💨 Abstract

The Lok Sabha has passed the Coastal Shipping Bill, 2024, which aims to regulate vessels engaged in trade within Indian coastal waters to boost maritime commerce. Union Minister Sarbananda Sonowal assured that the bill is based on global best practices and is within the spirit of cooperative federalism. The bill excludes fisheries/fishing from its scope and seeks to promote coastal trade by encouraging Indian-flagged vessels.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