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YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.Four bills related to the shipping sector were listed during the winter session of Parliament.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Invest ₹500 today and see your wealth grow with our safe, reliable platform.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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and earn steady, high returns every month!The proposed legislation is part of a wider attempt to fix the problem.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Achieve financial freedom with ₹500. Invest smart and earn fast!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly.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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.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.

YMI ymi in India for beginners ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.YMI ymi in India for beginners Remote Part-Time Jobs with High Pay