Monday, March 10, 2025

Creating liberating content

Guatemala’s Volcano of Fire erupted overnight, prompting authorities to evacuate

Check out the companies making headlines in after-hours trading: Delta

Tech billionaire and Department of Government Efficiency (DOGE) head Elon

Police personnel conduct an investigation after two women, including a

Related News

Guatemala’s Volcano of Fire erupted overnight, prompting authorities to evacuate nearly 300 families and issue warnings for an additional 30,000 people at risk. There have been no immediate reports of

Check out the companies making headlines in after-hours trading: Delta Air Lines — Shares of the airline operator slid about 14%. The company dialed back its forecast for the first

Tech billionaire and Department of Government Efficiency (DOGE) head Elon Musk on Monday claimed that X was hit by a “massive cyberattack” originating from the “Ukraine area.” The attack caused

Police personnel conduct an investigation after two women, including a foreign national, were allegedly raped near the Hampi heritage site. KOPPAL: Four days after the attack, one of the two

Traders work on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 futures were relatively unchanged on Monday night after concerns that a recession

White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9,

Trending News

NEW DELHI: Markets regulator Sebi has notified a stricter regulatory framework for small and medium enterprise (SME) IPOs by introducing a profitability requirement and capping a 20% limit on offer-for-sale

MUMBAI: IndusInd Bank said valuation losses in its forex derivative contracts could impact the bank’s net worth by up to 2.4% or around Rs 1,530 crore. The announcement came hours

MUMBAI: Finance ministry has invited applications for the post of chairman of the Insurance Regulatory and Development Authority of India (Irdai), with the position set to fall vacant on March

National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities’ delisting process from stock exchanges.It said the failed to demonstrate any illegality in either the process followed

NEW DELHI: Government on Monday sought Parliamentary approval for additional spending, including a cash outgo of over Rs 51,000 crore, with large chunks going towards fertiliser subsidy and pension. Over

Sun Pharma, India’s largest drugmaker, is acquiring Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million (over Rs 3,000 crore).The acquisition will bolster the company’s specialty portfolio.Checkpoint

Indian Ports Act: Government likely to introduce bill to overhaul 118-yr-old Indian Ports Act, make ports more accountable to Centre

Word Count: 641 | Estimated Reading Time: 4 minutes


Government likely to introduce bill to overhaul 118-yr-old Indian Ports Act, make ports more accountable to Centre

NEW DELHI: To bring sweeping changes in the 118-year-old Indian Ports Act, the govt has proposed that all ports — major and minor — will have to report any incident that threatens pollution of coastal waters and damage to their properties and provide data on trade and commerce.
The Indian Ports Bill, 2025, which has been approved by the cabinet and is likely to be introduced in the second half of Parliament’s budget session, proposes to make 23 violations as criminal offences, including those related to safety and (marine) pollution at ports, oil spills and waste disposal. The bill proposes to have penalties ranging between Rs 10,000 and Rs 2 lakh, and imprisonment in some cases.
Sources said the criminal offences would also include non-payment of port fees and charges, obstruction of port operations, damage to property, violation of safety regulations and unauthorised access to port areas.
The bill also proposes to designate big ports as “major ports”, which can be either major ports owned by the central government or minor ones by private players and state governments.
As per the provisions of the approved Bill, ports must “promptly” report any incident to the central government that threatens or is likely to pose a threat of pollution to the coastal waters. They must also report the particulars of incidents such as property damage, vessels sinking, vessel collision and fire in a manner prescribed by the central government.
The bill proposes to legalise the Maritime States Development Council and mandate states to set up dispute resolution committees.
Officials said the provision of the Centre’s power to direct a port to adopt a mechanism for electronically integrating port-related data with the port community system or any other centralised system will be crucial in the long term and better planning.
As per the bill, a new port will be allowed to start operation only after a due notification by the government.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account