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ibm blockchain platform ✌️【Temp Worker】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.Four bills related to the shipping sector were listed during the winter session of Parliament.

ibm blockchain platform ✌️【Temp Worker】✌️₹500 is all you need to unlock fast, high returns. Start investing 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.

ibm blockchain platform ✌️【Temp Worker】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.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.

ibm blockchain platform ✌️【Temp Worker】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.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.

ibm blockchain platform ✌️【Temp Worker】✌️Invest ₹500 and enjoy fast, secure monthly profits. Start now!The proposed legislation is part of a wider attempt to fix the problem.

ibm blockchain platform ✌️【Temp Worker】✌️Turn ₹500 into big monthly profits. Start today with our smart investment tools!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.

ibm blockchain platform ✌️【Temp Worker】✌️Achieve up to 100% returns with just ₹500. Invest smart, earn big!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

ibm blockchain platform ✌️【Temp Worker】✌️Start with ₹500 and experience high returns month after month.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.

ibm blockchain platform ✌️【Temp Worker】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.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.

ibm blockchain platform ✌️【Temp Worker】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.ibm blockchain platform Diversify Your Investment Portfolio for Bigger Returns