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short term savings goals ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Four bills related to the shipping sector were listed during the winter session of Parliament.

short term savings goals ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one 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.

short term savings goals ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.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.

short term savings goals ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.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.

short term savings goals ✌️【365vc.net】✌️₹500 is all it takes to start earning up to 100% monthly. Take control of your financial future!The proposed legislation is part of a wider attempt to fix the problem.

short term savings goals ✌️【365vc.net】✌️₹500 investment to unlock massive monthly income. Start now and grow your earnings online!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.

short term savings goals ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

short term savings goals ✌️【365vc.net】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.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.

short term savings goals ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.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.

short term savings goals ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.short term savings goals Stock Market Investments: Low Risk, High Rewards