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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

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

Src: The Hindu

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