Play­ing favourites

The Hindu Business Line - - FRONT PAGE - PRASHANT NAKWE

969,458 TEUs in 2013-14 and 1.16 mil­lion TEUs in 2014-15 (an ex­cep­tion to the de­clin­ing trend).

The vol­ume re­duc­tion be­came more pro­nounced with the open­ing of NSIGT in 2015.

In 2015-16, NSICT han­dled 999,693 TEUs and in 2016-17, it dipped to 728,560 TEUs.

The most con­tentious as­pect of the 2005 norms is the treat­ment of sur­plus earned by the op­er­a­tor by han­dling more than the pro­jected vol­ume of con­tain­ers es­ti­mated while work­ing out the rates for a three-year pe­riod.

Ac­cord­ingly, 50 per cent of the sur­plus earned is al­lowed to be re­tained by the op­er­a­tor while the bal­ance is passed on to the users in the form of re­duced rates.

The sur­plus cal­cu­la­tion method was partly mod­i­fied by the min­istry in 2015.

As a re­sult, the ter­mi­nal op­er­a­tor will be al­lowed to re­tain up to 20 per cent of the sur­plus as well as half of the sur­plus in ex­cess of 20 per cent. The bal­ance half of the sur­plus will be passed on to the

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