India’s finance minister announced a $2.9bn maritime development fund to boost the country’s shipbuilding and repair industry, aiming to become a top 10 shipyard nation by the decade’s end. The government will contribute 49% of the fund, seeking the rest from ports and the private sector, with a focus on attracting Korean and Japanese investments. The revamped Shipbuilding Financial Assistance policy will incentivize Indian owners to scrap old vessels and modernize their fleets.
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More Singapore residents want the government to be more involved in race, religious issues: IPS survey
The Institute of Policy Studies (IPS) survey in Singapore revealed an increase in residents wanting more government involvement in handling racial and religious issues, despite near unanimous agreement on the government's success in improving harmony. The survey, conducted on 4,000 residents, showed a rise in the percentage of respondents seeking government intervention in race and religious matters, while also indicating support for maintaining racial diversity in housing estates and culturally sensitive help for different communities....
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