logo
Union Ports Secretary visits DCIL

Union Ports Secretary visits DCIL

The Hindu12-05-2025
Union Ministry of Ports, Shipping and Waterways Secretary T.K. Ramachandran on Monday visited the Dredging Corporation of India Limited (DCIL) headquarters in Visakhapatnam.
Mr. Ramachandran conducted a comprehensive review of DCIL's overall performance and interacted with the senior leadership team. He emphasised upon the need for the corporation to focus on strategic initiatives aimed at enhancing productivity and competitiveness in the current market environment. He lauded DCIL's vital contribution to maintaining navigational channels across the country through its dredging operations.
DCIL Chairman Madhaiyan Angamuthu briefed the Secretary on the corporation's ongoing strategic initiatives and its pivotal role in supporting maritime trade by ensuring navigability at major Indian ports. While, Managing Director and CEO Durgesh Kumar Dubey provided an overview of the ongoing projects and financial performance.
The Secretary also visited the DCIL museum.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway
Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway

Hindustan Times

time9 minutes ago

  • Hindustan Times

Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway

Gurugram-based Landmark Group will invest nearly ₹400 crore in its low-density luxury housing project 'Landmark SKYVUE' at Sector 103 on Dwarka Expressway, the company said on August 20. Landmark's Group chairman Sandeep Chillar (second from left) said that the new project, located in Gurugram's Dwarka Expressway, is spread across 4 acres and will feature just 240 apartments. Spread across 4 acres, the project will feature just 240 apartments and has a revenue potential of around ₹1,200 crore. Scheduled for delivery in four years, SKYVUE has been launched at ₹17,500 per sq ft, with apartments priced between ₹4.99 crore and ₹6.78 crore, the company said. 'We will invest ₹400 crore in the construction of our new project 'Landmark SKYVUE',' Landmark Group chairman Sandeep Chillar told reporters. 'It is a low-density development with 60 apartments per acre compared to the conventional 90–100.' He said the company has owned the land parcel since 2009 and has already cleared all approval charges with the government. He said the demand in the Gurugram market remains strong, driven by new infrastructure developments, including the opening of the Dwarka Expressway. The project forms part of an 11-acre land parcel, with Phase I delivered in 2013 and Phase III planned for FY2026. Phase II, spread across 4 acres, will offer 240 three-side-open residences in 3BHK + utility and 4.5BHK + utility formats. The towers will rise 40 floors above a three-level podium that will house retail, a 1-lakh sq ft club, and wellness facilities. The project will also feature a rooftop observatory. Also Read: Gurugram's affordable housing projects face residents' ire as missing 24-metre road becomes symbol of deeper crisis 'Our aim is to craft a community that combines design but doesn't compromise on comfort. We aim to put special emphasis on the modern-day needs of Indian families, including digitally forward amenity zones, skypad pickleball court, Japanese restaurant 'Sora', and a wellness-oriented club called 'Skydome' offering a meditation zone, plunge pool, and USFDA, CE, and ISO approved cryotherapy,' he said. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Also Read: Is Gurugram's luxury real estate boom sustainable? Experts weigh in on price and demand trends The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. It has other projects in its pipeline for FY2025-26, including the largest single tower commercial project measuring 2.2 million sq. ft. on Golf Course Extension Road, a high street retail project, and a large mixed-use project, both situated on Dwarka Expressway.

Aadhaar to be used for Starlink KYC, says UIDAI
Aadhaar to be used for Starlink KYC, says UIDAI

