The Cabinet today approved a new Merchant Shipping Bill by repealing the 58-year old law, a move that will promote ease of doing business, transparency and effective delivery of services.
“The Cabinet, chaired by Prime Minister Narendra Modi, has approved the Merchant Shipping Bill, 2016 for introducing it in Parliament,” an official statement said.
The Merchant Shipping Bill, 2016, is a revamped version of the Merchant Shipping Act, 1958. It provides for repealin ..
“Further, certain redundant provisions will be dispensed with and the remaining provisions will stand consolidated and simplified so as to promote ease of doing business, transparency and effective delivery of services,” it added.
The significant reforms that will follow enactment of the Bill include augmentation of Indian tonnage promotion/ development of coastal shipping in India, i ..