Lok Sabha Passes Modern Maritime Legislation, Replacing Colonial-Era Laws

The Lok Sabha passed the Carriage of Goods by Sea Bill, 2024, replacing the old 1925 Act, aligning India's maritime laws with international standards. It promises simplified regulations for ease of business. Opposition raised concerns over trade impacts and unchecked powers granted to the government.

The Lok Sabha has passed the Carriage of Goods by Sea Bill, 2024, aiming to modernize India's maritime laws by updating the century-old Indian Carriage of Goods by Sea Act of 1925. This move is part of the government's ongoing effort to eliminate colonial-era laws and simplify regulations to improve the ease of doing business.

Union Minister Sarbananda Sonowal stressed that the new legislation would align the country's laws with international conventions, providing clarity on the responsibilities and liabilities for shipping carriers. He emphasized the importance of stakeholder engagement in crafting a more comprehensive legal framework.

While many acknowledge the need for modernization, opposition MPs raised concerns regarding the potential negative impacts on Indian traders and industries, calling for amendments to address issues related to central government powers and protection for domestic shippers.

(With inputs from agencies.)