05 August 2016 Current Affairs:
Shipping Corporation of India Ltd. has signed the Memorandum of Understanding (MoU) with the Ministry of Shipping for the financial year 2016-17.
The MoU was signed by Shri Rajive Kumar, IAS, Secretary (Shipping) and Capt. B.B. Sinha, Chairman and Managing Director, Shipping Corporation of India Ltd., at New Delhi.
The MOU, which is based on the MOU guidelines 2016-17 issued by the Department of Public
Enterprises (DPE),consists of parameters drawn on the prescribed evaluation criteria and factors such as capacity and its expansion, business environment, projects under implementation have been considered.