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Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!Four bills related to the shipping sector were listed during the winter session of Parliament.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️Secure high monthly returns with a ₹500 investment. Start your wealth journey today!These bills mark a significant step forward in the development ofIndia’s shipping sector — crucial not only for economic growth but also for national security.Discussions about this sector often focus on thelogisticsand efficiency of ports, which are undeniably important — but ships are equally vital.

India unfortunately lags behind in all the areas of shipping — ownership, shipbuilding, and flagging.

India owns just 1,526 ships, with a total gross tonnage capacity of around 13 million.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!Of these, 487 vessels are engaged in overseas trade.

India is at the 18th position with 1.2% of the global shipping capacity.

Further, only 0.77% of the world’s ships are registered under the Indian flag.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!Additionally, India has an almost negligible presence in shipbuilding, with only 0.07% of the globalmarketshare.

China dominates theindustrywith 46.6% of shipbuilding measured by gross tonnage, followed by South Korea at 29.2%, and Japan at 17.2%.Not only does the lack of ships annually cost India $90 billion in shipping related payments, but it is also a big security risk.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!The proposed legislation is part of a wider attempt to fix the problem.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month!The first bill is the Coastal Shipping Bill, 2024.

It seeks to create a comprehensive regulatory framework for coastal trade, an area that has so far lacked cohesive legislation.

Currently, mechanised vessels involved in coastal shipping are partly governed by Part XIV of the Merchant Shipping Act, 1958.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each month.The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️Start with ₹500 and unlock up to 100% monthly returns. Grow your wealth the smart way!These address only their registration and do not provide a broader regulatory framework.To promote coastal shipping, the new legislation removes the requirement for Indian-flagged vessels to obtain a general trading licence for engaging in coastal trade.

It also empowers the Director-General to issue licences to foreign-flagged vessels, considering factors such as the crew’s nationality, the vessel’s construction specifications, and other relevant criteria.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!A key feature of the bill is the proposal to establish a national database for coastal shipping, aimed at ensuring transparency in the licensing process.

Earn promotion commissions through social recommendations ✌️【Part-Time Position】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.Earn promotion commissions through social recommendations Quick & Easy Part-Time Jobs for Students