Centre clears Major Ports Authority Bill

Centre clears Major Ports Authority Bill

The Cabinet has given its nod to Major Ports Authority Bill that will replace a 1963 law governing country’s 12 major ports.

From Prelims Point of View:

Background:

• At present:  ports are governed by a ports law of 1963.
• High logistic costs owing to legacy issues including the Tariff Authority for Major Ports (TAMP)’s archaic regulatory grip.

Overview of the Bill:

• The proposed law is aimed at enhancing the overall efficiencies of the ports.
• Now ‘major ports’ will get to determine the tariffs for various port-related services as well as the terms for private developers who team up with them.

• Every port will now be governed by a Port Authority which will have powers to fix reference tariffs for various port services.
• Creation of an adjudicatory board at the apex level for review of port authority’s decisions.
•  It will have the mandate to resolve the disputes between port authorities and the PPP operators.

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 13th February 2020

Src: The Hindu