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Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.Four bills related to the shipping sector were listed during the winter session of Parliament.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!The proposed legislation is part of a wider attempt to fix the problem.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.Efficient Reward Income Distribution Scheme ✌️【High Risk, High Return】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!