Economics 2021: Expected Topics & Questions for UPSC Prelims| Bad Bank, Shadow Entrepreneur

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Major Port Authorities Bill, 2020
The Major Port Authorities Bill, 2020 has been passed by the Parliament recently. This bill would provide greater autonomy in decision-making to 12 major ports in India.
This bill further seeks to replace the Major Port Trusts Act, 1963.
12 Major Ports in India
 Deendayal (erstwhile Kandla)
 Mumbai
 JNPT
 Marmugao
 New Mangalore
 Cochin
 Chennai
 Kamarajar (earlier Ennore)
 Visakhapatnam
 Paradip
 V O Chidambaranar
 Kolkata including Haldia
About
 This bill provides for the creation of a Board of Major Port Authority for each major port.
 The existing Port Trusts would be replaced by the bill.
 This bill allows the Board to use its property, assets and funds for the development of the major port.
 The bill would also have the powers to fix reference tariffs for various port services.
 Inclusion of representatives of State Government, Ministry of Railways, Department of Revenue as Board Members, Ministry of Defence and Customs.
 To fix tariff based on market conditions, PPP (Public Private Partnership) operators would be free.
 Introduction of provisions of Corporate Social Responsibility (CSR) & development of infrastructure by authority.
1963 Act
 The respective Board of Port Trusts manage all major ports under the 1963 Act.
 Board of Port Trusts have members appointed by the central government.
Aims
 Decentralization
 Decision Making
 Reorienting Models
 Trade and Commerce
Adjudicatory Board
 To carry out the residual function of the erstwhile TAMP (Tariff Authority for Major Ports).

Major Port Authorities Bill, 2020
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