Minister chairs Regional Conference of Labour & Industry Secretaries of States (See 'Corp Brief') Joshi concludes Abu Dhabi Visit with focus on Clean Energy Investment (See 'Corp Brief') PMLA - Precondition for being proceeds of crime is that property has been derived or obtained, directly or indirectly, by any person as result of criminal activity relating to scheduled offence: SAFEMA (See 'Legal Desk') India among top 3 startup nations with substantial number of women-led ventures: MoS (See 'Corp Brief') PMLA - Company cannot escape from liability on account of its ex-directors: SAFEMA (See 'Legal Desk') DFS Secy reviews performance of Public Sector Insurance Companies (See 'Corp Brief') Patent Agent Examination 2026 held with 5,500 Candidates (See 'Corp Brief') CCI permits Chrys Capital to pick up equity in Nash Industries (See 'Corp Brief') Arbitration and Conciliation Act - as per Sections 38 & 39 of CPC, a decree can be executed by court with competent jurisdiction, including court where respondent's assets are located: HC (See 'Legal Desk') PFRDA undertakes NPS Outreach for MSMEs at Vibrant Gujarat (See 'Corp Brief') TRAI assesses Network Quality Across Nasik and Surrounding Area (See 'Corp Brief') YUVA AI: A step towards democratising access to AI Knowledge (See 'Corp Brief') SEBI - Direct acquisition of shares in Vodafone Idea by Government, arising from conversion of interest on deferred spectrum auction and AGR dues into equity, should be exempted from mandatory open offer requirements: SEBI (See 'Legal Desk') 'Jo Vaada Kiya, Wo Nibhana Padega' - Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State Accountability (See CORP EINSICHT) Strategic Alliance between ICAR and NDDB to strengthen Innovation (See 'Corp Brief') BHASHINI Samudaye: Strengthening India's Language AI Ecosystem (See 'Corp Brief') Industrial Units are entitled to disbursal of capital investment subsidy & DG Set subsidy, and State Functionary is precluded from refusing to disburse same: SC (See 'Legal Desk') Minister reviews steps to romote manufacturing of Rare Earth Permanent Magnets (See 'Corp Brief') IIT Delhi hosts Seminar on advancing Quality Assessment of Medicinal Plants (See 'Corp Brief') IPR - Importance of doctrine of 'initial interest confusion' in pharmaceutical trade, affirming that even fleeting moment of confusion at initial stage is sufficient for infringement: HC (See 'Legal Desk') Pradhan interacts with PM-YUVA 3.0 authors at World Book Fair 2026 (See 'Corp Brief') Chouhan addresses Young Leaders at Viksit Bharat Dialogue 2026 (See 'Corp Brief') IBC/RTI - RTI application rightly rejected where Applicant was unable to demonstrate any significant public interest justifying the disclosure of information: IBBI (See 'Legal Desk') Health Pavilion emerges as major attraction at Vibrant Gujarat (See 'Corp Brief') MoS hosts informal interaction with J&K and Ladakh participants (See 'Corp Brief') Companies Law - Sec 433 of Companies Act, 2013 , which empowers NCLT/NCLAT to apply Limitation Act, 1963, cannot be given retrospective effect to empower CLB: SC (See 'Legal Desk') Pradhan inaugurates New Delhi World Book Fair 2026 (See 'Corp Brief') Department of Fisheries' push for Capacity building in Fisheries and Aquaculture Sector (See 'Corp Brief') PMLA - If accused is not in possession of sufficient assets to satisfy interest of all depositors/investors/victims, then only available option with PMLA Court is to proportionately divide available assets amongst creditors/depositors/investors: SAFEMA (See 'Legal Desk') Arbitration and Conciliation Act, 1996 - provisions of Section 8 of Commercial Courts Act, 2015, bar filing of a revision petition against interlocutory order of Commercial Court, except in exceptional circumstances: HC (See 'Legal Desk') IBC - Deed of undertaking is not guarantee, and resolution plan does not extinguish rights against third-party security providers unless debt is fully satisfied: SC (See 'Legal Desk') PMLA - Continued incarceration of under-trial, without commencement or reasonable progress of trial, results in pre-trial detention being converted into punishment, which is impermissible in law: SC (See 'Legal Desk')

22 Sagarmala projects worth Rs. 1,225 crore sanctioned in Tamil Nadu: Sonowal

Published: Jul 31, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 31, 2024: Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal, presented a detailed overview of the various questions raised in today's Rajya Sabha session. He highlighted the government's efforts to enhance cargo movement through National Waterways (NWs). The Minister outlined several key initiatives to improve the efficiency of India's inland waterways. Significant fairway development projects are underway under the Jal Marg Vikas Project (JMVP), which is supported by the World Bank. These efforts include achieving a Least Available Depth (LAD) of up to 3.0 meters on critical stretches of NW-1, with ongoing works in stretches such as Haldia-Barh and Barh-Ghazipur. Additionally, fairway development is being carried out on NW-97 in the Sunderbans and on Indo-Bangladesh protocol routes to ensure round-the-year navigability.

Sonowal emphasizes the introduction and expansion of Ro-Ro/Ro-Pax services across several routes. The Minister also announced the identification and planned development of 26 new National Waterways. This expansion is intended to offer alternative transportation modes and enhance connectivity across various regions of India.

Digital advancements have been a key focus, with the launch of the CAR-D portal for cargo data management and the PANI portal for detailed asset and navigation information. These platforms are designed to facilitate better stakeholder collaboration, improve organizational consistency, and enhance transparency.

Moreover, recent MoUs were signed to boost cargo and cruise services. Notable agreements include partnerships with Assam Tourism for riverine tourism, Bihar's Department of Tourism for Ro-Pax vessel operations, and Numaligarh Refinery Limited for petroleum product transport. The government is also exploring new National Waterways projects in states such as Kerala, Andhra Pradesh, and Uttar Pradesh, as part of a broader strategy to strengthen India's inland water transport infrastructure.

Sarbananda Sonowal also detailed the significant investments and initiatives under the Sagarmala Scheme for Tamil Nadu. Over the past three years, 22 port-related projects totalling Rs. 1,225 crore have been sanctioned, covering port infrastructure, coastal berths, and fish harbours. Additionally, Rs. 410 crore is allocated for four fishing harbour projects, with efforts focused on skill development and economic growth in coastal districts through collaboration with various ministries.

The Minister confirmed that the government has indeed explored the possibilities of increasing floating jetty projects in Tamil Nadu. These projects are part of a broader initiative to enhance coastal infrastructure and improve connectivity.

Regarding the expansion and upgradation of ports, Sonowal outlined significant developments. Notably, V.O. Chidambaram Port has leased 500.82 acres of land to various industries for the development of Green Hydrogen and ammonia plants, reflecting a commitment to sustainable energy and industrial growth.

Overall, the Minister's detailed presentation underscores the government's commitment to developing robust and efficient maritime facilities.

TIOL CORP SEARCH

TIOL GROUP WEBSITES