Saravanan's Blog

Source: http://www.portwings.in/articlesinterviews/sravan-shipping-on-expansion-mode-plans-2-more-cfss-in-ap/ Port Wings News Network: Mr. G.Sambasiva Rao, Managing Director, Sravan Shipping Services Pvt Ltd, Given the consistent growth in port-related business in the region, we are planning to develop two more container freight stations (CFSs) in Andhra Pradesh in next two years, Mr. G.Sambasiva Rao, Managing Director, Sravan Shipping Services Pvt Ltd, has said. In an exclusive interview to Port Wings, Mr Sambasiva Rao said, “The business potential will double after the completion of second CFS near Gangavaram Port in the near future, a reality by the end of 2015. Krishnapatnam CFS is the third making inroads by the first half of 2017.” “I am very optimistic about achieving this goal. With additional CFSs and Logistics space coming up, we will provide the much needed back up support infrastructure,” he added. Excerpts… Q. Tell us about the  Sravan Shipping Ser...

Source:  http://www.portwings.in/editorial/welcome-move-but-ensure-proper-spending-on-tracks/ The decision by the Life Insurance Corporation of India to invest about 1.5 lakh crore in Indian Railways is a welcome move indeed. Even though the LIC has been investing in public-sector firms for the past several years, the latest decision committing a whopping 1.5 lakh crores for the growth of Indian Railways, another public sector transport institution linking every nook and corner of the country and ferrying huge quantity of freight and lakhs of passengers every day, has once again proved that LIC is the most dependable automated teller machine for the government. It is worth recalling here that LIC manages assets worth Rs 13 lakh crore which is equal to 15% of India's gross domestic product of Rs 85 lakh crore. Its investment in government-owned companies as on May 2012 was about Rs 1 lakh crore. This is the first time that LIC has unveiled its intention to invest such a hu...

Source: http://www.portwings.in/editorial/budget-disappoints-middle-class-shipping-sector/ Port Wings Editorial, March 04, 2015: In the build up to Narendra Modi-led BJP Government’s first full-year Budget, senior ministers of the government were telling in every available forum that the new government would accommodate all the concerns of citizens and take care all the aspects before finalizing the Budget. However, the outcome in the Budget clearly demonstrated that it is pro-corporates and failed to provide even the basic demand of middle class (mostly salaried class) of increasing IT slab. Besides, the proposed 2 % increase in Service Tax would not only eat into the middle classes’ aspirations to enjoy in luxurious hotels using their savings, but also scuttle their future plans. Though Finance Minister Arun Jaitley had said that he is not in favour of burdening the salaried and middle class with more taxes, the very no show to middle class in the budget will ha...