Major ports authorities bill 2020, Play by William Shakespeare

Union Shipping Minister Mansukh Mandaviya said on Wednesday said that Major Ports Authorities Bill 2020, which has been passed from both the Houses of Parliament, will encourage good competition between major and private ports."Major Ports Authorities Bill will encourage good competition between major and private ports. It will boost port land usage and amplify competition in port tariffs. India's major ports will be able to survive while competing with non-major and private ports," Mandaviya told .While presenting the Bill in Rajya Sabha, the Minister said that the bill was not intended towards privatising major ports. "It would rather boost their decision-making powers so that they can compete with world-class ports," he said.The bill was passed in the Rajya Sabha on Wednesday. The Lok Sabha had cleared it in September last year. It seeks to repeal the Major Port Trusts Act, 1963 and replace it with the new legislation.The Major Port Authorities Bill, 2020 seeks to provide for the regulation, operation and planning of major ports in India and to vest the administration, control and management of such ports upon the boards of Major Port Authorities.The bill seeks to constitute an Adjudicatory Board for adjudication of disputes among major ports, public-private partnership concessionaires and captive users.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Major Ports Authorities Bill 2020FOLLOW

Major ports authorities bill 2020, Latest News

National :Urdu Bulletin: PM Modi's reply in Parliament, Priyanka Gandhi's Kisan Mahapanchayat visit displayed prominently

Various Urdu publications in their Thursday editions have focused on the comments made by Prime Minister Narendra Modi in his reply to the debate in the Lok Sabha on the motion of thanks on the President's address. ...

National :Major Ports Authorities Bill 2020 would encourage good competition: Union Shipping Minister

Union Shipping Minister Mansukh Mandaviya said on Wednesday said that Major Ports Authorities Bill 2020, which has been passed from both the Houses of Parliament, will encourage good competition between major and private ports. ...