News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
Concept to be finalised soon for impementation of the Sagar Mala Project

By TIOL News Service

NEW DELHI, OCT 01, 2014: THE government proposes to finalize the Sagar Mala concept soon to implement the project.

In his first address to the Parliament after the new government was formed the President of India on 9th June 2014, enunciating the policies of the new government stressed that the Government would evolve a model of Port-led development by stringing together the Sagar Mala project which would not only connect the ports with the hinterland through road and rail, but also develop the Inland and coastal waterways as a major transport routes.

“Sagar Mala” was an initiative that was announced by the then Prime Minister of India on the Independence Day in 2003 with the objective of achieving rapid capacity expansion and modernization of Ports along India's East and West Coast. The Sagar Mala project envisaged developing India's ports to levels comparable with the best global ports in terms of infrastructure, efficiency and quality of service, increasing the tonnage capacity, upgrading and creating ship building and ship repair facilities and increase the use of inland waterways for transportation.

The Ministry of Shipping being the nodal point for THE Sagar Mala Project, it today held a brain storming session under the chairmanship of Secretary, Shipping Mr Vishwapati Trivedi. 45 stakeholders represented from Ministry of Railways, Surface Transport & Highways, DIPP, Planning Commission, Customs, Major and Minor Ports, State Maritime Boards, ADB and representatives from trade and industry such as CII, FICCI, INSA, and ICCSA participated. The focus of conference was (i) Initiatives to be taken for Port led development (ii) Policy framework to promote coastal Shipping and Inland water transport (iii) Institutional framework for implementation of the Sagarmala project.

A concept note prepared by the Ministry has perceived Sagar Mala as an integrated infrastructure cum policy project to develop the Indian Maritime sector. The concept paper has proposed that the growth of India's maritime sector be achieved by developing Maritime Economic Regions (MER). The draft concept note has suggested that an MER would be a Regional Ports System comprising of a cluster of Major Ports and Non-Major Ports and the development of an MER would involve development of ports, port based SEZs, coastal industrial clusters and other port based industries. The MER envisages that it would be linked with road, inland waterways transport and airport projects to have the best connectivity.

Today's conference also deliberated on an institutional arrangements for implementation of Sagar Mala, such as setting up a Sagar Mala Development Authority which will implement the development plans for the MER in coordination with various developmental agencies of Central and State Governments. It was felt that a legislative framework may be essential to implement the Sagarmala concept.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.