Union Steel Minister Chaudhary Birender Singh today called for coastal shipping of steel products to boost growth of the sector.

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The minister flagged of the first consignment of coastal shipping by Rastriya Ispat Nigam, the corporate entity of Visakhapatnam Steel Plant at the port here.

Singh described coastal shipping as 'cheap, energy efficient and eco-friendly' mode of transport.

He said logistics cost can be reduced drastically and the steel industry can be made more competitive by coastal shipping.

"We have the capacity to become a major steel exporter," he added.

Tata Trusts to help Maha link up state-run medical colleges for cancer care

Mumbai: Maharashtra has linked up its state-run medical colleges to provide access to expert opinion to cancer patients from remote areas with multi-disciplinary panel of cancer experts from across the country.

For this, Maharashtra government, National Cancer Grid, Tata Memorial Centre, the Department of Atomic Energy and Tata Trusts today organised the state's first Virtual Tumour Board (VTB) meeting, a Tata Trusts release said.

"I would like to thank Tata Trusts, Tata Memorial Center and the National Cancer Grid for this initiative.

Through these colleges and the virtual tumour board, people in the remote areas of our state can now get an accurate diagnosis, proper and affordable treatment," Maharashtra Minister of Medical Education Girish Mahajan said.

Centrum Group gets microfinance licence

Mumbai: Financial services player Centrum Group has said the Reserve Bank has allowed it to start a microfinance operations, under the brand name of Centrum Microcredit, which will be a step-down subsidiary of Centrum Capital.

The licence comes after Centrum agreed to acquire the microfinance business of FirstRand Bank India, which has around 70,000 customers in Maharashtra and 300 employees.

Centrum, till recently a largely fee based business, moved into the lending space last year by commencing operations in housing and SME finance.

 

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