With reference to the Major Port Authorities Bill passed in 2021, what is the TAMP?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Tariff Authority for Major Ports.
- As per the 2021 Major Port Authorities Bill, TAMP signifies the "Tariff Authority for Major Ports." Functioning as an independent regulatory body in India, TAMP oversees the regulation of tariffs and associated aspects for services offered at major ports nationwide. Its key mandate involves ensuring transparency and equity in tariff determination, safeguarding the interests of both port users and operators. The Major Port Authorities Act of 2021 brought about a redefinition of TAMP's role and functions, introducing reforms aimed at elevating the efficiency and competitiveness of major ports in India.