State-owned Jawaharlal Nehru Port Trust (JNPT) is drafting a special voluntary retirement scheme (SVRS), joining Chennai Port Trust in packing off workers as the Parliament looks set to pass a bill that seeks to convert ‘port trusts’ into ‘port authorities’ in the biggest structural reform of 11 of the 12 ports controlled by the Central government.

The Major Port Authorities Bill is included in the list of bills to be taken up for passage by Parliament in the monsoon session beginning Monday.

Major Port Authorities Bill

Under the new law, the 11 ports will don the role of landlords – a model widely followed globally wherein the publicly governed port authority acts as a regulatory body and as landlord while private companies carry out cargo handling activities.

 

Here, the port authority maintains ownership of the port while the infrastructure is leased to private companies that provide and maintain their own

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Goehring and Rozencwajg believe that we are on the cusp of a global energy crisis because of the depletion of U.S. tight oil plays.

“We are on the cusp of a global energy crisis…Global energy markets in general and oil markets in particular are slipping into a structural deficit as we speak. We believe that energy will be the most important investment theme of the next several years and the biggest unintended consequence of the coronavirus.”

—Goehring and Rozencwajg, July 2020

I doubt that they are right but their logic is sound.

U.S. tight oil accounted for 83% of growth in world production over the decade 2009 to 2019 (Figure 1). Deep water and oil sands were the other growth area at 23% while conventional production declined 9% over the same period.

World production fell an astonishing 10.8 mmb/d from April to June of this year. About 30% of that

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KKR) is on the cusp of signing a deal to sell Epicor Software to a group led by private-equity firm Clayton Dubilier & Rice LLC for around $4.7 billion, including debt, reports the Wall Street Journal, citing people familiar with the matter.” data-reactid=”12″KKR & Co. (KKR) is on the cusp of signing a deal to sell Epicor Software to a group led by private-equity firm Clayton Dubilier & Rice LLC for around $4.7 billion, including debt, reports the Wall Street Journal, citing people familiar with the matter.

According to the publisher’s sources, the deal could be announced in the next few days- although nothing is final. Epicor makes back-office and sales software for manufacturing, distribution, retail and service-industry customers, says the Wall Street Journal.

If the deal does go through at $4.7B, KKR would have made a hefty profit on Epicor- after buying it back in

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