Visakhapatnam Port Authority Terminates Contract for Non-Compliance

31 Dec 2024 CW Team

The Visakhapatnam Port Authority has terminated a contract awarded to AVR Infra Pvt Ltd, part of IMC Ltd, for the Eastern Quay Beth-10 (EQ-10) berth due to failure to meet the minimum guaranteed throughput (MGT) obligations. The contract, signed in 2010, required AVR Infra to handle 400,000 tonnes annually, but it failed to comply for six consecutive years.

Although AVR Infra received reprieve during COVID under force majeure, the port authority issued a termination notice, which will take effect by January 18, 2025, after an extended notice period.

Infrastructure Urban

02 Jun 2026

Government Notifies Two SEZs in Puducherry

The Government has notified two new Special Economic Zones in the Union Territory of Puducherry following approval by the Board of Approval for SEZs under the Department of Commerce at its one hundred and thirty-seventh meeting on 27 February 2026. The approvals are presented as part of a drive to strengthen the country’s industrial base, expand exports and deepen self-reliance in strategic sectors. Authorities described the decisions as milestones for Puducherry’s industrial and export-led growth strategy and as measures expected to expand opportunities for investment, manufacturing and h..

Canada India Launches Trade And Investment Forum

Canadian and Indian ministers met to reaffirm their shared commitment to strengthening bilateral trade and investment ties and to deliver tangible outcomes that support economic growth and increased commercial opportunities for businesses in both countries. The Indian minister welcomed the delegation noted as the largest Indian delegation ever sent anywhere in the world and highlighted opportunities to deepen cooperation across complementary sectors such as clean energy, critical minerals, agri-food, advanced manufacturing, digital technologies and skills development. Both ministers reiterated..

MCA Expands CSR Scope To Include Zero Coupon Zero Principal Instrument

The Ministry of Corporate Affairs (MCA) has widened the ambit of Schedule VII of the Companies Act, 2013, by introducing a new item, number xiii, to permit subscription to zero-coupon zero-principal instruments on the Social Stock Exchange. The amendment, notified on 27 May 2026 through Gazette Notification nos. G.S.R. 415(E) and G.S.R. 416(E) seek to facilitate corporate social responsibility implementation through a regulated market mechanism. The development was presented as aligned with the government vision of Viksit Bharat. The changes introduce definitions of Not-for-Profit Organisation..