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AI impact of experts tax saving ✌️【Temp Worker】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!Four bills related to the shipping sector were listed during the winter session of Parliament.

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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.

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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.

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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.

AI impact of experts tax saving ✌️【Temp Worker】✌️Invest ₹500 in our safe platform and start earning passive income every month.The proposed legislation is part of a wider attempt to fix the problem.

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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.

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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.

AI impact of experts tax saving ✌️【Temp Worker】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!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.

AI impact of experts tax saving ✌️【Temp Worker】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.AI impact of experts tax saving Make Money Online: High Returns, Low Investments