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Bills Of Lading 2025: Rajya Sabha Passes Landmark 'Bills of Lading, 2025'; Set for Presidential AssentETInfra
Bills Of Lading 2025: Rajya Sabha Passes Landmark 'Bills of Lading, 2025'; Set for Presidential AssentETInfra

Time of India

timea day ago

  • Business
  • Time of India

Bills Of Lading 2025: Rajya Sabha Passes Landmark 'Bills of Lading, 2025'; Set for Presidential AssentETInfra

Advt Minister's remarks in Parliament Key provisions of the bill By , ETInfra Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. On the first day of the Monsoon Session, the Rajya Sabha passed the 'Bills of Lading, 2025' bill, clearing the way for it to become law pending Presidential assent . The legislation, already cleared by the Lok Sabha, was tabled in the Upper House by Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal The bill seeks to repeal and replace the Indian Bills of Lading Act , 1856, introducing a revised legal framework for shipping documentation . According to the government, the legislation updates legal definitions and provisions to bring India in line with current international the bill, Sarbananda Sonowal said, 'This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat. In the words of the Hon'ble Prime Minister, 'India must act with speed and scale to reform its systems and transform its future'.'Sonowal further said, 'Today, as we reflect on the 76th year since the adoption of the Indian Constitution , it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress. 'Swarnim Bharat' needs a statute that is contemporary, crafted by our own people, and capable of addressing the challenges of the modern era.'The new law updates the terminology and framework used in shipping documentation in India. It outlines the rights and obligations of carriers, shippers, and lawful legislation also includes a clause allowing the central government to issue directions for implementation, and a standard repeal and saving clause to ensure the continuity of past actions under the previous calling for support in the House, said, ''The Bills of Lading, 2025' bill reflects our constitutional values and marks a vital step in replacing outdated colonial laws with a modern, accessible framework. As our maritime sector expands rapidly, this reform will boost ease of doing business , reduce disputes, and strengthen India's global trade standing. As the saying goes — 'Whoever rules the waves, rules the world' — it's time India leads from the front.'

Parliament clears ‘Bills of Lading, 2025' bill on the 1st day of monsoon sessio, replaces 169 year-old law
Parliament clears ‘Bills of Lading, 2025' bill on the 1st day of monsoon sessio, replaces 169 year-old law

Mint

time2 days ago

  • Business
  • Mint

Parliament clears ‘Bills of Lading, 2025' bill on the 1st day of monsoon sessio, replaces 169 year-old law

The Rajya Sabha passed the 'Bills of Lading, 2025' bill on the first day of the monsoon session on Monday, paving the way for Presidential assent to replace a colonial-era law. Tabled by the Union minister of ports, shipping & waterways (MoPSW) Sarbananda Sonowal, the passage of the bill marks a watershed moment for India's maritime sector, the ministry said. The bill, already passed by the Lok Sabha, now awaits Presidential assent to become law. Once enacted, it will replace the 169 year-old Indian Lading Act, 1856 with a modern, simplified, and globally aligned legal framework for maritime shipping documentation in India. The new law replaces archaic terminology with clear and business-friendly language, streamlining rights and obligations for carriers, shippers and lawful holders; reducing ambiguity in shipping documentation to lower litigation risks as well as strengthening India's position in global trade by aligning with international norms. Tabling the bill, Sonowal said, 'Today, as we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress. 'Swarnim Bharat' needs a statute that is contemporary, crafted by our own people, and capable of addressing the challenges of the modern era.' The bill renames the outdated law, symbolising a decisive move away from India's colonial past. It simplifies legal language, restructures complex provisions, and introduces an enabling clause empowering the central government to issue directions for effective implementation. By incorporating a standard repeal and saving clause, the legislation ensures continuity and legal validity of past actions under the old Act. These reforms aim to enhance clarity, promote ease of understanding, and enable smoother enforcement in line with contemporary trade and legal standards enabling Ease of Doing Business in India, the ministry said. Sonowal said, ''The Bills of Lading, 2025' bill reflects our constitutional values and marks a vital step in replacing outdated colonial laws with a modern, accessible framework. As our maritime sector expands rapidly, this reform will boost ease of doing business, reduce disputes, and strengthen India's global trade standing. As the saying goes — 'Whoever rules the waves, rules the world' — it's time India leads from the front.'

