The Hindu Business Line : Friday, September 27, 2002

Two US airlines scrap IATA commission
This move by the two US carriers, though at present only for travel within the US, would have far-reaching effects on the global travel retail business in light of the failure of talks between the airlines and travel agent associations earlier this y ear, senior travel trade sources said. More

SHIPPING

Finer details of SCI sell-off discussed
THE Government on Thursday moved a step closer towards freezing the transaction documents for the strategic sale of 51 per cent stake in Shipping Corporation of India (SCI) with the inter-ministerial group on disinvestment discussing several ... More

Shipbuilding subsidy policy for 5 more years
THE Union Government has decided to continue with the shipbuilding subsidy policy for domestic yards for a further period of five years with certain modifications. The existing policy expired in August. A proposal piloted by the Ministry of ... More

Handling third-party cargoes — Oil cos told to conform to JN port norms
THE move by the new BPCL-IOC captive jetty to handle Reliance and other third-party cargoes at Jawaharlal Nehru Port without sharing revenue with the port has been stalled. The port has told the oil companies that they will have to fulfil certain ... More

Chennai Port restrained from stocking coal
In its order, Bench said that the Port Trust was `found to be the culprit' of depositing coal dust in the entire High Court complex. More

SUPPLY CHAIN MANAGEMENT

FedEx realigns biz model; targets high-value exports
FEDERAL Express Corporation (FedEx) has realigned its business model in the Indian sub-continent, following increase in capacity and acquisition of new local associates. Mr Jacques Creeten, Managing Director, sub-continent, FedEx, said that ... More

FedEx plans to expand services with Europe
FEDERAL Express Corporation has announced plans to strengthen its service offering between Europe and Asia Pacific improving connectivity for businesses that operate between the two regions. According to a press release, a west-bound flight ... More

RAILWAYS

59-day bonus for railway staff
THE Ministry of Railways has announced the payment of productivity-linked bonus equivalent to 59 days wages for the fiscal year 2001-02. This, according to an official press release here, is the highest productivity-linked bonus announced ever ... More

Railways goods movement 2.9 mt higher in August
THE Railways has transported 40.88 million tonnes of revenue-earning goods during August this year. This was 0.78 million tonnes more than the target set for the month and 2.9 million tonnes more than the goods transported in the same month in ... More

ROADWAYS

AIMTC to go on strike from Nov 15
THE All-India Motor Transport Congress (AIMTC) will suspend operations indefinitely from the midnight of November 15 till the issues raised by them are resolved. The AIMTC Secretary-General, Mr J.M. Saxena, said in a statement here on Thursday ... More

Naidu pulls up Transport Dept
THE perception regarding corruption in the State Transport Department should be taken seriously and urgent steps initiated to change it, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu said here on Thursday. "Whatever the department ... More

Ships in Ports

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Looking back
Sep. 15-Sep. 21
`Airports privatisation awaiting Cabinet nod'

Modified subsidy policy to cover private shipyards

Golden Quadrilateral Phase-I to be completed next year