Dec 5, 2017 - No 'ash content' in Maggi, firm fully compliant with food safety regulator norms: Nestle MD Suresh Narayanan

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Despite the cut in GST for bunker fuel to 5% from earlier 18%, Indian shipping, oil marketing companies and ports will continue to feel the heat, as the fuel price would still be higher by 2-3% compared with Sri Lanka, Dubai and Singapore. Bunker fuel sales have already dropped by 50-60% for oil marketing companies between July and November, experts said. Shipping companies in India that are already under severe stress of economic meltdown of 2008, that took the Baltic Index and the charter rates to drop to an all time low - and never improved after that - see the 5% GST on bunker fuel as the last nail in the coffin.Read On

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