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ASSOCIATION OF MULTIMODAL TRANSPORT OPERATORS OF INDIA
Weekly News 09-11.2016—16.12.2016 VOL 4 - ISSUE38/DEC/2016
C/o. CKB, 1st Floor, 20, Raja
Bahadur Mansion, Ambalal Doshi
Marg., Fort, Mumbai - 400 023.
Tel. : +9122 6637 0021
Fax : (91-22) 6637 0022
Email : [email protected]
Editorial Team:
Mr. Xerxes P. Master
Mr. Vivek Kele
Catalysing Multimodalism
www.amtoi.org
Inside this issue:
AMTOI DAY CELEBRA-
TION ON 3RD FEBRUARY 2017
1
India & Bangladesh close to
signing agreement on use of Chittagong & Mongla ports
1
Call for speedy implementa-
tion of Chennai Port-Maduravoyal Dedicated Elevated Corridor project
2
Facilitation for ICD-bound
rail cargo at JN Port 2
Cabinet approves protocol
amending agreement be-tween India & Tajikistan for avoidance of double taxa-
2
Cabinet approves MoU
between India & UK to support Ease of Doing Busi-ness in India
2
Humor 3
AMTOI DAY CELEBRATION ON 3RD FEBRUARY 2017
Centre providing financial assistance to states to develop
port infrastructure
The government proposes to develop non-major/small/
medium ports in order to boost coastal shipping in the coun-
try. Financial support is being provided to Major Ports/non-
major ports/state governments for developing infrastructure
to promote the movement of cargo/passengers by sea/
National Waterways under the Central sector scheme
‘Assistance to Coastal Shipping Berths’. This scheme was merged with the Sagarmala programme in
India & Bangladesh close to signing agreement on use of Chittagong & Mongla ports
India and Bangladesh are expected to sign an agreement on
the use of Chittagong and Mongla ports by India during the
Bangladesh Prime Minister Sheikh Hasina’s official visit to
India likely beginning on December 17, 2016, it is learnt.
During the Prime Minister, Mr Narendra Modi’s visit to
Dhaka in June last, a Memorandum of Understanding (MoU)
was signed between the two countries on the use of the
two ports. Subsequently, Shipping Ministry officials of both countries started preparing drafts of the
agreement and the Standard Operating Procedures (SOP). The final agreement is likely to be inked
during the Bangladesh PM’s visit, reports said.
Page 2
Call for speedy implementation of Chennai Port-Maduravoyal Dedicated Elevated Corridor project
The Tamil Chamber of Commerce has thanked the Tamil Nadu government, led by the Chief
Minister, Mr O. Paneerselvam, for giving permission for the execution of the Chennai Port-
Maduravoyal Dedicated Elevated Corridor project. The Chamber had been pursuing this
matter for some time, representing it at various fora, in the media and to the state and Cen-
tral governments, it stressed in a release. The Chamber communiqué also thanked the Union
Shipping and Road Transport Minister, Mr Nitin Gadkari, and the Minister of State for Ship-
ping and Road Transport, Mr Pon. Radhakrishnan, for successfully following up the matter
with the state government. The project will be beneficial to Chennai Port and also help in the
overall economic development of the state, the Chamber said
Facilitation for ICD-bound rail cargo at JN Port
Cabinet approves protocol amending agreement between India & Tajikistan for avoidance of double taxation
The Union Cabinet, chaired by the Prime Minister, Mr Narendra Modi, has approved the proposal of
the Ministry of Shipping to replace the Major Port Trusts Act, 1963 with the Major Port Trust Authori-
ties Bill, 2016. This will empower the Major Ports to perform with greater efficiency on account of full
autonomy in decision-making and by modernising the institutional structure of the Ports, emphasised a
release. With a view to promote the expansion of port infrastructure and facilitate trade and com-
merce, the proposed Bill aims at decentralising decision-making and infusing professionalism in the gov-
ernance of ports. The new Bill would help in facilitating faster and transparent decision-making, benefit-
ing the stakeholders and improving project execution capability. The Bill is aimed at reorienting the
governance model in Central ports to the landlord port model in line with the successful global prac-
tice. This will also help in bringing transparency in the operation of Major Ports.
The Union Cabinet, chaired by the Prime Minister, has approved the protocol amending the agree-
ment between India and Tajikistan for avoidance of double taxation and the prevention of fiscal eva-
sion with respect to taxes on income.
The protocol, after it enters into force, will enable sharing of information exchanged under the Dou-
ble Taxation Avoidance Agreement (DTAA) with other law enforcement agencies for non-tax pur-
poses, said a release.
Cabinet approves replacing Major Port Trusts Act, 1963 with Major Port Trust Authorities Bill, 2016
The Union Cabinet, chaired by the Prime Minister, Mr Narendra Modi, has approved the proposal of
the Ministry of Shipping to replace the Major Port Trusts Act, 1963 with the Major Port Trust Au-
thorities Bill, 2016. This will empower the Major Ports to perform with greater efficiency on account
of full autonomy in decision-making and by modernising the institutional structure of the Ports, em-
phasised a release.
With a view to promote the expansion of port infrastructure and facilitate trade and commerce, the
proposed Bill aims at decentralising decision-making and infusing professionalism in the governance of
ports. The new Bill would help in facilitating faster and transparent decision-making, benefiting the
stakeholders and improving project execution capability. The Bill is aimed at reorienting the governance model in Central ports to the land-
lord port model in line with the successful global practice. This will also help in bringing transparency in the operation of Major Ports.