Nearly a third of India’s rice exports for January 2022 are stuck due to a shortage of freight trains. Most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]
Sovereign credit profiles across greater China are expected to remain stable in 2022, as the region’s strong financial buffers offset rising growth pressures associated with pandemic-related uncertainty and mainland China’s property-sector stress, Fitch Ratings said in a report. The ratings on China, Hong Kong, Macao and Taiwan are all on Stable Outlook, it added. Fitch […]
A recent report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO) states that renewable energy employment worldwide reached 12 million in 2020, up from 11.5 million in 2019. According to the report, in spite of the slowdown caused by the covid-19 pandemic, solar and wind jobs continued to grow and accounted for 4 million and 1.25 […]
Union Road Transport and Highways Minister, Nitin Gadkari signed a memorandum of understanding (MoU) between the National Highways Authority and Jawaharlal Nehru Port Trust (JNPT) to set up a multi-modal logistics park and said that the city of Nagpur has the potential of becoming a logistics capital. “The city of Nagpur is a place of zero miles […]
Coal India-led subsidiary, Northern Coalfields Limited (NCL) has dispatched the highest ever coal in a single day last week on 27 August, 2021. NCL’s offtake grew to a whopping 3.87 lakh tonnes. As per the Coal Ministry data, NCL has also sent the highest ever, 38 Coal Rakes of Indian Railway to upcountry coal consumers […]
Mumbai-based Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva – the country’s largest container port – has achieved pre-Covid volumes of cargo between April and July 2021 on increasing export momentum. The port authorities said it aims to sustain pre-Covid levels of cargo volumes, despite continued container shortage. “JNPT has already regained its traffic to pre-Covid levels […]
Adani Ports and Special Economic Zone (APSEZ) reported a 77.04 per cent jump in consolidated net profit to Rs 1,341.69 crore for the first quarter of the current financial year. The country’s largest integrated logistics player had clocked a consolidated net profit of Rs 757.83 crore in the corresponding period a year ago, according to a […]
Emphasizing India’s commitment to expediting its renewable energy initiatives, Prime Minister Narendra Modi announced the launch of the National Hydrogen Mission (NHM) during his national address on India’s 75 Independence Day. He said that his government’s aim is to make India a global hub for the production and export of green hydrogen. Given the increasing […]
Over 10 crore litres of milk has so far been transported by ‘Doodh Duronto’ special trains from Renigunta of Andhra Pradesh to the national capital, the Railway Ministry said. Right from the date of introduction on March 26, 2020, these special trains have been operated by the South Central Railway uninterrupted and to date 2,502 milk tankers were transported […]
Indian Railways in an effort to become an eco-friendly mode of transport has invited bids for its green fuel vertical Indian Railways Organization of Alternate Fuel (IROAF) for Hydrogen Fuel Cell-based Train on the rail network. Under the flagship programs of the Government, ‘Advanced Chemistry Cell (ACC) Batteries’ and ‘National Hydrogen Mission’, the goal of the […]