The Hindu

time10 minutes ago

  • The Hindu

Aadhaar to be used for Starlink KYC, says UIDAI

SpaceX's satellite internet service Starlink will use Aadhaar to validate Indian users under Know-Your-Customer (KYC) rules, the Unique Identification Authority of India (UIDAI) announced on Wednesday. The Elon Musk-owned service has already obtained orbital slot appointments and a Global Mobile Personal Communications by Satellite (GMPCS) authorisation from the Department of Telecommunications (DoT), but is yet to roll out. Parnil Urdhwareshe, Director at Starlink India, was with UIDAI CEO Bhuwnesh Kumar, where Starlink officially registered as a Sub-Authentication User Agency and Sub-eKYC user agency, allowing it to accept Aadhaar details from customers for the purpose of authenticating them. 'The use of Aadhaar authentication by a global satellite internet provider demonstrates the scalability and reliability of India's digital infrastructure,' UIDAI said in a statement. 'Aadhaar e-KYC will facilitate the onboarding of users seamlessly, ensuring compliance with regulatory requirements while delivering high-speed internet to households, businesses, and institutions.' Starlink has not started operations, even as its services have become available in recent weeks in Nepal, Bangladesh and Sri Lanka. The DoT is yet to administratively allot spectrum to the firm, and it is also likely working on compliance with security conditions imposed on GMPCS authorisation holders shortly before it received approval.

'Uncertainty in external demand remains major drag on growth': Malhotra
'Uncertainty in external demand remains major drag on growth': Malhotra

The Hindu

time10 minutes ago

  • The Hindu

'Uncertainty in external demand remains major drag on growth': Malhotra

The adverse impact of the tariff and geopolitical uncertainty on demand remained a major concern at the last the Monetary Policy Commitee (MPC) meeting, the minutes of which was released on Wednesday (August 20, 2025) indicate. 'Uncertainty in external demand, driven by tariff and geopolitical uncertainty remains the major drag on growth as it also hinders private investment intentions, which is yet to show visible signs of improvement' stated Sanjay Malhotra Reserve Bank of India (RBI) Governor and chairman of the MPC in the minutes. Stating that high-frequency indicators project buoyant rural economic activity as well as consumption and sluggishness in urban spending, he observed that during the remaining part of the financial year, growth would likely to receive support from both favourable supply-side factors as well as a supportive policy environment. 'Monsoon has progressed well, sowing has been satisfactory, and reservoir levels are comfortable, all of which augur well for farm output and rural demand,' he emphasised. 'Urban demand is likely to pick up during the festive season, especially in a period of benign inflation. Services sector activity is also likely to remain strong, as evident from forward-looking assessments from surveys, he added. MPC external member Nagesh Kumar in his statement stated, 'The economic growth outlook remains challenging.' 'The private investment sentiment is adversely affected by the trade policy uncertainties. While the signing of the U.K.-India FTA is an important positive development, the U.S. announcement of 25% tariffs on India is causing a lot of anxiety about the economic outlook,' he observed. 'The preliminary calculations suggest that these tariffs may hurt the growth rate in the current year by 20 to 30 basis points but given the fact that the U.S. is a major market for India's exports of labour-intensive goods such as textiles and garments, leather goods, gems and jewellery, shrimp among other food products, the threat of job losses is more serious,' he said in his statement. Stating that the uncertainty was affecting the investment climate, he said that going forward, diversification of markets for goods would be important. 'In that context, the negotiations of the India-EU FTA need to be expedited and the FTAs or the comprehensive economic partnership agreements with Japan and the Republic of Korea need to be reviewed to make them more effective, especially for the export of labour-intensive goods,' he mentioned. 'Tapping the domestic market fully for the finished consumer goods by reducing the dependence on imports would also be helpful. Enhancing the domestic value addition in consumer goods exports through building the globally known Indian brands and supply chains, including through overseas direct investments (ODI) and acquisitions of foreign retail chains, would also be important,' Dr Kumar pointed out. External MPC member Prof. Ram Singh also voices similar concerns in his statement. 'Prospects on the exports front are highly uncertain amidst ever-changing tariff announcements and protracted trade negotiations. The headwinds emanating from a fluid geopolitical scenario, heightened global uncertainties, and volatility in international financial markets pose serious risks to the domestic growth outlook.' 'U.S. tariffs have already put Indian exporters at a disadvantage. Signs of distress in growth and employment for MSMEs are visible in sectors reliant upon the US market, such as diamond and jewellery, textile and apparel, and fisheries,' he highlighted.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store