Winners of 'Cyber Security Grand Challenge 2.0' bag total prize pool of Rs. 6.85 Cr (See 'Corp Brief') MSME Ministry upgrades National Small Industries Corporation to ‘Schedule A' CPSE (See 'Corp Brief') A&C - Liability to pay interest on a decretal amount ceases to run from date funds are made unconditionally available for withdrawal by Decree Holder: HC (See 'Legal Desk') NMDC R&D Centre Partners with IIT Hyderabad for Advanced Mining Research (See 'Corp Brief') Gulmarg to become Global Hub for Winter Sports: Mandaviya (See 'Corp Brief') Misc - CA, who holds position of trust, is guilty of misconduct if he conspire to manipulate public issue by using ante-dated financial instruments to facilitate irregular share allotments for personal benefit: HC (See 'Legal Desk') PM GatiShakti Group evaluates key Infrastructure projects (See 'Corp Brief') IBC - Waiver of rights under contract such as debenture trust deed cannot be implied if agreement explicitly requires such waiver to be in writing: SC (See 'Legal Desk') IBC - Manner in which bank classifies loan as non-performing asset for accounting or provisioning purposes does not determine IBC, if debt was restructured and acknowledged in fresh agreements: SC (See 'Legal Desk') IBC - corporate restructuring under IBC must be prioritized over stalled and ineffective proceedings under Companies Act to protect public funds and larger economic interest: SC (See 'Legal Desk') IBC - NCLT can't Reject Sec 7 application citing corporate debtor's financial health, once twin requirements of debt & default are established: SC LB (See 'Legal Desk') Misc - civil suit cannot be rejected at threshold under Order VII Rule 11 of CPC merely because it contains ground of coercion, undue influence or misrepresentation: SC (See 'Legal Desk') NI Act - Sec 138 of Negotiable Instruments Act pertaining to cheque dishonor apply only when payment fails because of lack of funds: HC (See 'Legal Desk') SEBI - Principles of natural justice required disclosure of the names and basic details of the complainants, as the adjudication would entail civil consequences: SAT (See 'Legal Desk') India, Kenya hold Working Group Meeting on Agriculture through Virtual Mode (See 'Corp Brief') NIFTEM-K to organise Global Platform with Participation from 25 Countries (See 'Corp Brief') IBC - Moratorium u/s 14 of IBC is intended to preserve debtor's estate from creditor actions aimed at debt recovery, but does not interdict sovereign proceedings in rem for attachment or confiscation under Benami Act: SC (See 'Legal Desk') ESIC commences 75th Foundation Year Celebrations (See 'Corp Brief') Misc - Telecom operator is liable to pay reserve price fixed for November 2012, 2G spectrum auction from February 2, 2012, date on which its licence stood quashed: SC (See 'Legal Desk') Stakeholder Consultation held for inputs on proposed Advanced Manufacturing Systems Mission (See 'Corp Brief') IPR - Registration of Device Mark is to be considered as whole and while determining deceptive similarity with another Trade Mark: HC (See 'Legal Desk') Biotechnology will power next industrial revolution: MoS (See 'Corp Brief') IPR - Trademark could not be removed simply for non-use: HC (See 'Legal Desk') Union Minister inaugurates Special Handloom Expo (See 'Corp Brief') India, Brazil sign TKDL Access Agreement for protection of Patent (See 'Corp Brief') Memorandum of Cooperation signed between Digital Bharat Nidhi and AP (See 'Corp Brief') IPR - Registered mark is liable to be removed if not used for continuous period of five years & three months prior to filing of petition, unless special circumstances are shown: HC (See 'Legal Desk') Footwear Design and Development Institute celebrates 5th Convocation Ceremony (See 'Corp Brief') 96% houses under PMAY-U 2.0 allotted for women (See 'Corp Brief') SEBI - Adjudication proceedings are nullified where the noticee has ceased to exist on account of being struck off the RoC: SEBI (See 'Legal Desk') India-Brazil MoU signed to Deepen MSME Cooperation (See 'Corp Brief') IFSCA-IICA unveil Strategic Roadmap to institutionalize Corporate Governance Ecosystem at GIFT-IFSC (See 'Corp Brief') Grant support extended to 5 Innovators under CSR-backed Programme (See 'Corp Brief') Misc - Notice u/s 91 of CrPC cannot be issued to accused person to compel them to furnish information that is based on their personal knowledge: HC (See 'Legal Desk') MoS holds bilateral Talks with Rwanda ICT Minister (See 'Corp Brief') India, Brazil sign MoU to strengthen and secure steel supply chain (See 'Corp Brief') Misc - SICA - failure to repay dues or subsequent financial incapacity cannot constitute cheating in he absence of fraudulent intent at time of inducement: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Maritime State Development Council to drive Strategic Maritime Development and Sustainability

