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Parliament passes The Carriage of Goods by Sea Bill, 2025

Economic Times

Economic Times · 22d ago

Parliament passes The Carriage of Goods by Sea Bill, 2025

The Indian Parliament passed the Carriage of Goods by Sea Bill, 2025, to overhaul the maritime legal framework by replacing the 1925 Act. This new legislation aligns with international conventions and aims to simplify complex maritime regulations. It grants the government powers to issue directives and amend rules to adapt to evolving trade practices. The Bill seeks to improve transparency, assign responsibilities, and safeguard parties involved in shipping, promoting ease of doing business.

Related News

FM Sitharaman cuts import duties to zero on EV battery parts

Inshorts · 5m ago

FM Sitharaman cuts import duties to zero on EV battery parts

Finance Minister Nirmala Sitharaman has waived off import duties on EV battery components, reducing them to zero. With these efforts, domestic manufacturing is poised to grow significantly. The announcement came on March 25, 2025, ahead of the Finance Bill 2025's passage in parliament, the move aims at fostering local production and increasing global competitiveness.

Nirmala Sitharaman Tables Revised Income Tax Bill 2025 in Parliament to Boost Fairness and Clarity

StartupTalky

StartupTalky · 17d ago

Nirmala Sitharaman Tables Revised Income Tax Bill 2025 in Parliament to Boost Fairness and Clarity

Union Finance Minister Nirmala Sitharaman introduced the Revised Income Tax Bill 2025 in Parliament on August 11, aiming to enhance fairness and clarity in the tax system. Incorporating 285 recommendations from the Parliamentary Select Committee, the bill aims to streamline India's tax rules and reduce litigation for individuals and MSMEs. It replaces the 1961 Income Tax Act with simplified language and revised tax slabs, benefiting taxpayers and promoting investment and consumption.

US Senate passes stablecoin bill in milestone for crypto industry

Economic Times

Economic Times · 2m ago

US Senate passes stablecoin bill in milestone for crypto industry

The US Senate has passed the GENIUS Act, a bill establishing a regulatory framework for stablecoins, marking a significant development for the digital asset industry. The bipartisan-supported bill, approved by a 68-30 vote, needs House approval before reaching the president. If enacted, it would require stablecoins to be backed by liquid assets and publicly disclose reserve compositions. The bill aims to provide a regulatory regime for stablecoins, fueling broader use and addressing financial stability concerns.

U.S. House passes revised bill to ban TikTok or force sale

TechCrunch · 1y ago

U.S. House passes revised bill to ban TikTok or force sale

The US House of Representatives has passed a bill that would require the sale of popular social media app TikTok or face a ban in the country. The bill provides ByteDance, TikTok's parent company, with a nine-month window to sell the app, with an additional 90-day extension possible. The bill received overwhelming support from both Republicans and Democrats. If passed by the Senate, President Joe Biden has indicated he will sign it. TikTok is expected to challenge the bill in court if it becomes law. Concerns over national security threats and data privacy have been cited as reasons for the proposed ban.

Lok Sabha Passes Digital Personal Data Protection Bill, 2023

Startup News FYI

Startup News FYI · 2y ago

Lok Sabha Passes Digital Personal Data Protection Bill, 2023

In a significant move to safeguard citizens’ privacy rights, the Lok Sabha has successfully passed the long-awaited Digital Personal Data Protection (DPDP) Bill on Monday, August 7, 2023. The bill was presented by the Minister for Electronics and Information Technology, Ashwini Vaishnaw, and comes after extensive consultations with various stakeholders, garnering feedback on the draft.

Tax reforms to follow simplification bill

Livemint

Livemint · 1m ago

Tax reforms to follow simplification bill

The Income Tax Bill, 2025, aims to simplify the over-60-year-old Income Tax Act of 1961 and will be introduced in the monsoon session of Parliament. This initiative seeks to set the stage for future substantive reforms in direct tax laws, focusing on personal and corporate income taxation. The finance ministry believes that a simplified and more readable law will facilitate targeted reforms through subsequent annual Finance Acts.

US House overwhelmingly passes TikTok ban bill

Economic Times

Economic Times · 1y ago

US House overwhelmingly passes TikTok ban bill

The US House of Representatives has passed a bill that could force TikTok to divest from its Chinese owner, ByteDance, or face a ban in the United States. The legislation gained bipartisan support and threatens the popular video-sharing app's future in the country. However, the fate of the bill remains uncertain as it moves to the Senate, where some lawmakers are hesitant about taking such drastic action against an app with 170 million US users. The bill also grants the president the power to designate other applications as national security threats. TikTok's parent company has 180 days to sell the app or risk being barred from app stores in the US.

Signal, Mozilla, Proton term telecom bill a threat to the internet & democracy

Inc42 · 1y ago

Signal, Mozilla, Proton term telecom bill a threat to the internet & democracy

A consortium of 61 global digital companies and organizations, including Mozilla, Proton, and Signal, has expressed concerns about the new Telecommunications Bill in India, stating that it poses a grave threat to democracy and the internet. The bill, recently approved by both houses of the Indian Parliament, is criticized for jeopardizing encryption, enabling government internet shutdowns, and enhancing surveillance. The group has called on the Indian government to repeal the bill and engage in inclusive discussions to protect privacy, security, and an open internet.

Porter booked in K'taka for operating, showing ads without permit

Money Control

Money Control · 2y ago

Porter booked in K'taka for operating, showing ads without permit

The Karnataka Transport Department is taking legal action against Porter and its drivers for operating without securing a proper goods carriage permit, according to Additional Commissioner for Transport C Mallikarjun. He mentioned that Porter has also been placing advertisements on their vehicles without the necessary authorization. In the last week, more than 100 cases have been filed against Porter drivers in Bengaluru, Mallikarjun noted.

Karnataka Passes Bill To Levy 2% Cess On OTT Subscriptions

Inc42 · 1y ago

Karnataka Passes Bill To Levy 2% Cess On OTT Subscriptions

The Karnataka assembly has passed a bill proposing a cess of up to 2% on OTT subscription plans. Authorities are currently working on the details and preparations have started for drafting rules for the implementation of the bill. The state is planning to seek feedback from the public and stakeholders to ensure smooth collection of the cess on OTT plans.

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