CrackitToday App

Major Ports Authorities Bill, 2020 – Significance | Provisions

Major Ports Authorities Bill – 2020:

The “Major Ports Authorities Bill, 2020” was passed in the Rajya Sabha on February 10, 2020. The bill was passed using the ballot votes.

Significance of the Bill:

  • The Union minister of state for ports, shipping, and waterways, Mansukh Mandaviya, highlighted that the bill will encourage good competition within the major private ports.
  • The bill also boosts port land usage and it will amplify competition in port tariffs.

Provisions of the bill:

  • The bill aims to provide more autonomy in decision-making.
  • It will provide autonomy to the 12 major ports of India, Namely’
  • The bill will also professionalize the governance of the port with the formation of boards.
  • The bill will replace the Major Port Trusts Act, 1963.
  • It comprises of the provisions of creating a Board of Major Port Authority for each major port that in turn will replace the existing Port Trusts.