India expands foreign port presence with new consortium
NewsIndia is forming a consortium to acquire and develop foreign ports, with IPGL managing operations, IPRCL handling infrastructure, and SDCL overseeing financing.
IR hikes freight rates
The Indian Railways (IR) budget for 2001-2002, presented by Railway Minister Ms Mamata Bannerjee, has proposed a 2-3 per cent hike in freight rates but failed to incorporate measures to push reforms in the railways. The new rates will be effective April 1.
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