Sunday January 19, 2020
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Union Cabinet approves decentralization of existing chartering arrangements

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Photo Credit: www.livemint.com

New Delhi: The union cabinet on Wednesday gave its approval to the proposal of the shipping ministry for decentralizing existing chartering arrangements to provide flexibility to state government departments and public sector undertakings (PSUs) to make their own shipping arrangements for ocean transportation of cargo.

Photo Credit: http://www.indiamaritime.in
Photo Credit: http://www.indiamaritime.in

Official sources said the measure was aimed at helping various departments and PSUs in taking quick decisions to efficiently manage their cargo supply and logistic chain operations and add to their competitiveness.

The sources said the central government departments under them can make their own shipping arrangements of bulk cargo, both dry and liquid. This will be subject to their following the present government policy including right of first refusal to Indian ships.

The move of enabling direct chartering arrangements will not only give flexibility to government departments and PSUs to make tailor made solutions for cargo operations in a dynamic global shipping market but will also promote Indian tonnage, the sources said.

(IANS)

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I Fall in Love with India Every Time I Return Here: Amazon CEO Jeff Bezos

On Friday, Goyal clarified that government welcomes all kinds of investments into the country which are within the ambit of the law

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amazon, jeff bezos
Amazon.in arrived in India on June 5, 2013 and for world's top billionaire Jeff Bezos, has transformed the way the country buys and sells. VOA

Amazon Founder and CEO Jeff Bezos on Friday posted a note on the company’s e-commerce website Amazon India, saying “he falls in love with India every time he returns here”, a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

“I fall in love with India every time I return here. The boundless energy, innovation and grit of the Indian people always inspire me,” Bezos wrote in the letter while mentioning Amazon’s investment in the Indian economy and that the firm is aiming to create 10 lakh new jobs by 2025.

Bezos, in the letter, added that more than 550,000 small and medium businesses (SMBs) in India are using Amazon as a platform to offer millions of products.

The new expected jobs are on top of the 700,000 jobs Amazon has already created in the country since 2013.

Amazon, drones
In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington. VOA

On Thursday, Goyal not only ticked off Bezos saying that they are not doing India a favour by investing a billion dollars, but also raised concerns if its losses were a result of predatory pricing and if Amazon and Flipkart were gaining entry into multi-brand retail by using loopholes.

Also Read: Tech Giant Apple Solves Location Privacy Issue with iPhone 11 in 2nd iOS 13.3.1 Beta

On Friday, Goyal clarified that government welcomes all kinds of investments into the country which are within the ambit of the law.

“We welcome all kinds of investments that follow the letter and spirit of the law. If some investment is outside the legal purview, appropriate action will be taken,” he told reporters. (IANS)