<p style=”margin-bottom: 13px; text-align: center;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>SOURCE – PIB</span></span></span></span></b></span></span></span></p>
<p style=”margin-bottom: 13px; text-align: center;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>GS PAPER – 3</span></span></span></span></b></span></span></span></p>
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<p style=”margin-bottom:13px”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>CONTEXT</span></span></span></span></b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”> – </span></span></span></span><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>The Union <strong><span style=”font-family:"Cambria","serif"”>Ministry of Shipping</span></strong> launched <strong><span style=”font-family:"Cambria","serif"”>‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports)</span></strong> through virtual ceremony in New Delhi.</span></span></span></span></span></span></span></p>
<p style=”margin-bottom:13px”><strong><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>ABOUT –</span></span></span></span></span></span></span></strong></p>
<ul style=”list-style-type:circle”>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>It is established under <b>Societies Registration Act, 1860.</b></span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>‘SAROD-Ports’ is similar to provision available in Highway Sector in the form of <b>SAROD-Roads</b> constituted by <b>National Highways Authority of India (NHAI).</b></span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:black”>It consists of members from <b>Indian Ports Association (IPA) </b>and<b> Indian Private Ports and Terminals Association (IPTTA).</b></span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><strong><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:#474747″>It will advise and assist</span></span></span></strong><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:#474747″> in settlement of disputes <strong><span style=”font-family:"Cambria","serif"”>through arbitrations</span></strong> in the maritime sector, including ports and shipping sector in Major Port Trusts, Non-major Ports, including private ports, jetties, terminals and harbours.</span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:#474747″>SAROD-Ports will become the pivotal mechanism of <b><i>ummeed</i> (hope), <i>vishwas</i> (trust) and <i>nyaya</i> (justice)</b> in the Port sector of India. It will lead to <b>saving huge amounts of legal expenditure and time.</b></span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:#474747″>It will promote <strong><span style=”font-family:"Cambria","serif"”>ease of doing business</span></strong> in the maritime sector because of the <strong><span style=”font-family:"Cambria","serif"”>fast, timely, cost effective and robust dispute resolution mechanism.</span></strong></span></span></span></span></span></span></span></li>
<li style=”margin-right:7px; margin-bottom:7px”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”tab-stops:list .5in”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”font-family:"Cambria","serif"”><span style=”color:#474747″>All major Ports will shift towards the <b>‘Landlord Model’.</b></span></span></span></span></span></span></span></li>
</ul>
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