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Major Port Authorities Act to Decentralise Decision-Making

Major Port Authorities Act to Decentralise Decision-Making

The Major Port Authorities Act, 2020, is aimed at decentralising decision-making and infusing professionalism in the governance of 13 major ports. The act seeks to impart faster and transparent decision-making to benefit stakeholders and improve project execution capabilities by reorienting the governance model in central ports to the landlord port model in line with the...

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Areef  Patel, Vice-Chairman, Patel Integrated Logistics Ltd

Areef Patel, Vice-Chairman, Patel Integrated Logistics Ltd

The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.

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The Union Budget has a progressive outlook

The Union Budget has a progressive outlook

The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.

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2017 | A riddle, wrapped in a mystery, inside an enigma

2017 | A riddle, wrapped in a mystery, inside an enigma

Every new year brings with it a new glimmer of hope, new growth opportunities for our economy, new possibilities of jobs, and positive expectations in the minds of everybody. But rarely does a new year bring with it so much suspense, so much enigma and therefore, so many imponderables, as it is doing in the year 2017.