Which of the following statements is/are correct with reference to the Major Port Authorities Bill, 2020?

A. The new Bill has proposed a simplified composition of the Board of Port Authority which will comprise of 11 to 13 Members from the present 17 to 19 Members representing various interests.

B. Port Authority has now been given powers to fix tariff which will act as a reference tariff for purposes of bidding for PPP projects.

C. Both A & B

D. None of these

Explanation:

Parliament passed the Major Port Authorities Bill, 2020. The Bill is more compact in comparison to the Major Port Trusts Act, 1963 as the number of sections has been reduced to 76 from 134 by eliminating overlapping and obsolete Sections. The new Bill has proposed a simplified composition of the Board of Port Authority which will comprise of 11 to 13 Members from the present 17 to 19 Members representing various interests. Port Authority has now been given powers to fix tariff which will act as a reference tariff for purposes of bidding for PPP projects. PPP operators will be free to fix tariff- based on market conditions.