Major Port Authorities Bill, 2020 passed by Lok Sabha

Major Port Authorities Bill, 2020 passed by Lok Sabha
Representational Image

NATIONAL | Sept 24, 2020:

Lok Sabha passed the Major Port Authorities Bill, 2020. The Bill seeks to provide for regulation, operation and planning of major ports in the country and provide greater autonomy to these ports. It seeks to replace the Major Port Trusts Act, 1963.

The legislation provides for the creation of a Board of Major Port Authority for each major port. These Boards will replace the existing Port Trusts.

Union Shipping Minister Mansukh Mandaviya while replying after the discussion on the bill said that it will make the major ports in the country more autonomous and provide major thrust in the maritime sector.

He said the bill will help the ports develop world class infrastructure and will also enhance transparency in their functioning.

He stressed that the development of ports will pave way for port led development as envisaged by Prime Minister Narendra Modi.

Allaying apprehensions raised by the opposition when the bill was introduced in the house, Mandaviya informed that the bill will not affect the pension of the retired employees of major ports in any manner.

After passing the Bill, the Lok Sabha has adjourned sine die.

Related Stories

The Northeast Today
thenortheasttoday.com