Govt drafting township policy for leasing land owned by major ports

The Ministry of Ports, Shipping and Waterways is drafting a township policy that will lay down rules for commercial exploitation of land other than those needed for port and related activities at major ports. The move is aimed at raising funds for port development and meeting expenses, including pension fund liabilities, by leasing land owned.

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Trade policy extended by six months to September 30

The government on Wednesday further extended the validity of the current foreign trade policy (FTP), which provides a road map for boosting external commerce in goods and services, by six months through September 30. The latest move will enable exporters to continue to get incentives under a clutch of extant programmes — including the Remission of Duties.

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Government likely to extend current Foreign Trade Policy

The government is expected to further extend the existing foreign trade policy, which is scheduled to lapse from April 1 this year, for few more months, an official said. FTP provides guidelines for enhancing exports to push economic growth and create jobs. On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20.

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Hasina, Modi for regional economic integration thru transit, transhipment

Prime ministers of Bangladesh and India emphasised the need for setting the stage for facilitating regional economic integration for the benefit of all the parties with enhancing numerous connectivity initiatives through rail, road and waterways, according to a joint statement issued on Saturday night on the visit of Indian prime minister Narendra Modi to Bangladesh..

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Seacoast development policy on anvil; 225 projects identified: Mandaviya

A policy is on the anvil for development of seacoast and about 225 projects have been identified under it, Union Minister Mansukh Mandaviya said on Wednesday. The Ports, Shipping and Waterways Minister said there are plans to facilitate development of industry at seacoast with the help of private players. “We are making a policy –.

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Connectivity projects must follow international norms, rule of law and openness: MEA official

All connectivity initiatives in the region must follow universally recognised international norms, rule of law, openness, transparency and equality, a senior official in the Ministry of External Affairs (MEA) said on Thursday. The comments by Riva Ganguly Das, Secretary (East) in the MEA, came against the backdrop of growing global suspicion over China”s opaqueness in.

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Connectivity is an important element of Act East Policy: Jitendra Singh

Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), Dr Jitendra Singh said that Connectivity is an important element of Act East Policy. In a written reply to a question in the Lok Sabha today, he said, efforts in this direction include Agartala-Akhaura Rail Link between India and Bangladesh, Intermodal transport linkages and inland.

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