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qwikresume com 2024 ✌️【Asset】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!Four bills related to the shipping sector were listed during the winter session of Parliament.

qwikresume com 2024 ✌️【Asset】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.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.

qwikresume com 2024 ✌️【Asset】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!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.

qwikresume com 2024 ✌️【Asset】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!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.

qwikresume com 2024 ✌️【Asset】✌️Start with ₹500 and enjoy up to 100% monthly returns. Invest smart, earn big!The proposed legislation is part of a wider attempt to fix the problem.

qwikresume com 2024 ✌️【Asset】✌️Secure high monthly returns with a ₹500 investment. Start your wealth journey today!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.

qwikresume com 2024 ✌️【Asset】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

qwikresume com 2024 ✌️【Asset】✌️Start small with ₹500 and get high returns with minimal risk. Perfect for beginners!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.

qwikresume com 2024 ✌️【Asset】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!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.

qwikresume com 2024 ✌️【Asset】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.qwikresume com 2024 Stock Market Investments: Low Risk, High Rewards