Published: Sep 13, 2024

By TIOLCorplaws News Service

NEW DELHI, SEP 13, 2024: UNION Minister of Port Shipping and Waterways, Sarbananda Sonowal, visited Mormugao Port to inspect the upcoming International Cruise Terminal. During his visit, he toured the construction site of the new terminal building and experienced the port's state-of-the-art facilities with a yacht ride. As part of the 'Ek Ped Maa Ke Naam' initiative, the Minister also planted a sapling in the premises of the Mormugao Port.

Additionally, he briefed the media about the 20th Maritime State Development Council (MSDC) meeting, which is set to take place today in Goa.

He mentioned, "Under the visionary leadership of Prime Minister Modi, MoPSW is advancing ambitious projects worth Rs 24,000 crore in Goa under Sagarmala  to transform India's maritime sector. The Maritime State Development Council will review the progress of these initiatives, including the Maritime India Vision 2030 and Amrit Kaal Vision 2047, as we align with our future targets. By bringing all stakeholders from coastal states together, MoPSW aims to create world-class infrastructure".

"With the new Cruise Terminal at Mormugao Port, we are setting a benchmark for excellence, aiming to provide the kind of facilities that will help us meet our target of 1.5 million cruise tourists by 2030", Sonowal added.

It is to be noted Sarbananda Sonowal, will preside over the 20th meeting of the Maritime State Development Council (MSDC), set to take place on 12th and 13th September 2024 in Goa. This crucial event will bring together Chief Ministers, Senior Ministers from Coastal States, and Administrators of Union Territories (UTs). Senior officials from all nine Coastal States, four UTs, and representatives from various Union Government Ministries and Departments will also be in attendance.

The 20th MSDC meeting will address several key maritime initiatives critical to India's maritime future. A primary focus will be the review of the Sagarmala Programme, assessing its progress and outlining future plans to drive port-led development. Strategic discussions will also be held on the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat, highlighting efforts to preserve and showcase India's rich maritime history. The development of the country's inland waterway network will be another major topic, with proposals aimed at enhancing cargo and passenger transport being evaluated.

Additionally, the meeting will deliberate on improving road and rail connectivity to ports, facilitating smoother movement of goods and passengers. Innovative state-led initiatives will also be showcased, including Kerala Maritime Board's strategies to monetize dredging activities, Gujarat Maritime Board's urban development projects linked to port activity, and Andhra Pradesh Maritime Board's comprehensive master plan for maritime growth. Environmental sustainability will be a key theme, with a special focus on reducing pollution at Goa Port by curbing the handling of dirty cargo, aligning with broader efforts to promote cleaner, more sustainable port operations and enhance Goa's appeal as a destination for both tourists and residents.

In addition to the above, discussions will be held on the compliance status of Major and Non-Major ports, strategic plans to boost the shipbuilding and ship repair industries, the review of Sagarankalan guidelines, and improvements to the port ranking system in India.

The MSDC, established in 1997, serves as the apex advisory body for the development of India's maritime sector. Its primary aim is to promote the integrated growth of Major and Non-Major ports in close coordination with State governments. The Council, chaired by the Union Minister for Ports, Shipping, and Waterways, comprises Ministers responsible for ports from all Maritime States, Administrators of UTs, and key stakeholders, including representatives from the Navy, Coast Guard, and other agencies.

This pivotal gathering reaffirms the government's commitment to advancing India's maritime infrastructure, boosting port connectivity, and fostering sustainable growth for the maritime sector. The integration of Minor Ports with Major Ports and new proposals for roads, railways, and Inland Water Transport (IWT) will pave the way for a robust maritime economy.

TIOL CORP SEARCH

TIOL GROUP WEBSITES