Business Standard

Sunday, December 22, 2024 | 12:19 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Major Ports Bill runs a tight ship

Regulatory parity with non-major ports still missing; focus on landlord model of development

Ports,
Premium

Ports,

Jyoti Mukul New Delhi
The 12 major ports in India will soon be governed by a new law that’s less cumbersome than the current governing legislation. The Major Ports Authority Bill, 2016, has 65 sections, compared to 134 in the existing Major Port Trusts Act, 1963. The Union Cabinet approved the Bill on December 14 and it was tabled in the Lok Sabha two days later as a money Bill. 

Since the NDA government has not been able to corporatise 11 ports that currently run on the trust model because of political and employee resistance, the effort now is to bring in functional changes

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in