragon Shipping to pay 5-cent dividendParagon Shipping said on Tuesday it would pay a quarterly dividend of 5 cents per share on Sept. 7. The Athens, Greece-based shipper said the dividend would go to shareholders of record on Aug.

July 1st, 2009 NEW DELHI - More public-private partnership (PPP) projects for building ports, revised guidelines for port operations, and speedier acquisition of ships and equipment are some of the targets set by the shipping ministry in its 100-day agenda unveiled Wednesday. Five more PPP projects are likely to be awarded, including coal terminals at Paradip and Mormugao ports and container terminals at Ennore and Tuticorin, according to the agenda released by Shipping Minister G.K.

July 1st, 2009 NEW DELHI - Union Minister of Shipping G. K. Vasan officially released the 100 days agenda for the Ministry of Shipping here today.

July 1st, 2009 NEW DELHI - The Government on Wednesday said it would award six shipping projects worth 3,319.14 crore rupees in next 100 days. These would be developed on the public-private-partnership (PPP) mode.

June 27th, 2009 CHENNAI - The shipping ministry, in its 100-day plan to be announced shortly, will address the issues dogging projects being promoted in public-private-partnership (PPP), Shipping Minister G.K. Vasan said here Saturday.

June 26th, 2009 NEW DELHI - After road transport ministry, it is now the turn of the shipping ministry to demand a separate financing arm. "The ministry has submitted a proposal to the finance ministry to form a Shipping Finance Corp," said a ministry official.

June 14th, 2009 NEW DELHI - About 31,000 employees of flag carrier Air India will receive their June salaries only in mid-July as the national carrier attempts to overcome its losses, which were over Rs.4,000 crore (Rs.40 billion/$8.4 billion) during last fiscal, a top official said Sunday. The July salaries could be delayed by over two weeks, said a senior civil aviation ministry official.

February 9th, 2009 KOLKATA - Domestic shipping companies Tuesday urged the government to set up a fund to help the cash-strapped industry buy new vessels. 'Some fund should be built up for the shipping industry specifically as ECBs (external commercial borrowings) have dried up.

February 6th, 2009 NEW DELHI - A stimulus package for the Indian media will be announced soon, the government said here Saturday. Media houses have been hit hard by the global financial meltdown.

January 1st, 2009 NEW DELHI - The urban development ministry has asked for additional changes at the last minute to the second stimulus package, slated to be announced Friday, to make the package beneficial for the end-user. Last month, Commerce Minister Kamal Nath announced that the second stimulus package would attempt to include special provisions to help exporters and the real estate and infrastructure sectors.

December 23rd, 2008 NEW DELHI - In a bid to help the economy tackle the global financial meltdown, the government is expected to come out with its second stimulus package within the next three days, commerce Minister Kamal Nath said here Wednesday. 'We are looking at financial, some liquidity issues, export, and something to stimulate demand and realty also,' Kamal Nath told reporters.