ISWK celebrates India's 76th Republic Day with pride & patriotism
ISWK celebrates India's 76th Republic Day with pride & patriotism

Times of Oman

time26-01-2025

  • Politics
  • Times of Oman

ISWK celebrates India's 76th Republic Day with pride & patriotism

Indian School Wadi Kabir (ISWK) commemorated the 76th Indian Republic Day with enthusiasm, patriotism, and cultural splendor on the primary school ground. The occasion brought together students, parents, staff, and distinguished guests in a vibrant celebration of India's rich heritage and democratic spirit. The theme for this year's Republic Day, 'Swarnim Bharat: Virasat aur Vikas' (Golden India: Heritage and Development), celebrated India's cultural legacy and its progressive strides in development. The event was graced by the presence of the esteemed Chief Guest, Mr. Arvind Toprani, a distinguished businessman and community leader. As the Managing Director of Golden Grains Trading LLC and an active contributor to organizations such as ISWK, the Hindu Temple, and Muscat Gujarati Samaj, Mr. Toprani has consistently exemplified a commitment to unity and progress. Addressing the audience, he commended the students for their spirited performances and emphasized the significance of Republic Day in fostering unity and reinforcing democratic values. Accompanying Mr. Toprani were the chief patrons - Sheikh Anil Khimji and Mr. Kiran Asher, Mr. Rajendra Ved – executive director of the school management committees of ISWK CBSE and ISWK Cambridge, Mr. Alkesh Joshi – assistant executive director, the presidents of ISWK CBSE and ISWK Cambridge, Mr. Sachin Toprani and Ms. Gargi Chugh respectively, esteemed representatives from the Embassy of India, members of the Hindu Mahajan Association, members of the Educational Cell, members of the School Management Committees of ISWK CBSE & ISWK Cambridge, the Board of Directors, and other notable dignitaries. Also present on the momentous occasion were the school principal, Mr. D. N. Rao, Vice Principals and the staff of ISWK CBSE and ISWK Cambridge. The celebration began with the symbolic release of tri-colored balloons, followed by the singing of the Indian national anthem, which evoked a deep sense of patriotism. A dignified Guard of Honour, led by Master Samarth Pramod Pujari, Head Boy of ISWK Cambridge, set the tone for the proceedings. The event also featured an impressive march past by contingents from both the CBSE and Cambridge wings, exemplifying discipline and teamwork. The school choir of the senior wing of ISWK CBSE captivated the audience with a melodious rendition of a patriotic song- 'Bela Hain Balidaan Ki', while the tiny tots of the primary wing of ISWK enthralled everyone present with a vibrant dance performance titled , 'Tirange Ki Chhaon Mein' . 'Mati Ko Ma Kahete Hain' was the title of the energetic dance performance showcased by the dancers of the senior wing of ISWK CBSE. A mellifluous recital was presented by the primary wing of ISWK CBSE - 'Kesariya Bharat'. The dancers of ISWK Cambridge seamlessly blended elegance, passion and patriotic zeal in the finale dance, emphasizing the message of unity in diversity. Each learner declared with joy and pride that though he belonged to a different state, he was just like any other Indian, underscoring the shared bond of being Indian. The event concluded with a vote of thanks, followed by light refreshments. The celebration left an indelible mark on the minds and hearts of all present, instilling a profound sense of pride and unity. Through this grand celebration, Indian School Wadi Kabir reaffirmed its commitment to nurturing young minds, fostering democratic values, and instilling a deep sense of pride in India's identity.

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