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Ports bill to help develop faster decision-making process: Essar Ports
The Major Ports Authorities Bill passed by Parliament on Wednesday will help develop a faster and transparent decision making process besides enabling these ports to compete in the evolving market environment, Essar Ports has said.
Earlier in the day, the Upper House of Parliament passed the Major Ports Authority Bill, 2020,that seeks to provide greater autonomy in decision-making to 12 major ports in the country and professionalise their governance by setting up boards.
The Lok Sabha had passed the bill on September 23, 2020.
The bill aims to provide for regulation, operation and planning of major ports in India and to vest the administration, control and management of such ports upon the boards of major port authorities and for matters connected therewith or incidental thereto, be taken into consideration.
The Rajya Sabha clocked 99 per cent productivity during the two-week long first part of the dual phase Budget session of Parliament, Chairman M Venkaiah Naidu said Friday. The House broke for a three-week recess on Friday after Finance Minister Nirmala Sitharaman s reply to a discussion on the budget for the fiscal year beginning April 1. The recess will allow parliamentary committees to examine the budget allocation for various ministries.
Parliament will now meet on March 8 for the second part of the Budget session. I am happy to inform you that this part of the session has been quite productive with the House clocking 99 per cent productivity, Naidu said before adjourning the proceedings till March 8.