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Why in the News ? The Lok Sabha has passed the Coastal Shipping Bill, 2024, to regulate trade vessels in Indian coastal waters. The Bill aims to promote domestic fleet ownership, enhance national security, and boost India’s maritime economy through indigenous participation and global best practices. Key Highlights of the Coastal Shipping Bill, 2024: The …
Read MoreWhy in News? The Lok Sabha passed the Carriage of Goods by Sea Bill, 2024, replacing the 1925 Act to modernize maritime regulations. The Bill simplifies laws, aligns with international standards, and promotes ease of doing business in shipping. About the Purpose and Key Features of the Bill: Lok Sabha passed the Carriage of Goods …
Read MoreWhy in the News ? The Lok Sabha has passed the Finance Bill 2025, introducing zero income tax for income up to ₹12 lakh under the new tax regime. The Bill also focuses on tariff rationalization, boosting domestic manufacturing, and supporting startups with extended benefits. Key Provisions of the Finance Bill 2025: Tax Benefits: Under …
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