India's major ports registered a 4.3 per cent rise in cargo handling to 855 million tonnes in 2024-25, an official statement said on Tuesday. The increase in traffic was driven by higher container throughput (10 per cent), fertiliser cargo handling (13 per cent), POL cargo handling (3 per cent), and handling of miscellaneous commodities (31 per cent) compared to the previous fiscal year, according to the statement.
India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
The fire broke out in an area near the Visakhapatnam Container Terminal and an Indian Oil Corporation facility where fishing boats were anchored.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
The accident occurred around 11.25 am at Visakhapatnam Port Trust's Single Point Mooring Terminal, where crude and oil supplies are handled.
Shipping Corporation of India's oil tanker, MT Desh Shanti, which was detained in Iran for 26 days, arrived at Visakhapatnam port in the early hours on Wednesday, sources said.
No casualties were reported.
Admiral S M Nanda on India stood up to America during the 1971 war.
The power house, commissioned in 1983, has an installed capacity of 25 megawatts and generates half a million units of power every day. The damage to the power station due to the Maoist blast is being assessed.
Preparations are underway in Visakhapatnam for the third T20 cricket match between India and Sri Lanka on February 14 and tickets will be sold to spectators from February 11.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Parallel to this, the ruling Telugu Desam has been organising rallies across the state in solidarity with its MPs.
Chief Minister N Kiran Kumar Reddy on Monday relieved two of his secretaries of their duties in the Chief Minister's Office as part of a reshuffle of nearly a dozen Indian Administrative Service officers in the state.
Naxal violence in Orissa has also put several investment proposals in jeopardy.
Within the SAARC framework, says Rajeev Sharma, Nepal's strategic importance cannot be overestimated as Nepal is a key member of the sub-SAARC group India has created to bypass Pakistan.
While some states like Kerala and Telangana were badly hit by the strike, the impact was partial in Punjab, Haryana and Maharashtra
China's slowing means commodity markets are no longer overheated.
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