Indian ports bill finally approved
A significantly delayed ports bill that aims to improve efficiency amongst India’s ports has finally been approved by the Indian government.
The Major Ports Authority Bill, which until now had been pending since 2016, was approved by the Union Cabinet at a meeting chaired by Prime Minister Narendra Modi. The bill will be introduced in the ongoing session of Parliament and replaces the existing regulations under the 1963 Major Port Trusts Act
The Major Port Authorities Bill aims to improve the efficiency of India’s 12 major ports by enabling decision-making autonomy. The draft bill was approved in 2016, but India’s lower House of Parliament had not passed it.
Under the 1963 Major Port Trusts Act, large ports are overseen by central-government appointed trustees subject to orders from the Ministry of Shipping, plus tariff regulations. However, over 200 private minor and intermediate ports are administrated by state governments, meaning they do not follow the same tariff regulations and therefore have a business advantage.
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