ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Shipping Ministry invites feedback on revised draft Indian Ports Bill

Additionally, the Maritime State Development Council will ensure cooperative federalism where the Centre and state/UT governments will work together towards preparing a progressive road map for the country, it added

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Shipping Ministry invites feedback on revised draft Indian Ports Bill
The redundant provisions of the Act have been deleted or replaced with contemporaneous provisions, as per the statement. Source: Ministry of Shipping/Twitter

The shipping ministry on Thursday sought stakeholders' feedback on the revised draft of the Indian Ports Bill, which aims to promote ease of doing business by eliminating unnecessary delays and defining responsibilities.

The Bill also seeks to homogenise and streamline the development of the maritime sector.

The proposed Bill will incorporate State Maritime Boards in the national framework, the Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement.

Additionally, the Maritime State Development Council will ensure cooperative federalism where the Centre and state/UT governments will work together towards preparing a progressive road map for the country, it added.

The redundant provisions of the Act have been deleted or replaced with contemporaneous provisions, as per the statement.

Further, existing penalties in the Act which are outdated have been updated concerning amounts and offences relevant to present-day scenarios, it noted.

Three earlier versions of the Bill were circulated by the ministry to various stakeholders, including major ports, states governments, state maritime Boards and various central government ministries, the statement said, adding that the draft IP Bill, 2022, has been formulated keeping in view all remarks that have been received.

As per the statement, the proposed Bill has been prepared to consolidate and amend the laws relating to ports, for the prevention and containment of pollution at ports, to ensure compliance with the country's obligation under the maritime treaties and international instruments to which India is a party.

It also aims to address lacunae in the dispute resolution framework required for the burgeoning ports sector.

The Indian Ports Act, 1908, is more than 110 years old. It has become imperative that the Act is revamped to reflect the present-day frameworks, incorporate India's international obligations, and address emerging environmental concerns.

According to the statement, the primary objectives of the proposed bill include promoting integrated planning between states inter-se and Centre-states through a purely consultative and recommendatory framework and usher in transparency and cooperation in the development and other aspects through the use of data.

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said that this bill will help in instilling confidence among more players thereby increasing their participation and promoting healthy competition in the maritime sector.

He said this will lead to increased economic activity, wider markets, and a significant increase in associated employment possibilities.

India has a 7,500 km long coastline, 14,500 km of potentially navigable waterways and a strategic location on key international maritime trade routes.

About 95 per cent of India's trade by volume and 65 per cent by value is done through maritime transport facilitated by ports.

The ministry invited comments from stakeholders till August 30, 2022.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Ministry of Shipping
Written By: PTI
Updated: Thu, Aug 18, 2022
10:04 pm
New Delhi, PTI
RELATED NEWS
Contingency plan, SOP in place to safegurad interest of Indian crew on ships: Govt Contingency plan, SOP in place to safegurad interest of Indian crew on ships: Govt
Govt approves over Rs 500 crore for development of Sagar Port project in West Bengal Govt approves over Rs 500 crore for development of Sagar Port project in West Bengal
9 initiatives taken to improve 'ease of doing business' at Indian ports 9 initiatives taken to improve 'ease of doing business' at Indian ports

LATEST NEWS

New Parliament Building Inauguration: BJP slams RJD for 'coffin' dig at new building

IPL 2023 Final Match Live Streaming: When and where to watch Chennai Super Kings Vs Gujarat Titans match

F-16s to Ukraine would be 'unacceptable escalation', warns Russia

Union government trying to ruin development of Kerala, says CM

Hi-Tech Pipes Q4 net profit grows 42% to Rs 16 crore

New Parliament building starting point of India's journey towards excellence: Amit Shah

PM Modi to flag off North East's first Vande Bharat Express in Guwahati tomorrow

Zypp Electric to deploy 2 lakh vehicles in its fleet in next three years, invest USD 300 million for expansion

Indian-American named dean of top B-school in South Carolina

'Self-glorifying authoritarian' PM inaugurates new Parliament building: Congress

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV