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nseindia com for Indians for experts ✌️【Investment Strategy】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow! Finally, it mandates the development of a strategic plan for the long-term growth of coastal shipping.The second bill, the Merchant Shipping Bill, 2024, has also been introduced in Parliament.

It will replace the Merchant Shipping Act of 1958 with the primary objective of significantly simplifying ownership and registration requirements.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!One of the key changes is the expansion of eligibility for vessel ownership.

Under the new bill, Indian vessels can be owned not only by Indian citizens but also by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Indian-registered companies, and other entities designated by the government.

In contrast, the 1958 Act required that ships flagged in India be 100% owned by Indian citizens or by companies incorporated under Indian law and also required that their principal place of business be located in India.The new legislation introduces the option for registration under the Bare Boat-cum- Demise Charter (BBCD) method, allowing ships to be acquired with an upfront partial payment and the balance paid over time.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Start investing with ₹500 and experience up to 100% returns every month!This is critical for financing an expensive, long-term asset.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Invest small, earn big! ₹500 can earn you consistent monthly profits!Till now, the law required full upfront payment.The bill also includes measures to reduce the compliance burden and promote ease of doing business such as allowing vessel registration without the need to visit Indian ports, strengthening the adjudication process, and so on.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!The bill has provisions to ensure India meets its obligations under various international conventions.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Additionally, it extends welfare measures initiated by the Union government to cover Indian seafarers on foreign-flagged ships, which was not previously included.The third bill is the Carriage of the Goods by Sea Bill, 2024, which is going to replace the Indian Carriage of Goods by Sea Act, 1925.

Its key objectives include clarifying the legal responsibilities, liabilities, and rights of carriers and shippers, streamlining the process for handling disputes, and ensuring greater flexibility in regulations through government oversight.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!The final bill deals with the complex documentation of shipping activities, i.e.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Bills of lading.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Earn massive monthly returns. Start investing with ₹500 today!The Bills of Lading Bill, 2024, will replace the more than 168-year-old colonial-era Indian Bills of Lading Act, 1856.Overall, the changes envisaged in these bills will radically improve the shipping ecosystem.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Of course, these will have to be complemented with other measures discussed/ to be discussed in our past/future articles in this series such as classification of ships as infrastructure, creation of Indian-owned and India-based Protection and Indemnity entity, addressing the exclusion of vessels from Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, and so on.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.Watch this space as the sector undergoes a major overhaul.Disclaimer: Views expressed are personal and do not reflect the official position or policy ofFinancialExpress.com.

Reproducing this content without permission is prohibited.Micromax and Phison have formed a joint venture, MiPhi, to produce storage chips in India.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!The majority-owned company aims to reduce GPU costs by one-tenth and provide custom-designed NAND storage for AI, enterprise, and automotive industries.

nseindia com for Indians for experts ✌️【Investment Strategy】✌️Start with ₹500 and get fast returns through secure and profitable investments.With a $250 million investment and plans to expand to 1,000 employees, MiPhi is supported by the government and welcomes chip design startups.nseindia com for Indians for experts Passive Income from Smart Investments