MONEY & BANKING
Nicco team bags NH-4 project
A CONSORTIUM led by Nicco Jaiswal has bagged the deal for building a four-lane highway on the 32 km-long stretch between Nelamangala and Tumkur on NH-4 in Karnataka on a build, operate and transfer (BOT) basis using the direct tolling method.
Import of ships -- Shipping industry pins hope on Sinha to roll back 5% duty
THE spade work has been done by the domestic shipping industry. Even the Union Minister of Shipping, Mr Arun Jaitley, was roped in to espouse their cause with the Union Finance Minister, Mr Yashwant Sinha, on getting the customs duty proposal on import o
f ships dropped.
SER passenger traffic up
THE South Eastern Railway (SER), traditionally the freight carrier of the Indian Railways, during 2000-2001 (up to March 31) carried a record 239.25 million originating passengers, which was 29.23 million more that of last financial year, registering an
increase of 14 per cent. Out of the total originating passengers, the non-suburban passengers' number was 151.28 million, and suburban 87.97 million. SER has thus surpassed the annual target of 151.28 million set by the board for the fiscal under review
by a margin of 9.25 million.
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