New rate policy for major ports

The MoPSW has issued the tariff policy to be followed by the Major Port Authorities while setting rates for services rendered by them. This development comes in view of the need for a tariff policy after the 11 major ports were converted into “authorities” under a new law which gave them fr­ee­dom to fix rates without the approval of a rate regulator. The Tariff Po­licy, 2021 is largely based on the guidelines issued by the government in 2018, and was followed by the Tariff Authority for Major Ports while setting rates for services rendered by the erstwhile major port trusts.