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The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved amendments in the Model Concession Agreement (MCA) to make the Port Projects more investor-friendly and make investment climate in the Port Sector more attractive.
For existing and operational PPP projects, the Major Ports can permit waiver of all penal consequences on a case-to-case basis along with deferment of certain performance obligations under the relevant provisions of Concession Agreement.
Concession s: Only four categories of Divyangjan concession and 11 categories of patient concessions are permitted in these special trains.. Cancellation and Refund rule: Railway Passengers (Cancellation of Ticket and Refund of Fare) Rules, 2015 shall be applicable.
Age old Mineral Concession Rule, 1960 was governing many aspects of coal mining and needed amendment in furthering the Coal Sector Reforms and also due to several legislations coming into existence such as those related to Environment and Forest conservation etc.
To implement it, corresponding CMSP Rules and CBA rules were also amended Amendment in Mineral Concession Rule 1960: Salient features Registration of ualified Persons for Mining Plan preparation is no longer required.
There were queries on haulage charges for which Ministry of Railways has replied that haulage charges will be specified upfront and will be suitably indexed for the entire concession period thereby bringing certainty in the haulage charges.
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