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Recently, the government has prepared the Draft Indian Ports Bill, 2022 which seeks to repeal and replace the existing Indian Ports Act 1908, which is more than 110 years old, becoming imperative that the Act is revamped to reflect the present-day frameworks. Hence, statement 1 is correct. Major Ports are under the Union list of the Indian Constitution and are administered under the Indian Ports Act 1908 and the Major Port Trust Act, 1963. All the Minor Ports are governed under the Indian Port Act, 1908 and are owned and managed by the State Governments. Hence, statement 2 is not correct. The Union Government has allowed Foreign Direct Investment (FDI) of up to 100% under the automatic route for port and harbour construction and maintenance projects.
According to Union Budget 2023-24, consider the following statements regarding the Income Tax:
1. It is proposed to increase the rebate lim...
Under the MSMED Act, 2006, what is the interest rate that a buyer must pay to an MSME supplier if payment is delayed beyond the agreed date?
The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called:
Bank of ______ has prolonged about Rs 800 crore to ReNew Power, within the first native undertaking financing deal by the lender within the renewable en...
RBI has extended the deadline for NBFCs to adhere to new NPA (Non performing assets) recognition norms to :
Bahamas has been the first economy to launch its nationwide Central Bank Digital Currency (CBDC) named _____.
A manager who utilizes the Achievement-Oriented leadership style will likely _____
The State Bank General Insurance has entered into a strategic partnership with Manipal Business Solutions, the promoter of _____.
Consider the following statements about ‘Bank of International Settlements (BIS)’:
I. Bank of International Settlements (BIS) is basically...
How much interest subvention is provided to farmers for agriculture and allied activities under Kissan Credit Card Scheme who pay their loans promptly?