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passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!The proposed legislation is part of a wider attempt to fix the problem.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.

passive crypto rewards through cloud compute services ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.passive crypto rewards through cloud compute services Maximize Your Stock Returns: Start with ₹500